Multifamily Property in Sales
3821 133rd St Lubbock, TX 79423
New
3821 133rd St, Lubbock, TX, 79423
$420,000
For Sale
$420,000
For-sale multifamily property at 3821 133rd St, offered as part of a multi-property package or individually.
Property Size3,102 SF
Price / SF$135.40
Days on Market2
Property Features for 3821 133rd St
General Information
- Standard status
- Active
- Size
- 3,102 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2014
Listing agency
Coldwell Banker Trusted Adviso
(806) 543-3939
Listed by
Dennis Carrizales · License #0738689
Source
Raftercrossrealty
Added: Jul 20 Updated: Jul 21 at 6:35AM Checked: Jul 21 at 6:35AM
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 Coldwell Banker Trusted Adviso
Investment Insights
Based on property information with market context.
This for-sale multifamily property is located at 3821 133rd St, Lubbock, TX 79423. It is being offered as part of a package, or it may be purchased by itself.
Public remarks note South Lubbock living with proximity to schools, shopping, restaurants, and parks.
The sale package includes multiple additional properties: 2123 143rd, 319 79th, 3817 133rd, 3819 133rd, 5504 110th, 5724 96th, and 7513 103rd. The property may be marketed and considered alongside the package or evaluated as an individual acquisition.
Public remarks note South Lubbock living with proximity to schools, shopping, restaurants, and parks.
The sale package includes multiple additional properties: 2123 143rd, 319 79th, 3817 133rd, 3819 133rd, 5504 110th, 5724 96th, and 7513 103rd. The property may be marketed and considered alongside the package or evaluated as an individual acquisition.
Key Highlights
- Multifamily property at 3821 133rd St in Lubbock
- Built in 2014
- Offered as part of a multi‑property package or sold individually
Local 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 | $48.8k | $15.72 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $45.7k | $14.75 |
| − OpEx | −$20.6k | −$6.64 |
| NOI | $25.2k | $8.11 |
3,102 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - For-sale multifamily property at 3821 133rd St, offered as part of a multi-property package or individually.
Where is this multifamily property located?
The property is located at 3821 133rd St Lubbock, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Multifamily property at 3821 133rd St in Lubbock; Built in 2014; Offered as part of a multi‑property package or sold individually
