Townhome Community with Rear-Entry
26202628 2620-2628 136th St Lubbock, TX 79423
New
For Sale
$875,000
Five well-built townhomes include three 2BR/2BA and two 3BR/2BA end units, each with a rear-entry garage.
Property Size6,688 SF
Price / SF$130.83
Days on Market2
Property Features for 26202628 2620-2628 136th St
General Information
- Standard status
- Active
- Size
- 6,688 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2022
Listing Agency:
Aycock Realty Group, LLC
(405) 435-1534
Listed By:
Beth Wylie · License #0777416
Source:
Raftercrossrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 3:48AM
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 Aycock Realty Group, LLC
Investment Insights
Based on property information with market context.
This for-sale townhome community features five well-built homes with xeriscape yards and rear-entry garages. The unit mix consists of three 2-bedroom, 2-bath townhomes and two end units with 3-bedroom, 2-bath layouts. Each home is configured with a rear-entry garage, supporting convenient off-street parking and practical day-to-day access.
The property is located at 2620–2628 136th St in Lubbock, TX, directly across from Lubbock Cooper East Elementary, which includes a park and playground.
The current offering notes strong onsite management and steady tenancy, with several tenants having lived at the property for 2+ years. The homes are described as easy to keep leased, reflecting consistent day-to-day performance.
The property is located at 2620–2628 136th St in Lubbock, TX, directly across from Lubbock Cooper East Elementary, which includes a park and playground.
The current offering notes strong onsite management and steady tenancy, with several tenants having lived at the property for 2+ years. The homes are described as easy to keep leased, reflecting consistent day-to-day performance.
Key Highlights
- Year built 2022: five townhomes in a well‑built community
- Unit mix includes three 2BR/2BA units and two 3BR/2BA end units
- Each townhome has a rear‑entry garage
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 | $105.1k | $15.72 |
| − Vacancy | −$6.5k | −$0.97 |
| EGI | $98.6k | $14.75 |
| − OpEx | −$44.4k | −$6.64 |
| NOI | $54.2k | $8.11 |
6,688 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five well-built townhomes include three 2BR/2BA and two 3BR/2BA end units, each with a rear-entry garage.
Where is this apartment building located?
The property is located at 26202628 2620-2628 136th St 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: Year built 2022: five townhomes in a well‑built community; Unit mix includes three 2BR/2BA units and two 3BR/2BA end units; Each townhome has a rear‑entry garage
