MULTIFAMILYRADAR
5-Unit Multifamily in Lubbock, TX, photo 1
$1,150,000

5-Unit Multifamily in Lubbock, TX

TX · listed Sep 22, 2026 (36 days)

Price per unit compared
This property$230K
Within ~40 mi (14)$71K
Texas median (1,196)$92K
$/unit
$230,000
▲ 150% vs TX · 90th pct
Cap rate
—
 
Gross yield
—
 
Units
5
2022

Financials

Asking price
$1,150,000
Price per unit
$230,000
Price per sq ft
$140
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
three 3-bedroom, 2.5-bath units and two 3-bedroom, 2-bath units
Buildings
Not stated
Year built
2022
Building size
8,215 sq ft
Avg unit size
1,643 sq ft
Lot size
Not stated
Condition
Not stated

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 #
2094

About this property

Turnkey Five-Unit Townhome Investment in South Lubbock - 2534, 2536, 2538, 2540, (address on request) Positioned in a growing area of South Lubbock, (address on request) presents a compelling multifamily investment opportunity featuring five modern townhome units built in 2022. The property consists of three 3-bedroom, 2.5-bath units and two 3-bedroom, 2-bath units. Each unit features a one-car garage, private driveway, and access to additional street parking. Interior finishes include granite countertops and luxury vinyl plank flooring, while low-maintenance turf helps reduce exterior upkeep. Located within walking distance of Lubbock-Cooper East Elementary School, this provides a strong opportunity to acquire a newer multifamily asset with modern finishes and multiple income-producing units in one of South Lubbock's growing areas. Buyer and buyer's agent to independently verify all measurements, financial information, occupancy, schools, zoning, and other property details.

Location

Approximate area. The exact address is shared on request.

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