1 / 26-Unit Multifamily in Slaton, TX
Lubbock County, TX · listed Sep 30, 2026 (27 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Slaton, TXNew construction | $3M | $300K$300K | 9%gy |
Lubbock, TX | $1.15M | $230K$230K | — |
Lubbock, TXValue-add | $425K | $53K$53K | — |
Lubbock, TXStabilized | $435K | $87K$87K | — |
Value-add | $550K | $69K$69K | 0% |
Lubbock, TXStabilized | $1.57M | $315K$315K | — |




