$285,000

312 E 34th Street, Lubbock, TX 79404

  • 23 beds |
  • 10 baths |
  • 10,568 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon0.97acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $27/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

Investment Opportunity: Multi-Family Value-Add Portfolio Unlock the Potential of this Diamond in the Rough For the visionary investor, this multi-family package offers the rare chance to revitalize a unique property and create something truly impactful. Located at 312 E 34th, this assembly of homes is the definition of a "value-add" investment, offering immediate rental potential alongside significant long-term upside. Property Highlights: Five Individual 1-Bedroom Houses: These standalone units are nearly rent-ready. With minor finishing touches, they are projected to command between $600-$700 per month each, providing an immediate and steady starting cash flow. One Duplex: A versatile structure currently requiring rehab. Once restored, this duplex will significantly increase the door count and monthly yield of the portfolio. Large Sierra Trails Apartment Building: The centerpiece of the investment, this substantial building spans over 7,600 sq. ft. While it requires a more comprehensive renovation, its scale offers the greatest opportunity for equity growth and high-density rental income. The Opportunity: Offered at $250,000, this Sierra trails portfolio is perfect for an investor looking to build a "buy-and-hold" empire or a developer ready to execute a high-margin "BRRRR" strategy. Don't miss the chance to transform this unique collection of properties into a cornerstone of your portfolio. The footprint is established, the square footage is there, and the upside is waiting for the right buyer. Price: $285,000 Location: 312 E 34th Total Units: 5 Houses + 1 Duplex + 1 Large Apartment Building (18 doors)

Listing Status:
Active
Date Added:
March 9, 2026
Data Last Updated:
April 5, 2026 at 2:39AM
Listing Office:
Southern Magnolia Real Estate : 806-773-4092
Listing Agent:
Tomas Rodriguez : 361-816-3661
MLS ID:
202603089
  • Flooring: Tile
  • A/C: Other
  • Heating: Electric
  • Parking: Shared Driveway
  • General: Other
  • Road/Access: City Street
  • Originating MLS: Lubbock Association of REALTORS®
  • County: Lubbock
  • Zoning: Berry Blk 2 L 4-6R70294
  • Fencing: Chain Link
  • Utilities: Electricity AvailableSewer ConnectedWater Available
  • Sewer: Public Sewer
  • Source: Lubbock Association of REALTORS®

This listing courtesy of Tomas Rodriguez , Southern Magnolia Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Ervin Elementary School

1802 E 28th St, Lubbock, TX, 79404

Grades PK-5

0.96 miles away

D

Dunbar College Preparatory Academy

2010 E 26th St, Lubbock, TX, 79404

Grades 6-8

1.16 miles away

P

Priority Intervention Academy

1323 E 24th St, Lubbock, TX, 79404

Grades 6-12

0.97 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.