Class A Townhome
2602-2608 135th Street, Lubbock, TX 79423
MULTI_FAMILY - Other - Lubbock, TX
Property size:
6,213 SFLot size:
0.29 AcresPrice / SF:
$136/SF- Added:
- Dec 10, 2025
- Days on Market:
- 194
- Last Refresh:
- Jun 22 at 3:06 pm
Property Features for 2602-2608 135th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 8, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2
- Parking features
- Garage, Open, Driveway
- Window features
- Double Pane Windows
- Patio and Porch features
- Patio, Porch
- Interior features
- Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s)
- Exterior features
- Private Entrance, Private Yard
- Fencing
- Fenced
- Appliances
- Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- R339751
- Size
- 6,213 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- Viridian L 141- L 144
- Tax Annual Amount
- 15211
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Dan Williams License #0550528 (806) 777-1310
Listing office Williams & Company Real Estate 918 Ave J, Lubbock, TX (806) 860-6945
Listing date Dec 10, 2025
MLS# 202564000
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.
HighLights
- Four‑unit townhome building built in 2022 with brick and vinyl siding and a composition roof
- Two units leased as annual rentals and professionally managed by Location Rentals; two units are furnished and used as nightly rentals
- Each unit features a private entrance and private yard, plus fenced yard fencing
- Open floorplan with kitchen island, pantry, and storage, plus walk‑in closet(s)
- Central heating (natural gas) and central air cooling, with ceiling fans throughout
- On‑site parking includes a garage, plus open/driveway parking; patio and porch on site
Overview
This Class A, four-unit townhome building is located in the Viridian neighborhood of South Lubbock. The property combines modern design and low-maintenance construction. It is positioned in one of Lubbock's fastest-growing areas, near Lubbock-Cooper East Elementary, United Supermarkets, Loop 88, and various retail, dining, and service amenities. The Lubbock-Cooper Independent School District's expansion drives housing demand and tenant stability. Each townhome features high-end interior finishes, maintenance-free vinyl and metal siding, turf yards, and drought-resistant landscaping. The Homeowners Association maintains subdivision entrances and common areas. The property offers access to the future Loop 88, ensuring connectivity to employment and retail corridors. Two annual rental units are leased and professionally managed by Location Rentals, and two units are fully furnished and used as nightly rentals. The property is a turnkey investment opportunity in South Lubbock. The property size is 6213 square feet and the lot size is 0.29 acres.
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 | $85.7k | $13.80 |
| − Vacancy | −$5.6k | −$0.90 |
| EGI | $80.2k | $12.90 |
| − OpEx | −$24.0k | −$3.87 |
| NOI | $56.1k | $9.03 |
6,213 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$801.7K
$701.5K – $935.3K
NOI $56,116 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$719.8K
$629.8K – $839.8K
NOI $50,387 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,642 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.871739
- Latitude
- 33.471901
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit townhome in Lubbock's Viridian neighborhood.
Where is this quadplex located?
The property is located at 2602-2608 135th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: Four‑unit townhome building built in 2022 with brick and vinyl siding and a composition roof; Two units leased as annual rentals and professionally managed by Location Rentals; two units are furnished and used as nightly rentals; Each unit features a private entrance and private yard, plus fenced yard fencing
