310 Homestead Avenue, Lubbock, TX 79416
$4,250,000













































Property Type:
Residential Income
Bedrooms:
3
Baths:
3
Square Footage:
28,324
Lot Size (sq. ft.):
51,096
Status:
Active
Current Price:
$4,250,000
List Date:
6/04/2025
Last Modified:
6/04/2025
Description
Seize the opportunity to invest in a newly constructed (2022) 17-unit townhome development located in the rapidly expanding northwest corridor of Lubbock, Texas. Positioned within the highly regarded Frenship Independent School District, this property offers both immediate rental income potential and long-term appreciation.
The complex boasts an excellent rental history and is currently fully occupied, underscoring the strong demand for quality housing in the area. Each unit features a modern, low-maintenance design with xeriscaped front yards and artificial turf backyards, providing visual appeal while minimizing upkeep and water use. The property is uniquely structured with individually platted units, allowing for flexibility in ownership—whether selling individual townhomes or maintaining the entire complex as a single investment.
The floorplans are thoughtfully designed with open-concept living areas, generous natural light, and high-quality finishes, making them attractive to both families and roommates. Residents enjoy easy access to the growing network of retail, dining, and entertainment venues emerging throughout Lubbock's northwest development path.
Lubbock continues to thrive as a key economic and cultural hub in West Texas. With a metro population exceeding 318,000 and anchored by institutions like Texas Tech University and its Health Sciences Center, the city offers strong housing demand and a resilient rental market. The consistent presence of students, healthcare professionals, and educators contributes to long-term stability and growth in the area.
Whether you're looking to diversify your portfolio or secure a turnkey asset in a growing community, this townhome complex presents a rare blend of modern design, operational ease, strong occupancy, and strategic location—making it a standout investment in the Lubbock market.
Supplements: ********
More Information MLS# 202555790
Contract Information
Current Price: $4,250,000
Original List Price: 4250000
List Price: $4,250,000
Status: Active
Listing Contract Date: 2025-06-04
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Quatro Locos LLC
List Price/SqFt: 150.05
Location Tax and Legal
Street Number: 310
Street Name: Homestead
Street Suffix: Avenue
County: Lubbock
State: TX
Postal Code: 79416
Zone: 8
General Property Information
Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: 1
Total Bathrooms: 3
Above Grade Finished Area: 28324
Above Grade Finished Area Source: Public Records
Living Area: 28324
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 2022
Year Built Source: Public Records
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Lot Size Acres: 1.173
Lot Size Square Feet: 51095.88
Lot Size Source: Public Records
Stories Total: 2
Fireplace YN: No
Remarks and Miscellaneous
Public Remarks: Seize the opportunity to invest in a newly constructed (2022) 17-unit townhome development located in the rapidly expanding northwest corridor of Lubbock, Texas. Positioned within the highly regarded Frenship Independent School District, this property offers both immediate rental income potential and long-term appreciation.
The complex boasts an excellent rental history and is currently fully occupied, underscoring the strong demand for quality housing in the area. Each unit features a modern, low-maintenance design with xeriscaped front yards and artificial turf backyards, providing visual appeal while minimizing upkeep and water use. The property is uniquely structured with individually platted units, allowing for flexibility in ownership—whether selling individual townhomes or maintaining the entire complex as a single investment.
The floorplans are thoughtfully designed with open-concept living areas, generous natural light, and high-quality finishes, making them attractive to both families and roommates. Residents enjoy easy access to the growing network of retail, dining, and entertainment venues emerging throughout Lubbock's northwest development path.
Lubbock continues to thrive as a key economic and cultural hub in West Texas. With a metro population exceeding 318,000 and anchored by institutions like Texas Tech University and its Health Sciences Center, the city offers strong housing demand and a resilient rental market. The consistent presence of students, healthcare professionals, and educators contributes to long-term stability and growth in the area.
Whether you're looking to diversify your portfolio or secure a turnkey asset in a growing community, this townhome complex presents a rare blend of modern design, operational ease, strong occupancy, and strategic location—making it a standout investment in the Lubbock market.
Status Change Information
Major Change Timestamp: 2025-06-04T20:25:25Z
Major Change Type: New Listing
Status Change Timestamp: 2025-06-04
Unit One
Unit Number: 1
Unit SqFt: 10274
Beds Total: 15
Baths Total: 15
Unit Actual Rent: 11070
Garage Spaces: 10
Parking Details: Attached
Fireplace YN: No
Unit Condition: Updated/Remodeled
Unit Description: Units 1-6
Unit Two
Unit Number: 2
Unit SqFt: 10274
Beds Total: 15
Baths Total: 15
Unit Actual Rent: 10070
Garage Spaces: 10
Parking Details: Attached
Fireplace YN: No
Unit Condition: Updated/Remodeled
Unit Description: Units 7-11
Unit Three
Unit Number: 3
Unit SqFt: 7828
Beds Total: 15
Baths Total: 15
Unit Actual Rent: 10770
Garage Spaces: 2
Parking Details: Attached
Fireplace YN: No
Unit Condition: Updated/Remodeled
Unit Description: Units 12-17
Title Company Information
Title Company: LubbockAbstract 82nd
Title Company Address: 4505 82nd Street, Suite 1 Lubbock, TX 79424
Title Company Fax: (806) 798-9805
Title Company Phone: (806) 798-9800
Property Features
Appliances: Dishwasher; Electric Oven; Refrigerator; Stainless Steel Appliance(s)
Architectural Style: Contemporary
Construction Materials: Brick; Stone; Stucco
Cooling: Ceiling Fan(s); Central Air; Electric
Exterior Features: Private Yard
Fencing: Back Yard; Fenced
Flooring: Carpet; Tile
Foundation Details: Slab
Heating: Central; Natural Gas
Interior Features: Breakfast Bar; Ceiling Fan(s); Double Vanity; Eat-in Kitchen; High Ceilings; Kitchen Island; Open Floorplan; Pantry; Quartz Counters; Walk-In Closet(s)
Laundry Features: Electric Dryer Hookup; Laundry Room; Washer Hookup
Lease Term Options: 12 Months; Negotiable
Listing Terms: Cash; Conventional
Lot Features: Back Yard; Landscaped; Native Plants
Parking Features: Attached; Driveway; Garage; Garage Faces Front; Private
Patio And Porch Features: Covered; Front Porch; Patio
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Concrete; Paved
Roof: Composition
Security Features: None
Sewer: Public Sewer
Tenant Pays: Electricity; Gas; Internet; Water
Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available
Water Source: Public
Showing Considerations: Pet(s) on Premises
Documents: Survey
Documents
Listing Office: Williams & Company Real Estate
Listing Agent: Dan Williams
Last Updated: June - 04 - 2025
Information deemed reliable but not guaranteed.