Lubbock Multifamily Investment
Package Property 6th Street Lubbock, TX 79416
Package Property 6th Street, Lubbock, TX, 79416
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - Lubbock, TX
Property Size11,518 SF
Lot Size0.62 Acres
Price / SF$104.18
Days on Market87
Property Features for Package Property 6th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 28
- Bathrooms
- 20
- Rooms
- Bedroom 10, Bedroom 11, Bedroom 28, Bathroom 6, Bathroom 17, Bedroom 23, Bedroom 15, Bedroom 25, Bedroom 24, Bedroom 1, Bathroom 8, Bathroom 11, Bathroom 18, Bedroom 14, Bedroom 4, Bedroom 27, Bathroom 3, Bathroom 5, Bedroom 21, Bathroom 2, Bedroom 20, Bedroom 26, Bathroom 13, Bathroom 19, Bedroom 19, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 17, Bathroom 15, Bathroom 1, Bathroom 12, Bathroom 7, Bedroom 13, Bedroom 2, Bathroom 10, Bedroom 7, Bathroom 14, Bathroom 16, Bathroom 4, Bedroom 5, Bathroom 9, Bedroom 3, Bedroom 18, Bedroom 16, Bathroom 20, Bedroom 22, Bedroom 8
- Parking features
- Garage, Driveway, Off Street
- Interior features
- Ceiling Fan(s), Pantry, Walk-In Closet(s)
- Fireplace
- 1
- Standard status
- Active
- APN
- R70952
- Size
- 11,518 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Description
- See LCAD
- Tax Annual Amount
- 18868
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
WestMark Companies
(806) 794-6000
4105 84th Street, Lubbock, TX
Listed by
Joy Daniel · License #0525754
(806) 535-1206
Added: Apr 22 Checked: Jul 17 at 11:06 am
MLS# 202605353
Listing URL
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 investment package includes multiple properties: a two-story quadplex built in 2004, and a duplex built in 1985. The quadplex features identical units, each with 3 bedrooms, 2 baths, and an attached 2-car garage. One unit has a side yard, while all have patios. Washer and dryer connections are available. The duplex consists of two units, each with 2 bedrooms and 2 baths, ample front parking, spacious living areas with a fireplace, a back patio, and a small fenced backyard. Washer-dryer connections are available. A new roof has been installed on the duplex. Refrigerators are included. Located near Texas Tech University and Lubbock Christian University, the properties are within the Frenship Independent School District. The total rent for all 10 units is $9,925. The property size is 11,518 square feet on a lot of 0.62 acres.
Key Highlights
- Investor package with 10 total units: two two‑story quads at 5827 6th St & 5839 7th St plus two duplexes at 3417 & 3419 Hyden Ave
- Quads built in 2004: identical units with 3 bedrooms, 2 baths, and an attached 2‑car garage (one unit has a side yard)
- Quads feature patios and washer/dryer connections; fireplace is included in the listings
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 | $158.9k | $13.80 |
| − Vacancy | −$10.3k | −$0.90 |
| EGI | $148.6k | $12.90 |
| − OpEx | −$44.6k | −$3.87 |
| NOI | $104.0k | $9.03 |
11,518 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.73M
NOI $104,032 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$1.33M
$1.17M – $1.56M
NOI $93,410 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,260 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turn-key multifamily investment package near universities and schools.
Where is this quadplex located?
The property is located at Package Property 6th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Investor package with 10 total units: two two‑story quads at 5827 6th St & 5839 7th St plus two duplexes at 3417 & 3419 Hyden Ave; Quads built in 2004: identical units with 3 bedrooms, 2 baths, and an attached 2‑car garage (one unit has a side yard); Quads feature patios and washer/dryer connections; fireplace is included in the listings
