Multifamily Apartment Building with
For Sale
$465,000
3508 E Colgate Street, Lubbock, TX 79403
MULTI_FAMILY - Lubbock, TX
Property Size5,406 SF
Lot Size0.88 Acres
Price / SF$86.02
Days on Market551
Property Features for 3508 E Colgate Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
8
Full bathrooms
5
Half bathrooms
5
Rooms
Bathroom 2, Bathroom 6, Bedroom 7, Bedroom 1, Bedroom 13, Bedroom 5, Bedroom 9, Bathroom 10, Bathroom 3, Bedroom 3, Bedroom 10, Bedroom 12, Bathroom 8, Bathroom 7, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 15, Bedroom 8, Bedroom 6, Bathroom 5, Bedroom 4, Bedroom 14, Bathroom 9, Bathroom 4
Parking
2
Parking features
Carport
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
1
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
Legal Description
CHERRY POINT L 451, CHERRY POINT L 449, CHERRY POINT L 446, CHERRY POINT L 458, SUBURBAN HOMES BLK 5 L 10
Utilities
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2008
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Collen Melton · License #0774198
(806) 999-5353
Added: Feb 25, 2025
Changed: Aug 14
Last Checked: Aug 30 at 9:06AM
MLS# 202550925
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 apartment building is built with vinyl siding and features a composition roof. The property totals 5,406 square feet on a 0.88-acre lot and was constructed in 2008. Central heating and central air are supported by ceiling fans, and the property includes carport parking.
All units are currently occupied, with 5 out of 5 units leased. The stated cap rate is 7.62%, which may be of interest to investors evaluating current performance.
With central HVAC, on-site carport parking, and a fully occupied unit lineup, the property provides a straightforward multifamily profile for prospective owner-occupants or income-focused buyers.
All units are currently occupied, with 5 out of 5 units leased. The stated cap rate is 7.62%, which may be of interest to investors evaluating current performance.
With central HVAC, on-site carport parking, and a fully occupied unit lineup, the property provides a straightforward multifamily profile for prospective owner-occupants or income-focused buyers.
Key Highlights
- 5 out of 5 units currently occupied
- Stated cap rate of 7.62%
- 0.88‑acre lot
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 79403, TX
15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily apartment building with carport parking, central HVAC, and 5 out of 5 units currently occupied.
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 currently occupied; Stated cap rate of 7.62%; 0.88‑acre lot
