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    2320 Colgate St Lubbock, TX 79415

    New
    For Sale
    $215,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    3,108 SF
    Lot size:
    0.24 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 9 at 11:06 pm

    Property Features for 2320 Colgate St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    5
    Bathrooms
    5
    APN
    R47027
    Parking features
    On Street
    Size
    3,108 SF
    Lot size
    0.24 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1955
    Building materials
    Brick, Vinyl Siding

    Wise Cardinal Realty (806) 782-5303

    Listing agent Justin Waddell (806) 632-3725 License #0832656

    Listing date Dec 5, 2025

    MLS# 202563136 Listing URL

    Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lubbock Five-Plex Near Texas Tech

    This multifamily property in Lubbock, Texas, presents a rare opportunity to acquire a five-plex in close proximity to Texas Tech University. The property features five individual units, each containing one bedroom and one bathroom, designed for comfortable and efficient living. The location provides easy access to the Texas Tech campus, local dining, retail establishments, and major thoroughfares within Lubbock. The property is situated on a 0.24-acre lot. The building has a total area of 3,108 square feet. This configuration is hard to find in a location that continues to perform, making it well-suited for investors seeking stable cash flow or portfolio expansion in one of Lubbock's most consistently rented corridors. The property is located in the 79415 postal code area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.868105
    Latitude
    33.602655

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property near Texas Tech, ideal for investors.
    Where is this apartment building located?
    The property is located at 2320 Colgate St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Five-plex property near Texas Tech University.; - Five individual 1-bedroom, 1-bathroom units.; - Ideal for investors seeking stable cash flow.
    (806) 632-3725
    Request Owner's contact information
    2320 Colgate St Lubbock, TX 79415
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    Lubbock, TX 79415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2320 Colgate St Lubbock, TX 79415
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