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5-Unit Multifamily Property

3508 E Colgate Street, Lubbock, TX 79403

For Sale
New
$435,000

Residential Income, Lubbock, TX

Property Size5,406 SF
Lot Size0.17 Acres
Price / SF$80.47
Days on Market2

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 4, Bedroom 1, Bedroom 14, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 1, Bathroom 7, Bedroom 5, Bedroom 13, Bathroom 10, Bedroom 9, Bedroom 15, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 8, Bedroom 4, Bedroom 12, Bedroom 10, Bedroom 7, Bedroom 11, Bedroom 6, Bathroom 9
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
Size 5,406 SF
Lot size 0.17 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description Cherry Point L 451
Legal Description Cherry Point L 451

Utilities

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

Amenities

carports

Building Details

Year built 2008
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Brick & Loft Realty
Listed By: Collen Melton · License TX #0774198
Added: Nov 12 Last Checked: Nov 13 at 3:06AM
MLS# 202615258

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 2008, this 5,406-square-foot multifamily property contains five occupied units on a 0.17-acre parcel. Vinyl siding and composition roofing are among the building’s exterior features. Interior layouts are open, with tile or vinyl flooring and, in some bedrooms, carpet. Central heating and central air serve the property; ceiling fans are also present. Carports provide on-site parking.

Key Highlights

  • All 5 of 5 units are occupied
  • 5,406 square feet on a 0.17‑acre parcel
  • Built in 2008; vinyl siding and composition roof

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Lubbock, TX

$125 Jul
$123 Aug
$122 Sep
$122 Oct

Properties on Market for Multifamily properties in Lubbock

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - All five residences are occupied, with professional management by True Asset Property Management.
Where is this multifamily property located?
The property is located at 3508 E Colgate Street Lubbock, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: All 5 of 5 units are occupied; 5,406 square feet on a 0.17‑acre parcel; Built in 2008; vinyl siding and composition roof
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