MULTIFAMILYRADAR
5-Unit Multifamily in Lubbock, TX, photo 1
Stabilized
$1,575,000

5-Unit Multifamily in Lubbock, TX

TX · listed Sep 22, 2026 (36 days)

Price per unit compared
This property$315K
Within ~40 mi (14)$71K
Texas median (1,196)$92K
$/unit
$315,000
▲ 242% vs TX · 95th pct
Cap rate
—
 
Gross yield
—
 
Units
5
2018

Financials

Asking price
$1,575,000
Price per unit
$315,000
Price per sq ft
$141
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
Not stated
Buildings
Not stated
Year built
2018
Building size
11,170 sq ft
Avg unit size
2,234 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 22, 2026
Days on market
36 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1912

About this property

Discover an incredible investment opportunity just minutes from TTU! This fully leased 5-unit complex combines comfort, convenience, and modern style with established rental income already in place. Each unit features 4 bedrooms and 4.5 bathrooms, offering plenty of private space for each resident while maintaining an inviting, open-concept layout. Thoughtfully designed balconies provide outdoor living space, and every unit comes equipped with a washer/dryer and refrigerator. Located close to campus, shopping, dining, and entertainment, this property offers the lifestyle today's renters crave in a highly desirable rental location. Whether you're building your portfolio or searching for a turn-key investment opportunity, this fully leased property offers an exceptional opportunity near Texas Tech. Call today for more information or to set up a private showing!

Location

Approximate area. The exact address is shared on request.

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