5-Unit Townhome Apartment
For Sale
$875,000
Pending
2610-2618 136th Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size6,640 SF
Lot Size0.36 Acres
Days on Market113
Property Features for 2610-2618 136th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 9, Bathroom 8, Bedroom 12, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 10, Bathroom 10, Bedroom 5, Bathroom 6, Bathroom 1, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 11, Bedroom 4, Bathroom 5, Bathroom 7, Bedroom 7, Bathroom 4, Bathroom 9
Parking features
On Street, Garage, Driveway, Open
Window features
Screens, Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Double Vanity, Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s)
Exterior features
Private Entrance, Private Yard
Appliances
Dishwasher, Disposal, Electric Range, Refrigerator
Lot features
City Lot, Cul-De-Sac
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
11
Standard status
Pending
APN
R339783, R339784, R339785, R339786, R339787
Size
6,640 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
Viridian L173, L174, L175, L176, L177
Tax Annual Amount
19545
Legal Description
Viridian L173, L174, L175, L176, L177
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
Xeriscape yards
rear-entry garages
gorgeous flooring and granite countertops
ceiling fans
Building Details
Year built
2022
Floors in Building
1
Number of units
5
Flooring type
Tile - Ceramic, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Beth Wylie · License #0777416
(806) 370-0106
Added: Jun 26
Changed: Oct 11
Last Checked: Oct 16 at 3:06PM
MLS# 202609561
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.
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Investment Insights
Based on property information with market context.
This 2022-built apartment property comprises five townhomes totaling 6,640 square feet on a 0.36-acre parcel. Brick construction is complemented by rear-entry garages, private yards, and patios. Interior features include granite counters, ceramic tile and carpet flooring, ceiling fans, and open floor plans; each home also has a garage and driveway parking.
The property is across the street from Lubbock Cooper East Elementary. Public water and sewer serve the site.
The property is across the street from Lubbock Cooper East Elementary. Public water and sewer serve the site.
Key Highlights
- Five townhomes totaling 6,640 square feet
- Built in 2022 on a 0.36‑acre site
- Across the street from Lubbock Cooper East Elementary
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,850
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,000
$1.1M
Cap Rate 7%
$769,286
$769.3K
Cap Rate 9%
$598,333
$598.3K
Market Conditions
NOI Build-Up for 6,640 SF
Gross rent
$104.4K $15.72/SF
− Vacancy
−$6.5K −$0.97/SF
EGI
$97.9K $14.75/SF
− OpEx
−$44.1K −$6.64/SF
NOI
$53.9K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,000
Cap Rate 7%
$769,286
Cap Rate 9%
$598,333
Alternative Uses
Best Use
Apartment 5plus
$769.3K
$673.1K – $897.5K
NOI $53,850 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,177 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
135
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, rear-entry garages, and xeriscaped yards distinguish this five-home rental property.
Where is this apartment building located?
The property is located at 2610-2618 136th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Five townhomes totaling 6,640 square feet; Built in 2022 on a 0.36‑acre site; Across the street from Lubbock Cooper East Elementary
