Investment opportunity at 2320 Colgate St. , Lubbock, TX 79415. This fully occupied property is generating $3,310 in gross monthly rent and offers immediate income for an investor seeking a stabilized asset. The property is currently 100% occupied, with utilities structured as all bills paid up to $150 per unit. This is a strong opportunity for an investor looking to add a cash-flowing property to their portfolio in an established area of Lubbock.
Multi-familyProperty Type
1955Year Built
10,406 sq ftLot Size
Listed by Houston Garrett• Keller Williams Realty
Bought with Houston Garrett• Keller Williams Realty
The purpose of this zoning district and subdivision type is to provide for: Conventional: Single-family detached, cottage, or garden homes on public utilities with open space provided on private lots.; Village: Mixed housing types, including townhouses, detached single-family garden homes, and low- to mid-rise apartments, located in a planned development or adjacent to a mixed-use district or center. Buildings are typically in close proximity to the street edge. The building mass, height, and scale transition to the neighboring land uses.; Mixed-Use: Mid- to high-rise apartment development in a mixed-use district or center. The district consists of detached single-family garden homes, live-work buildings, and other vertically mixed-use buildings. Urban open space may be used for plazas and squares.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Housing-Student
Infrastructure
Water cleansing
Storage
And conveyance
Fire house
Police station
Recreation
Park & open space
Jul 13, 2021 • Final
Residential - replacement roof
Roofing
Apr 8, 2021 • Final
Utility construction - under 25 ft
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking/Garage Information
Parking Features: Parking Lot
Interior
Bathroom Information
# of Full Bathrooms: 5
Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s)
Has Heating
Heating: Electric
Interior Features
Flooring: Tile, Vinyl
Exterior
Exterior Features
Fencing: Fenced, Back Yard
Building Information
Sq. Ft.: 3212.0
Above Grade Finished Area: 3,212
Construction Materials: Block, Concrete
Foundation Details: Concrete Perimeter
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi Family
Lot Information
Lot Features: Back Yard
Road Surface Type: Asphalt
Road Responsibility: Public Maintained Road
Road Frontage Type: City Street
Lot Size : 0.24
Lot Size Area: 0.24
Lot Size Units: Acres
Lot Size Acres: 0.24
Financial
Tax Information
Tax Annual Amount: $3,073
Utilities
Utility Information
Water Source: Public
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Location
Schools Information
Elementary School: Carmona-Harrison
Middle Or Junior School: Cavazos
High School District: Lubbock ISD
High School: Lubbock
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,108
Stories: —
Lot Size: 10,406 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1955
Year Renovated: 1955
County: Lubbock County
APN: R47027
Home facts updated by county records on Aug 20, 2026
Around this home
Schools
Carmona-Harrison Elementary School
Public PreK-5 • Assigned • 0.5mi
4/10
Cavazos Middle School
Public 6-8 • Assigned • 0.1mi
5/10
Lubbock High School
Public 9-12 • Assigned • 1.7mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 100° expected this year, 21 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lubbock, TX • 79415
Average low and high temperatures (°F)
51
26
65
34
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44
77
53
84
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91
68
92
71
92
69
85
63
81
55
67
42
63
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Lubbock. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.