Three-Unit Townhome
5861 5863 5865 Virginia Avenue Lubbock, TX 79407
For Sale
$625,000
Pending
MULTI_FAMILY - Lubbock, TX
Property Size4,653 SF
Lot Size0.23 Acres
Days on Market375
Property Features for 5861 5863 5865 Virginia Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 9, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 5, Bedroom 8
- Parking features
- Garage
- Window features
- Double Pane Windows
- Interior features
- Ceiling Fan(s), Granite Counters, Pantry, Walk-In Closet(s)
- Fencing
- Fenced
- Appliances
- Disposal
- Standard status
- Pending
- APN
- R345367, R345366, R345365
- Size
- 4,653 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- ESCONDIDO CROSSING L 192, 191, 190
- Tax Annual Amount
- 4000
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2024
- Number of units
- 3
- Flooring type
- Vinyl, Plank
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Liz Karr · License #0629554
(806) 632-5666
Added: Jul 15, 2025
Changed: Jul 11
Last Checked: Jul 24 at 7:06PM
MLS# 202558321
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale package includes three fully leased townhome units located side by side at 5861, 5863, and 5865 Virginia Avenue. Each unit is configured with three bedrooms and two bathrooms, along with a one-car garage. Interior finishes and features listed for the homes include granite countertops and vinyl plank flooring. Exterior elements include fencing and landscaping.
The property is located in the Frenship School District. The three units are currently occupied by tenants, supporting a turnkey, stable income profile based on the existing lease status.
Offered as a package, the collection provides one consolidated ownership opportunity across three residential income units within a single, adjacent setup.
The property is located in the Frenship School District. The three units are currently occupied by tenants, supporting a turnkey, stable income profile based on the existing lease status.
Offered as a package, the collection provides one consolidated ownership opportunity across three residential income units within a single, adjacent setup.
Key Highlights
- Three side‑by‑side, fully leased townhome units on Virginia Avenue as part of a package deal
- Each unit features 3 bedrooms and 2 bathrooms, plus a one‑car garage
- Interior features include granite countertops, pantry, and walk‑in closets
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.2k | $13.80 |
| − Vacancy | −$4.2k | −$0.90 |
| EGI | $60.0k | $12.90 |
| − OpEx | −$18.0k | −$3.87 |
| NOI | $42.0k | $9.03 |
4,653 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$600.4K
$525.3K – $700.4K
NOI $42,026 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$539.1K
$471.7K – $628.9K
NOI $37,736 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,112 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three fully leased townhome units sit side by side, each with three bedrooms, two baths, and a one-car garage.
Where is this triplex located?
The property is located at 5861 5863 5865 Virginia Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three side‑by‑side, fully leased townhome units on Virginia Avenue as part of a package deal; Each unit features 3 bedrooms and 2 bathrooms, plus a one‑car garage; Interior features include granite countertops, pantry, and walk‑in closets
