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    3508 E Colgate St Lubbock, TX 79403

    For Sale
    $465,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    5,406 SF
    Lot size:
    0.88 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 3508 E Colgate St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 5, Bedroom 13, Bathroom 1, Bathroom 6, Bedroom 11, Bedroom 9, Bathroom 2, Bedroom 3, Bedroom 10, Bathroom 8, Bathroom 7, Bathroom 9, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 1, Bedroom 12, Bedroom 4, Bedroom 15, Bathroom 4, Bathroom 10, Bedroom 14, Bedroom 2
    Bedrooms
    15
    APN
    R133682, R133630, R133554, R133874, R77785
    Parking
    2
    Parking features
    Carport
    Size
    5,406 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2008
    Building materials
    Vinyl Siding
    Roof type
    Composition

    Brick & Loft Realty (806) 500-6665

    Listing agent Collen Melton (806) 999-5353 License #0774198

    Listing date Sep 12, 2025

    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 Multifamily Investment Opportunity

    This multifamily property is located in Lubbock, Texas. The property contains 5406 square feet and is situated on a 0.88-acre lot. Currently, 5 out of 5 units are occupied, resulting in a cap rate of 7.62%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Auto Repair Shop Pharmacy Wholesale Shop Department Store HVAC Service Bar & Pub Food Market Grocery Store Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.795965
    Latitude
    33.602294

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Lubbock, TX with high occupancy.
    Where is this apartment building located?
    The property is located at 3508 E Colgate St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - High occupancy rate: 5 out of 5 units are occupied.; - Attractive cap rate: 7.62%.; - Year Built: 2008
    (806) 999-5353
    Request Owner's contact information
    3508 E Colgate St Lubbock, TX 79403
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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
    3508 E Colgate St Lubbock, TX 79403
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