MULTIFAMILYRADAR
6-Unit Multifamily in Slaton, TX, photo 11 / 2
Stabilized
$349,000

6-Unit Multifamily in Slaton, TX

Lubbock County, TX · listed Sep 30, 2026 (27 days)

Price per unit compared
This property$58K
Within ~40 mi (13)$87K
Texas median (1,196)$92K
$/unit
$58,167
▼ 37% vs TX · 21st pct
Cap rate
7.7%
▲ 0.3 pts vs TX median
NOI
$27K
$4,469/unit/yr
Units
6
2 bldg · 1945

Financials

Asking price
$349,000
Price per unit
$58,167
Price per sq ft
$111
Gross rent / year
Not stated
Net operating income
$26,811
NOI per unit
$4,469
Cap rate
7.7%
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
Five one-bedroom units (400-500 SF) and one two-bedroom unit (840 SF)
Buildings
2
Year built
1945
Building size
3,140 sq ft
Avg unit size
523 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 30, 2026
Days on market
27 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1099

About this property

Fully occupied. All six units were leased as of September 30, 2026. Staggered lease expirations. All six current leases expire between December 2026 and September 2028, so rollover is spread out over time. Affordable, efficient unit mix. Five one-bedroom units (400-500 SF) and one two-bedroom unit (840 SF), with rents from $585 to $899 per month. In-place rents close to market. Current rents are within 2% of market rents on the rent roll. Reported average one-bedroom rent in Slaton was about $648 in December 2024, in line with this property's one-bedroom rents. Convenient location. Slaton sits along U. S. Highway 84, about 15 miles from Lubbock and its employment base. Professionally managed with a full year of documented operating expenses.

Location

Approximate area. The exact address is shared on request.

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