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  • Properties
    • Current Listings
    • Secondary Markets
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135Indiana

Lubbock, 

TX

135Indiana

Under Contract
  • Address:
  • 13510 Indiana Avenue
  • Location:
  • Lubbock,
  • TX
  • 79423
  • Units:
  • 204
  • Year Built:
  • 2022

Investment Overview

Price: $29,000,000
5-Year Return on Equity: +3.23
5-Year IRR: 29.48%
Going-In Tax Adjusted Cap Rate: 6.30%

Brand New Turnkey Asset
Owner Developed and Owner Managed

94 Percent Occupied with No Concessions
Full Income Potential Now Available

Install Stainless Steel Appliances and Smart Home Features
Increase Income Potential through Unit Upgrades

Opportunity to Increase Rents
Raise Rents to Meet Market Standard

Desirable Floor Plans with Luxury Features
Two-Story Townhomes and Spacious Lofts

13510 Indiana Avenue, Lubbock, Texas 79423, USA

Exclusively Listed By

Trey Green

Associate
Secondary Market Specialist
(817) 932-6173 direct
Send Email
License: TX 750575

John McGregor

First Vice President
Secondary Market Specialist
(972) 755-5194 direct
Send Email
License: TX 646474

Matt Aslan

First Vice President
Secondary Market Specialist
(972) 755-5275 direct
Send Email
License: TX 679950

Nick Fluellen, CCIM

Executive Managing Director
(972) 755-5214 direct
Send Email
License: TX 0521943

Bard Hoover

Senior Managing Director
(972) 755-5216 direct
Send Email
License: TX 610697

John Brickson

Managing Director
Capital Markets
(972) 755-5269 direct
Send Email
  • Properties
    • Current Listings
    • Secondary Markets
    • 75 Units & Under (DFW)
  • Our Team
  • Our Process
  • Recent Closings
  • Contact
  • Properties
    • Current Listings
    • Secondary Markets
    • 75 Units & Under (DFW)
  • Our Team
  • Our Process
  • Recent Closings
  • Contact
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(972) 755-5264

5001 Spring Valley Road, Suite 1100W | Dallas, Texas 75244

© 2025 Multifamily Advisors. All Rights Reserved.

The representations contained on this website are provided based on information deemed reliable though has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction. Marcus & Millichap Real Estate Investment Services’s name and logo are used herein for informational purposes only. Nick Fluellen and Fluellen Group, LLC are licensed real estate brokers in the state of Texas. Bard Hoover, Wes Racht, David Fersing, Sam Pettigrew, Kevin Parrish, Joey Murry, Roman Cave, Matt Aslan, John McGregor, Alec Schenk, Trey Green, Evan De Blanc, Dylan Limjuco, Blake Burnett, Chris Pearson, Garret Nelson, Shaun Kennedy, and Nila Neik are licensed salespersons in the state of Texas and affiliated with and sponsored by Marcus & Millichap Real Estate Investment Services, Inc.

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