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)
Pending
Price cut: $60K (6/3)
$225,000
312 E 34th St, Lubbock, TX 79404
23beds
10,568sqft
Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$21/sqft
$-- HOA
What's special
- 119 days |
- 59 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Tomas Rodriguez TREC #0787075 361-816-3661,
Southern Magnolia Real Estate
Source: LBMLS,MLS#: 202603089
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 23
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Electric
Cooling
- Other
Features
- Flooring: Tile
Interior area
- Total structure area: 10,568
- Total interior livable area: 10,568 sqft
- Finished area above ground: 10,568
Property
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Features
- Fencing: Chain Link
Lot
- Size: 0.97 Acres
Details
- Parcel number: R70294
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
Condition
- Fixer
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Sewer Connected, Water Available
Community & HOA
Community
- Security: See Remarks
HOA
- Has HOA: No
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $21/sqft
- Annual tax amount: $3,266
- Date on market: 3/9/2026
- Cumulative days on market: 96 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Other
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$731/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Pending sale | $225,000$21/sqft |
Source: | ||
| 6/3/2026 | Price change | $225,000-21.1%$21/sqft |
Source: | ||
| 3/28/2026 | Price change | $285,000+14%$27/sqft |
Source: | ||
| 3/9/2026 | Listed for sale | $250,000+16.3%$24/sqft |
Source: | ||
| 6/2/2025 | Listing removed | $510 |
Source: Zillow Rentals Report a problem | ||
| 2/14/2025 | Listed for rent | $510-21.5% |
Source: Zillow Rentals Report a problem | ||
| 8/10/2021 | Sold | -- |
Source: EXIT Realty solds #1578185390279098127 Report a problem | ||
| 6/24/2021 | Contingent | $215,000$20/sqft |
Source: | ||
| 5/28/2021 | Listed for sale | $215,000$20/sqft |
Source: | ||
| 4/28/2021 | Listing removed | -- |
Source: | ||
| 4/27/2021 | Contingent | $215,000$20/sqft |
Source: | ||
| 2/4/2021 | Listed for sale | $215,000$20/sqft |
Source: | ||
| 1/14/2021 | Pending sale | $215,000$20/sqft |
Source: EXIT REALTY OF LUBBOCK #201907275 Report a problem | ||
| 1/8/2021 | Contingent | $215,000$20/sqft |
Source: | ||
| 11/15/2019 | Price change | $215,000-4.4%$20/sqft |
Source: Exit Realty of Lubbock #201907275 Report a problem | ||
| 8/5/2019 | Listed for sale | $225,000-27.4%$21/sqft |
Source: Exit Realty of Lubbock #201907275 Report a problem | ||
| 1/13/2016 | Listing removed | $650 |
Source: Owner Report a problem | ||
| 12/14/2015 | Listed for rent | $650 |
Source: Owner Report a problem | ||
| 10/1/2014 | Listing removed | $310,000$29/sqft |
Source: Keller Williams Realty #201401064 Report a problem | ||
| 5/2/2014 | Price change | $310,000+8.8%$29/sqft |
Source: Keller Williams - Lubbock #201401064 Report a problem | ||
| 2/16/2014 | Listed for sale | $285,000-27.8%$27/sqft |
Source: Owner Report a problem | ||
| 7/23/2012 | Listing removed | $395,000$37/sqft |
Source: Owner Report a problem | ||
| 5/24/2012 | Listed for sale | $395,000$37/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 79404
Nearby schools
GreatSchools rating
- 4/10Harwell Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 2/10Dunbar College Preparatory AcademyGrades: 6-8Distance: 1.1 mi
- 2/10Estacado High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Ervin
- Middle: Dunbar College Preparatory Academy
- High: Estacado
Source: LBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Lubbock County
- Lubbock
- 79404
- 312 E 34th St

