5861 5863 5865 Virginia Avenue, Lubbock, TX 79407
MULTI_FAMILY - Lubbock, TX
- Added:
- Jul 15, 2025
- Days on Market:
- 330
- Last Refresh:
- Jun 9 at 11:06 am
Property Features for 5861 5863 5865 Virginia Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 2, 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
- Active
- 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
- Electric, Central Air
Building Details
- Year built
- 2024
- Number of units
- 3
- Flooring type
- Plank, Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agent Liz Karr License #0629554 (806) 632-5666
Listing office Aycock Realty Group, LLC 3911 98th Street, Ste 200, Lubbock, TX (806) 778-5956
Listing date Jul 15, 2025
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.
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
- Vinyl plank flooring and central heating/cooling with natural gas and central air
- Brick construction with a composition roof and ceiling fans
- Fenced on‑site features and Frenship School District
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.980443
- Latitude
- 33.538513
