Package Property #2, Lubbock, TX 79412
FOR SALE
0.73 ACRES

Package Property #2
Lubbock, TX 79412

Ballenger
  • 15 Beds
  • 7.5 Baths
  • 5,340 sqft (on 0.73 acres)

$460,000

Est. Mortgage $2,407/mo*

$460,000

Est. Mortgage $2,407/mo*
15 Beds
7.5 Baths
5,340 sqft
(on 0.73 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

3 out of the 5 units are rented. Pro-forma cap rate at 100% occupancy is 8.25%.

Home Highlights

Parking
2 Carport Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$86
Listed
180+ days ago

Home Details for Package Property #2

Interior Features

Beds & Baths
Number of Bedrooms: 15Number of Bathrooms: 10Number of Bathrooms (full): 5Number of Bathrooms (half): 5
Dimensions and Layout
Living Area: 5340 Square Feet
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Ceiling Fan(s),Central AirHas HeatingHeating Fuel: Central

Exterior Features

Exterior Home Features
Roof: CompositionFencing: Back Yard
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Has a CarportNo Attached GarageParking Spaces: 2Parking: Carport
Frontage
Road Frontage: City StreetRoad Surface Type: All WeatherNot on Waterfront
Finished Area
Finished Area (above surface): 5340 Square Feet

Days on Market

Cumulative Days on Market: 417Days on Market: 180+

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Package Property, Multi Family
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: R313644

Price & Status

Price
List Price: $460,000Price Per Sqft: $86

Active Status

MLS Status: Active

Location

Direction & Address
City: Lubbock
School Information
High School District: Lubbock ISD

Agent Information

Listing Agent
Listing ID: 202550866

Building

Building Area
Building Area: 5340 Square Meters

HOA

No HOA

Lot Information

Lot Area: 0.73 acres

Offer

Listing Terms: 1031 Exchange, Cash, Conventional

Business

Expense
Tenant Pays: All Utilities

Miscellaneous

Mls Number: 202550866Above Grade Unfinished Area: 5340
Last check for updates: about 9 hours ago
Listing courtesy of Collen Melton TREC #0774198, (806) 999-5353
Brick & Loft Realty
Travis Turner TREC #0660475, (806) 577-2508
Brick & Loft Realty
Source: LBMLS, MLS#202550866
Also Listed on LBMLS.

Price History for Package Property #2

DatePriceEventSource
09/12/2025$460,000Listed For SaleLBMLS #202550866
09/01/2025$460,000ListingRemovedLBMLS #202550866
02/23/2025$460,000Listed For SaleLBMLS #202550866

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Comparable Sales for Package Property #2

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.10
Multi-Family Home
-
02/06/26
17
7
6,255
0.31
Multi-Family Home
-
07/11/25
6
3
2,520
1.03
Multi-Family Home
-
06/30/25
8
8
5,472
0.71
Multi-Family Home
-
12/10/25
4
4
2,600
0.77
Multi-Family Home
-
12/24/25
6
6
2,732
0.66
Multi-Family Home
-
10/08/25
4
4
2,120
0.59
Multi-Family Home
-
11/03/25
4
3
1,879
0.90
Multi-Family Home
-
01/30/26
5
4
2,296
0.44
Multi-Family Home
-
03/12/26
2
2
1,232
0.71
Multi-Family Home
-
04/24/26
4
2
1,728

Assigned Schools

These are the assigned schools for Package Property #2.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Ballenger

At least 12 Trulia users voted on each feature.
  • 93 % Say parking is easy

  • 93 % Say yards are well-kept

  • 86 % Say car is needed

  • 79 % Say there's holiday spirit

  • 78 % Say there are sidewalks

  • 56 % Say they plan to stay for at least 5 years

  • 53 % Say it's walkable to grocery stores

  • 50 % Say it's quiet

  • 50 % Say streets are well-lit

  • 46 % Say neighbors are friendly

  • 46 % Say it's walkable to restaurants

  • 42 % Say kids play outside

  • 29 % Say there's wildlife

  • 18 % Say it's dog friendly

  • 13 % Say people would walk alone at night

Learn more about our methodology.
  • Trulia User
    "I used to stay in the area and want to move back in the area yes it is a alright neighborhood there are restaurants around the area"
  • Trulia User
    "I’ve lived in this area 4 years , it’s a ok neighborhood not really friendly, there’s not a lot of children in the area maybe not a neighborhood for young parents with kids but a stable neighborhood most people own their homes in the area."
  • Lendia W.
    "While walking your dog pick up their poop if your dog barked a lot on the walk put a muzzle on your dog so others won’t feel frightened."
  • Gary754
    "Loose dogs running around, do not any one walking dogs. No one seems to keep their fences in good shape. Dogs alway getting out"
  • Gary754
    "People with dog beware there are several dog that run loose in the neighborhood and may be attack other dogs"
  • Gary754
    "Nothing really, neighborhood has been going down hill. People dump used mattresses, furniture, etc. constantly in my alley. Crime is bad . "

LGBTQ Local Legal Protections

Collen Melton, Brick & Loft Realty
Agent Phone: (806) 999-5353
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Package Property #2, Lubbock, TX 79412 is a 15 bedroom, 10 bathroom, 5,340 sqft multi-family built in 2006. Package Property #2 is located in Ballenger, Lubbock. This property is currently available for sale and was listed by LBMLS on Sep 12, 2025. The MLS # for this home is MLS# 202550866.