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1305 S 9th Street, Slaton, TX 79364

$349,000
: 7
BD
: 6
BA
: 3,140
SqFt

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List Price: $349,000
MLS#: 202613585
Status: ACTIVE
Year Built: 1945
Type: Multifamily
Bedrooms: 7
Bathrooms: 6
Living Area: 3,140
Lot Size: 21,000
County: Lubbock
City: Slaton
Legal Description: South Slaton Blk 89 L 1 Thru 3

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Property Description

Fully occupied. All six units were leased as of September 30, 2026. Staggered lease expirations. All six current leases expire between December 2026 and September 2028, so rollover is spread out over time. Affordable, efficient unit mix. Five one-bedroom units (400-500 SF) and one two-bedroom unit (840 SF), with rents from $585 to $899 per month. In-place rents close to market. Current rents are within 2% of market rents on the rent roll. Reported average one-bedroom rent in Slaton was about $648 in December 2024, in line with this property's one-bedroom rents. Convenient location. Slaton sits along U.S. Highway 84, about 15 miles from Lubbock and its employment base. Professionally managed with a full year of documented operating expenses.

(806) 450-0545

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Additional Information

Taxes: $3,178
Heating: Other
Cooling: Ceiling Fan(s)
Foundation: Pillar/Post/Pier, Slab
Garage Spaces: 2
School District: Slaton ISD
Middle School: Slaton
High School: Slaton