Turnkey Five-Unit Townhome Investment in South Lubbock - 2534, 2536, 2538, 2540, 2542 137th St. Positioned in a growing area of South Lubbock, 2534 137th St presents a compelling multifamily investment opportunity featuring five modern townhome units built in 2022. The property consists of three 3-bedroom, 2.5-bath units and two 3-bedroom, 2-bath units. Each unit features a one-car garage, private driveway, and access to additional street parking. Interior finishes include granite countertops and luxury vinyl plank flooring, while low-maintenance turf helps reduce exterior upkeep. Located within walking distance of Lubbock-Cooper East Elementary School, this provides a strong opportunity to acquire a newer multifamily asset with modern finishes and multiple income-producing units in one of South Lubbock's growing areas. Buyer and buyer's agent to independently verify all measurements, financial information, occupancy, schools, zoning, and other property details.
For sale
$1,150,000
2534 137th St, Lubbock, TX 79423
15beds
8,215sqft
Multi Family
Built in 2022
-- sqft lot
$1,096,500 Zestimate®
$140/sqft
$-- HOA
What's special
One-car garageLow-maintenance turfLuxury vinyl plank flooringGranite countertopsPrivate drivewayAdditional street parking
- 22 days
- 233
- 15
Zillow last checked:
Listing updated:
Listed by:
Andrew Baxter TREC #0734273 214-926-1236,
Veritas Real Estate Company,
Joseph Randall TREC #0727954 806-300-2140,
Veritas Real Estate Company
Source: LBMLS,MLS#: 202613104
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 16
- Full bathrooms: 13
- 1/2 bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Oven
- Laundry: Laundry Room
Features
- Beamed Ceilings
- Flooring: Luxury Vinyl, Plank, Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 8,215
- Total interior livable area: 8,215 sqft
- Finished area above ground: 8,215
Property
Parking
- Total spaces: 5
- Parking features: Alley Access, Attached, Garage, Garage Door Opener, Garage Faces Rear
- Attached garage spaces: 5
Features
- Exterior features: Other
Lot
- Size: 0.32 Acres
Details
- Parcel number: R339811
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 2022
Community & HOA
Community
- Security: Varies By Unit
HOA
- Has HOA: Yes
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $212,217
- Annual tax amount: $22,000
- Date on market: 9/22/2026
- Cumulative days on market: 27 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Estimated market value
$1,096,500
$1.04M - $1.15M
$1,385/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Listed for sale | $1,150,000$140/sqft |
Source:  LBMLS #202613104 Report a problem | ||
| 5/13/2026 | Listing removed | $1,150,000$140/sqft |
Source: LBMLS #202600508 Report a problem | ||
| 1/12/2026 | Listed for sale | $1,150,000$140/sqft |
Source: LBMLS #202600508 Report a problem | ||
| 6/28/2025 | Listing removed | $1,595 |
Source: Zillow Rentals Report a problem | ||
| 5/17/2025 | Listed for rent | $1,595+2.9% |
Source: Zillow Rentals Report a problem | ||
| 7/18/2024 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 4/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/26/2023 | Listed for rent | $1,550 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,391 +3.4% | $212,217 +3.6% |
| 2024 | $4,248 +1.4% | $204,767 +2.9% |
| 2023 | $4,188 +665.2% | $199,046 +731.7% |
| 2022 | $547 | $23,933 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 79423
Nearby schools
Schools provided by the listing agent
- Elementary: Lubbock-Cooper East
- Middle: Lubbock-Cooper
- High: Cooper
Source: LBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
