NewStabilized
$2,600,000
18-Unit Multifamily in Lubbock, TX
Lubbock County, TX · listed Oct 14, 2026 (13 days)
Price per unit compared
This property$144K
Within ~40 mi (16)$87K
Texas median (1,029)$100K
- $/unit
- $144,444
- ▲ 44% vs TX · 72nd pct
- Cap rate
- 6.5%
- ▼ 0.9 pts vs TX median
- NOI
- $168K
- $9,330/unit/yr
- Units
- 18
- 9 bldg · 2003
Financials
- Asking price
- $2,600,000
- Price per unit
- $144,444
- Price per sq ft
- $105
- Gross rent / year
- Not stated
- Net operating income
- $167,945
- NOI per unit
- $9,330
- Cap rate
- 6.5%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 18
- Unit mix
- Not stated
- Buildings
- 9
- Year built
- 2003
- Building size
- 24,878 sq ft
- Avg unit size
- 1,382 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 14, 2026
- Days on market
- 13 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2228
About this property
South Lubbock Duplexes | Great Locations | 100% Occupied | 1031 Ready
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Lubbock, TXNewStabilized | $1.2M | $150K$150K | 6.6% |
| Lubbock, TX NewStabilized | $1.4M | $140K$140K | 6.3% |
 Lubbock, TXValue-add | $999K | $100K$100K | — |
 Lubbock, TXNew | $785K | $49K$49K | — |
 Lubbock, TXStabilized | $1.57M | $315K$315K | — |
 Lubbock, TXHigh yieldStabilized | $949K | $73K$73K | 7.8% |