# 501 Plaza Drive, Slaton, TX 79364

> **TL;DR:** commercial, $1,200,000 ($54/sqft), built 1966, 22,368 sqft. Est. $6,418/mo. Listed 136 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Price/sqft | $54 |
| Square Feet | 22,368 |
| Year Built | 1966 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 136 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,068 |
| Estimated Insurance | $350 |
| **Total** | **$6,418** |

## Nearby Schools

- **Middle:** Slaton
- **High:** Slaton

## Property Highlights

- Built in 1966
- 0.12 acre lot

## Description

### Agent Description
The Plaza is a 24 unit apartment community made up of 12 one story duplexes. They are all 2 Bed / 1 Bath units, with washer/dryer connections in each unit. They have strong current occupancy and there is room for rent increases. Property manager says they haven't raised rents in 5 years. Rents are about $135 below the 2 bedroom units in the apartment complex nearby. There is also an opportunity to reduce the utility costs and start billing back the water to the residents. The current water bill is about 2 times higher than the expense comps we have for the area. Good operational improvements will drive higher returns for the new owner.

## Location

- **Address:** 501 Plaza Drive, Slaton, TX 79364
- **County:** Lubbock
- **Coordinates:** 33.434139, -101.659362
- **Google Maps:** https://www.google.com/maps?q=33.434139,-101.659362

## Listing Agent

- **Name:** Greg Brownd · **License:** 0596497
- **Brokerage:** Keller Williams Realty
- **Broker Phone:** (806) 771-7710

## Photos

![501 Plaza Drive - Photo 1](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2048523672r.jpg)

![501 Plaza Drive - Photo 2](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2044975696r.jpg)

![501 Plaza Drive - Photo 3](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2059199581r.jpg)

![501 Plaza Drive - Photo 4](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2059199581r.jpg)

![501 Plaza Drive - Photo 5](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2192651161r.jpg)

![501 Plaza Drive - Photo 6](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3324568432r.jpg)

![501 Plaza Drive - Photo 7](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f90641846r.jpg)

![501 Plaza Drive - Photo 8](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f152504259r.jpg)

![501 Plaza Drive - Photo 9](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1243299758r.jpg)

![501 Plaza Drive - Photo 10](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f4061378348r.jpg)

![501 Plaza Drive - Photo 11](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2760770035r.jpg)

![501 Plaza Drive - Photo 12](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1533121038r.jpg)

![501 Plaza Drive - Photo 13](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1545223762r.jpg)

![501 Plaza Drive - Photo 14](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f583285550r.jpg)

![501 Plaza Drive - Photo 15](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3898425961r.jpg)

![501 Plaza Drive - Photo 16](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f4126608255r.jpg)

![501 Plaza Drive - Photo 17](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2597393520r.jpg)

![501 Plaza Drive - Photo 18](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f625778826r.jpg)

![501 Plaza Drive - Photo 19](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1844325650r.jpg)

![501 Plaza Drive - Photo 20](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3361286036r.jpg)

![501 Plaza Drive - Photo 21](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3758360954r.jpg)

![501 Plaza Drive - Photo 22](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2479348165r.jpg)

![501 Plaza Drive - Photo 23](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2511843467r.jpg)

![501 Plaza Drive - Photo 24](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2439928220r.jpg)

![501 Plaza Drive - Photo 25](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2776117848r.jpg)

![501 Plaza Drive - Photo 26](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2333040864r.jpg)

![501 Plaza Drive - Photo 27](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f455212280r.jpg)

![501 Plaza Drive - Photo 28](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2378401215r.jpg)

![501 Plaza Drive - Photo 29](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f483449608r.jpg)

![501 Plaza Drive - Photo 30](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1632412864r.jpg)

![501 Plaza Drive - Photo 31](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3475769283r.jpg)

![501 Plaza Drive - Photo 32](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f262030999r.jpg)

![501 Plaza Drive - Photo 33](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3612148629r.jpg)

![501 Plaza Drive - Photo 34](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3075761371r.jpg)

![501 Plaza Drive - Photo 35](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2284474612r.jpg)

![501 Plaza Drive - Photo 36](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2585354441r.jpg)

![501 Plaza Drive - Photo 37](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3879978814r.jpg)

![501 Plaza Drive - Photo 38](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3992345318r.jpg)

![501 Plaza Drive - Photo 39](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f715126895r.jpg)

![501 Plaza Drive - Photo 40](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f517281967r.jpg)

![501 Plaza Drive - Photo 41](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f653581781r.jpg)

![501 Plaza Drive - Photo 42](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2130137019r.jpg)

![501 Plaza Drive - Photo 43](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3773605699r.jpg)

![501 Plaza Drive - Photo 44](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f793986651r.jpg)

![501 Plaza Drive - Photo 45](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f875401366r.jpg)

![501 Plaza Drive - Photo 46](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3788320086r.jpg)

![501 Plaza Drive - Photo 47](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2727807145r.jpg)

![501 Plaza Drive - Photo 48](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f3952079054r.jpg)

![501 Plaza Drive - Photo 49](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1385699828r.jpg)

![501 Plaza Drive - Photo 50](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f650502647r.jpg)

![501 Plaza Drive - Photo 51](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f4137597138r.jpg)

![501 Plaza Drive - Photo 52](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2112051084r.jpg)

![501 Plaza Drive - Photo 53](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f4270359301r.jpg)

![501 Plaza Drive - Photo 54](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1989294775r.jpg)

![501 Plaza Drive - Photo 55](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f1529273465r.jpg)

![501 Plaza Drive - Photo 56](http://lh.rdcpix.com/be25d3b8aff00ccd02ae92f434ff0525l-f2301058332r.jpg)

---

**MLS#:** 202608218 | **Updated:** 2026-10-20
**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.ai/listing/501-plaza-drive-slaton-tx-79364-159ff3a3fab3406c9c8ba64b8d0039e6)

---

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