1305 S 9th Street, Slaton, TX 79364

About this home

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.