# 1608 59th Street, Lubbock, TX 79412

> **TL;DR:** 8bd/8ba residential multi family, $480,000 ($88/sqft), built 1972, 5,472 sqft.
> A/C. Est. $2,080/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $480,000 |
| Price/sqft | $88 |
| Bedrooms | 8 |
| Bathrooms | 8 full |
| Square Feet | 5,472 |
| Year Built | 1972 |
| Lot Size | 11,761 sqft (0.27 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,080 |
| **Total** | **$2,080** |

## Nearby Schools

- **Elementary:** Bayless
- **Middle:** Atkins
- **High:** Monterey

## Key Amenities

- A/C

## Property Highlights

- Built in 1972
- 0.27 acre lot
- 2 stories

## Description

### Agent Description
8-Unit Multifamily Investment Opportunity Excellent value-add multifamily opportunity featuring 8 apartment-style units, each offering 1 bedroom and 1 bathroom. This property provides strong cash-flow potential with room for increased rents and additional income opportunities. Current rents range from $500-$625 per month, while comparable units in the area are leasing for $700-$725 per month, creating an attractive upside for investors looking to improve revenue through modest rent adjustments and operational improvements. Each tenant pays their own electricity, helping reduce owner expenses. Water is currently paid by the property, but a water reimbursement or utility bill-back program could be implemented to further increase net operating income. With market rent adjustments and minor operational improvements, the property has the potential to generate approximately $75,000 in annual gross rental income. Property Highlights: 8 total units 1 bedroom / 1 bathroom units Current rents: $500-$625/month Market rents: $700-$725/month Tenants pay electricity Opportunity to bill back water expenses Value-add investment with income growth potential This is an excellent opportunity for investors seeking a stable multifamily asset with significant upside in rental income.

## Location

- **Address:** 1608 59th Street, Lubbock, TX 79412
- **County:** Lubbock
- **Coordinates:** 33.540909, -101.853963
- **Google Maps:** https://www.google.com/maps?q=33.540909,-101.853963

## Listing Agent

- **Name:** Tomas Rodriguez
- **Brokerage:** Southern Magnolia Real Estate
- **Phone:** 3618163661
- **Email:** running.trod@gmail.com

## Primary Photo

![1608 59th Street - Primary Photo](http://lh.rdcpix.com/44ecbad971463b5285b978dd18e3bbb0l-f2772358779r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.com/listing/1608-59th-street-lubbock-tx-79412-02603056)*

---

**MLS#:** 202603056 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1608-59th-street-lubbock-tx-79412-02603056)

---

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