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Townhome-Style Multifamily Property

2610-2618 136th Street Lubbock, TX 79423

2610-2618 136th Street, Lubbock, TX, 79423
$875,000
For Sale
Claim this Listing
$875,000

MULTI_FAMILY - Lubbock, TX

Property Size6,640 SF
Lot Size0.36 Acres
Price / SF$131.78
AddedJun 26
Days on Market19
Last RefreshJul 14 at 2:06 pm

Property Features for 2610-2618 136th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
10
Rooms
Bedroom 10, Bedroom 5, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 12, Bathroom 3, Bedroom 8, Bedroom 6, Bathroom 7, Bedroom 4, Bedroom 9, Bedroom 11, Bathroom 2, Bathroom 8, Bedroom 3, Bathroom 9, Bathroom 6, Bedroom 7, Bathroom 5, Bathroom 10, Bathroom 1
Parking features
Garage, Open, On Street, Driveway
Window features
Blinds, Screens
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
Standard status
Active
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

Utilities

Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Water source
Public

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 agent Beth Wylie License #0777416

Listing office Aycock Realty Group, LLC 3911 98th Street, Ste 200, Lubbock, TX

Listing date Jun 26, 2026

MLS# 202609561 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 for-sale multifamily property consists of five townhome-style units in a solidly built, well-maintained configuration. The homes feature rear-entry garages, xeriscape yards, and interior finishes including gorgeous flooring and granite countertops, complemented by ceiling fans and well-thought-out floor plans.

The property is located across the street from Lubbock Cooper East Elementary, providing a straightforward setting for tenants. Multiple tenants have lived on-site for 2+ years, and the seller notes the units are very easy to lease.

With a total building size of 6,640 square feet and a lot size of 0.36 acres, this is a compact, purpose-built income property designed around individually leased townhome units.

Key Highlights

  • Built in 2022 brick townhomes with composition roof and central heating/natural gas
  • 5‑townhome property across the street from Lubbock Cooper East Elementary
  • Interior features include granite counters, double vanity, pantry, and primary downstairs

Local 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 $104.4k $15.72
− Vacancy −$6.5k −$0.97
EGI $97.9k $14.75
− OpEx −$44.1k −$6.64
NOI $53.9k $8.11
6,640 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$769.3K
$673.1K – $897.5K (±1% cap)
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 (±1% cap)
NOI $117,177 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Auto Parts Store Electrical Service Plumbing Service Grocery & Convenience Store Bakery Big Box & Wholesale Store Cafe & Coffee Shop Home Appliance Store Storage Facility

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

FAQs

What type of property is this?
Apartment building - Five well-maintained townhomes with rear-entry garages and xeriscape yards across from Lubbock Cooper East Elementary.
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: Built in 2022 brick townhomes with composition roof and central heating/natural gas; 5‑townhome property across the street from Lubbock Cooper East Elementary; Interior features include granite counters, double vanity, pantry, and primary downstairs
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