NewStabilized
$1,200,000
8-Unit Multifamily in Lubbock, TX
Lubbock County, TX · listed Oct 14, 2026 (13 days)
Price per unit compared
This property$150K
Within ~40 mi (16)$87K
Texas median (1,029)$100K
- $/unit
- $150,000
- ▲ 50% vs TX · 73rd pct
- Cap rate
- 6.6%
- ▼ 0.7 pts vs TX median
- NOI
- $79K
- $9,877/unit/yr
- Units
- 8
- 4 bldg · 2003
Financials
- Asking price
- $1,200,000
- Price per unit
- $150,000
- Price per sq ft
- $107
- Gross rent / year
- Not stated
- Net operating income
- $79,012
- NOI per unit
- $9,877
- Cap rate
- 6.6%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 4
- Year built
- 2003
- Building size
- 11,169 sq ft
- Avg unit size
- 1,396 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 #
- 2209
About this property
100% Occupied | South Lubbock | Professionally Managed
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Lubbock, TXNewStabilized | $2.6M | $144K$144K | 6.5% |
| Lubbock, TX NewStabilized | $1.4M | $140K$140K | 6.3% |
 Lubbock, TXValue-add | $999K | $100K$100K | — |
 Lubbock, TX | $1.15M | $230K$230K | — |
 Lubbock, TXStabilized | $1.57M | $315K$315K | — |
 Lubbock, TXValue-add | $425K | $53K$53K | — |