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Lubbock Multifamily Investment Opportunity

3508 E Colgate Street Lubbock, TX 79403

3508 E Colgate Street, Lubbock, TX, 79403
$465,000
For Sale
Claim this Listing
$465,000

MULTI_FAMILY - Lubbock, TX

Property Size5,406 SF
Lot Size0.88 Acres
Price / SF$86.02
AddedFeb 25, 2025
Days on Market504
Last RefreshJul 14 at 9:06 pm

Property Features for 3508 E Colgate Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
8
Rooms
Bedroom 10, Bathroom 8, Bedroom 1, Bedroom 7, Bathroom 10, Bedroom 15, Bathroom 9, Bathroom 3, Bathroom 2, Bedroom 8, Bedroom 13, Bedroom 12, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 9, Bathroom 6, Bedroom 5, Bathroom 7, Bedroom 14, Bedroom 11, Bathroom 1, Bedroom 6, Bathroom 5
Parking
2
Parking features
Carport
Standard status
Active
APN
R133682, R133630, R133554, R133874, R77785
Size
5,406 SF
Lot size
0.88 Acres

Taxes and HOA fees

Tax Description
CHERRY POINT L 451, CHERRY POINT L 449, CHERRY POINT L 446, CHERRY POINT L 458, SUBURBAN HOMES BLK 5 L 10
Tax Annual Amount
7708

Utilities

Heating system
Central
Cooling system
Ceiling Fan(s), Central Air

Building Details

Year built
2008
Building materials
Vinyl Siding
Roof type
Composition

Listing agent Collen Melton License #0774198

Listing office Brick & Loft Realty 9607 Milwaukee Ave, Lubbock, TX

Listing date Feb 25, 2025

MLS# 202550925 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 multifamily property is located in Lubbock, Texas. The property contains 5406 square feet and is situated on a 0.88-acre lot. Currently, 5 out of 5 units are occupied, resulting in a cap rate of 7.62%.

Key Highlights

  • 5 out of 5 units are occupied, with a stated cap rate of 7.62%
  • Built in 2008 with vinyl siding exterior
  • Central heating and central air conditioning, plus ceiling fans

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

HVAC Service Restaurant Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Barber Shop Grocery & Convenience Store Pharmacy Auto Parts Store

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

FAQs

What type of property is this?
Apartment building - Multifamily property in Lubbock, TX with high occupancy.
Where is this apartment building located?
The property is located at 3508 E Colgate Street Lubbock, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 5 out of 5 units are occupied, with a stated cap rate of 7.62%; Built in 2008 with vinyl siding exterior; Central heating and central air conditioning, plus ceiling fans
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