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    5861 Virginia Ave Lubbock, TX 79407

    For Sale
    $625,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    4,653 SF
    Lot size:
    0.23 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 5861 Virginia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 9, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bathroom 6, Bedroom 1
    Bedrooms
    9
    Bathrooms
    6
    APN
    R345367, R345366, R345365
    Parking features
    Garage
    Interior features
    Ceiling Fan(s), Granite Counters, Pantry, Walk-In Closet(s)
    Fencing
    Fenced
    Appliances
    Disposal
    Size
    4,653 SF
    Lot size
    0.23 Acres

    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

    Aycock Realty Group, LLC (806) 778-5956

    Listing agent Liz Karr (806) 632-5666 License #0629554

    Listing date Jul 25, 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

    Multifamily Package Deal in Lubbock

    This multifamily package deal features three fully leased townhome units situated side by side on Virginia Avenue in Lubbock, Texas. Each unit includes 3 bedrooms, 2 bathrooms, and a one-car garage. The units feature granite countertops, vinyl plank flooring, and fencing, complemented by landscaping. Located in the Frenship School District, the property offers a turnkey investment opportunity with a history of stable cash flow, as all three units are currently occupied by tenants. The property, suitable for expanding an existing portfolio or entering the multifamily real estate market, provides both value and opportunity. The total property size is 4653 square feet, situated on a 0.23-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.980443
    Latitude
    33.538513

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    FAQs

    What type of property is this?
    Multifamily property - Three fully leased townhomes with stable cash flow in Lubbock.
    Where is this multifamily property located?
    The property is located at 5861 Virginia Ave 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: - Turnkey investment: Three fully leased townhome units providing stable cash flow.; - Each unit features 3 bedrooms and 2 bathrooms.; - Located in the desirable Frenship School District.
    (806) 632-5666
    Request Owner's contact information
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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
    5861 Virginia Ave Lubbock, TX 79407
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