5-Unit Townhome Apartment
For Sale
$875,000
Pending
2620-2628 136th Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size6,688 SF
Lot Size0.37 Acres
Days on Market112
Property Features for 2620-2628 136th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Garage, Alley, Open
Window features
Screens, Blinds
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Double Vanity, Granite Counters, Open Floorplan, Pantry
Exterior features
Private Entrance, Private Yard
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Lot features
Front Yard
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
11
Standard status
Pending
APN
R339788, R339789, R339790, R339791, R339792
Size
6,688 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
Viridian L 178, L 179, L 180, L 181, L 182
Tax Annual Amount
3886
Legal Description
Viridian L 178, L 179, L 180, L 181, L 182
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
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 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 15 at 10:06PM
MLS# 202609568
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.
Completed in 2022, this brick apartment property contains five townhomes across 6,688 square feet on a 0.37-acre site. Three homes have two bedrooms and two bathrooms; the remaining two each provide three bedrooms and two bathrooms. Each residence includes a rear-entry garage, and the homes have private yards with xeriscape landscaping.
The property is across the street from Lubbock Cooper East Elementary, which has a park and playground. Interior features include granite counters, open floor plans, and pantries. Shared property details include central heating and air conditioning, public water and sewer, and alley access.
The property is across the street from Lubbock Cooper East Elementary, which has a park and playground. Interior features include granite counters, open floor plans, and pantries. Shared property details include central heating and air conditioning, public water and sewer, and alley access.
Key Highlights
- Five townhomes: three 2‑bedroom, 2‑bath units and two 3‑bedroom, 2‑bath units
- 6,688 square feet on 0.37 acres
- Built in 2022 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,239
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,780
$1.1M
Cap Rate 7%
$774,843
$774.8K
Cap Rate 9%
$602,656
$602.7K
Market Conditions
NOI Build-Up for 6,688 SF
Gross rent
$105.1K $15.72/SF
− Vacancy
−$6.5K −$0.97/SF
EGI
$98.6K $14.75/SF
− OpEx
−$44.4K −$6.64/SF
NOI
$54.2K $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%
$1,084,780
Cap Rate 7%
$774,843
Cap Rate 9%
$602,656
Alternative Uses
Best Use
Apartment 5plus
$774.8K
$678.0K – $904.0K
NOI $54,239 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,024 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
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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 - Five brick residences offer a mix of two- and three-bedroom floor plans with private garages.
Where is this apartment building located?
The property is located at 2620-2628 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: three 2‑bedroom, 2‑bath units and two 3‑bedroom, 2‑bath units; 6,688 square feet on 0.37 acres; Built in 2022 with brick construction
