Multifamily Property in Sales
For Sale
$420,000
3821 133rd St, Lubbock, TX 79423
For-sale multifamily property at 3821 133rd St, offered as part of a multi-property package or individually.
Property Size3,102 SF
Price / SF$135.40
Days on Market16
Property Features for 3821 133rd St
General Information
Standard status
Active
Size
3,102 SF
Property subtype
Multi-Family
Building Details
Year Built
2014
Listing Agency:
Coldwell Banker Trusted Adviso
(806) 543-3939
Listed By:
Dennis Carrizales · License #0738689
Source:
Raftercrossrealty
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 4 at 9:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Trusted Adviso
Investment Insights
Based on property information with market context.
This for-sale multifamily property is located at 3821 133rd St, Lubbock, TX 79423. It is being offered as part of a package, or it may be purchased by itself.
Public remarks note South Lubbock living with proximity to schools, shopping, restaurants, and parks.
The sale package includes multiple additional properties: 2123 143rd, 319 79th, 3817 133rd, 3819 133rd, 5504 110th, 5724 96th, and 7513 103rd. The property may be marketed and considered alongside the package or evaluated as an individual acquisition.
Public remarks note South Lubbock living with proximity to schools, shopping, restaurants, and parks.
The sale package includes multiple additional properties: 2123 143rd, 319 79th, 3817 133rd, 3819 133rd, 5504 110th, 5724 96th, and 7513 103rd. The property may be marketed and considered alongside the package or evaluated as an individual acquisition.
Key Highlights
- Multifamily property at 3821 133rd St in Lubbock
- Built in 2014
- Offered as part of a multi‑property package or sold individually
Financial Insights For Apartment 5plus
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 | $48.8k | $15.72 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $45.7k | $14.75 |
| − OpEx | −$20.6k | −$6.64 |
| NOI | $25.2k | $8.11 |
3,102 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Market
Properties on Market for Multifamily properties in Lubbock County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - For-sale multifamily property at 3821 133rd St, offered as part of a multi-property package or individually.
Where is this multifamily property located?
The property is located at 3821 133rd St Lubbock, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Multifamily property at 3821 133rd St in Lubbock; Built in 2014; Offered as part of a multi‑property package or sold individually
