2544 137th Street, Lubbock, TX 79423
$1,150,000
Property Type:
Residential Income
Bedrooms:
3
Baths:
3
Square Footage:
8,280
Lot Size (sq. ft.):
2,875
Status:
Active
Current Price:
$1,150,000
List Date:
9/29/2025
Last Modified:
11/20/2025
Description
An incredible opportunity to own a 5-unit townhome investment property in highly desirable South Lubbock within Lubbock-Cooper ISD. These townhomes combine modern design, low-maintenance living, and strong rental appeal—making them the perfect addition to any portfolio. This property features two 3-bedroom, 2-bath units and three 3-bedroom, 2.5-bath units—all complete with a one-car garage. Inside, each townhome offers a spacious layout with beautiful interior finishes that tenants love. Outside, the homes are designed for durability and convenience with turf in both the front and back yards, reducing maintenance costs while providing year-round curb appeal. Located in a growing area of South Lubbock, these townhomes are just minutes from shopping, dining, and schools—making them highly attractive to renters. With their modern finishes, practical design, and low-maintenance features, this property is a turnkey investment in one of Lubbock's most sought-after school districts.Don't miss this rare opportunity—schedule a private showing today!
Supplements: ********
More Information MLS# 202561154
Contract Information
Current Price: $1,150,000
Original List Price: 1175000
List Price: $1,150,000
Status: Active
Listing Contract Date: 2025-09-29
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Fallen Oaks Investments, LLC
List Price/SqFt: 138.89
Location Tax and Legal
Street Number: 2544
Street Name: 137th
Street Suffix: Street
County: Lubbock
State: TX
Postal Code: 79423
Zone: 11
General Property Information
Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: 1
Total Bathrooms: 3
Above Grade Finished Area: 8280
Above Grade Finished Area Source: Builder
Living Area: 8280
Living Area Source: Builder
Accessibility Features YN: No
Year Built: 2023
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 5
Lot Size Acres: 0.066
Lot Size Square Feet: 2874.96
Lot Size Source: Builder
Stories Total: 2
Remarks and Miscellaneous
Public Remarks: An incredible opportunity to own a 5-unit townhome investment property in highly desirable South Lubbock within Lubbock-Cooper ISD. These townhomes combine modern design, low-maintenance living, and strong rental appeal—making them the perfect addition to any portfolio. This property features two 3-bedroom, 2-bath units and three 3-bedroom, 2.5-bath units—all complete with a one-car garage. Inside, each townhome offers a spacious layout with beautiful interior finishes that tenants love. Outside, the homes are designed for durability and convenience with turf in both the front and back yards, reducing maintenance costs while providing year-round curb appeal. Located in a growing area of South Lubbock, these townhomes are just minutes from shopping, dining, and schools—making them highly attractive to renters. With their modern finishes, practical design, and low-maintenance features, this property is a turnkey investment in one of Lubbock's most sought-after school districts.Don't miss this rare opportunity—schedule a private showing today!
Status Change Information
Major Change Timestamp: 2025-11-20T14:40:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-11-20T14:40:47Z
Status Change Timestamp: 2025-09-29
Unit Details
Number Of Units Leased: 3
Unit One
Unit Number: 2544
Unit SqFt: 1501
Beds Total: 3
Baths Total: 2
Unit Actual Rent: 1599
Garage Spaces: 1
Unit Description: lease ends 5/31/26
Unit Two
Unit Number: 2546
Unit SqFt: 1755
Beds Total: 3
Baths Total: 2
Unit Actual Rent: 1795
Garage Spaces: 1
Unit Description: VACANT
Unit Three
Unit Number: 2548
Unit SqFt: 1755
Beds Total: 3
Baths Total: 2
Unit Actual Rent: 1795
Garage Spaces: 1
Unit Description: VACANT
Unit Four
Unit Number: 2550
Unit SqFt: 1755
Beds Total: 3
Baths Total: 2
Unit Actual Rent: 1795
Garage Spaces: 1
Unit Description: lease ends 5/31/26
Unit Five
Unit Number: 2552
Unit SqFt: 1514
Beds Total: 3
Baths Total: 2
Garage Spaces: 1
Unit Description: lease ends 8/31/26
Title Company Information
Title Company: Title One
Title Company Address: 6102 82nd St. #11 Lubbock, TX 79424
Title Company Fax: (806) 771-0663
Title Company Phone: (806) 771-7770
Property Features
Appliances: Dishwasher; Disposal; Microwave; Refrigerator
Architectural Style: Traditional
Construction Materials: Brick; Vinyl Siding
Cooling: Ceiling Fan(s); Electric
Fencing: Back Yard; Fenced
Flooring: Carpet; Vinyl
Foundation Details: Slab
Heating: Central
Interior Features: Ceiling Fan(s); Granite Counters; Kitchen Island; Pantry
Laundry Features: Laundry Room
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Attached; Garage
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition
Security Features: None
Showing Considerations: See Remarks
Listing Office: Keller Williams Realty
Listing Agent: Jennifer Colley
Last Updated: November - 20 - 2025
Information deemed reliable but not guaranteed.