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5202 Bangor AveLubbock, TX 79414
Westlake Apartments
Asset ClassMultifamily
# Units115
Year Built: 1973# Buildings: 5AVG SF: 903Access Data Room
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Overview

Westlake Apartments is a recently renovated apartment community located in South Lubbock's premier retail corridor at 5202 Bangor Avenue. The property offers a mix of one- and two-bedroom floorplans designed to capture diverse renter demographics including university affiliates, medical professionals, and retail workforce populations.

 

Recent capital improvements include comprehensive unit renovations with luxury vinyl flooring, stainless steel appliance packages, in-unit washer and dryer installations (select units), and designer finishes that command premium rental rates in the submarket.

 

Units feature central air conditioning, in-unit fireplaces (select homes), private balconies, walk-in closets, and full-size kitchens with dishwashers and garbage disposals. Community amenities include a swimming pool (9-foot depth), barbecue and picnic areas, on-site management, and 24/7 maintenance services.

 

Located within a 10-minute drive to both Texas Tech University and Lubbock Medical Center, the property benefits from immediate walking access to high-traffic dining and major retailers including Target, Costco, and South Plains Mall. Westlake's positioning in South Lubbock's expanding retail and residential corridor creates a stable cash-flowing asset with demonstrated resilience across market cycles.

 

The combination of recent renovations, prime location, and diversified demand drivers positions Westlake as a value-add opportunity with strong potential for rental growth and long-term appreciation.

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Investment Highlights

  • Significant Value-Add Opportunity Through Continued Interior Renovations
  • Limited New Supply in Immediate South Lubbock Submarket
  • Strong Rental Demographics Serving Texas Tech Students, Medical Professionals, and Retail Workforce
  • Prime South Lubbock Location at 5202 Bangor Avenue with High Visibility and Direct Access to Major Employers
  • Close Proximity to Texas Tech University and Lubbock Medical Center
  • Established Retail Hub, Walking Distance to High-Traffic Dining and Shopping Destinations
  • Premium Amenities Including Swimming Pool (9-Foot Depth), Barbecue Areas, and Professional On-Site Management
  • Select Units Feature In-Unit Washers/Dryers, Private Balconies, Fireplaces, and Walk-In Closets
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5202 Bangor AveLubbock, TX 79414

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Listing provided by Revere CRE