Well-Maintained Income
4309 58th St Lubbock, TX 79413
New
4309 58th St, Lubbock, TX, 79413
$220,000
For Sale
$220,000
Professionally managed multifamily property offered with tenants in place in a central Lubbock location.
Property Size2,330 SF
Price / SF$94.42
Days on Market3
Property Features for 4309 58th St
General Information
- Standard status
- Active
- Size
- 2,330 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1965
Listing agency
Keller Williams Realty
(806) 438-0181
Listed by
Nancy Garrett · License #0466808
Source
Raftercrossrealty
Added: Jul 20 Updated: Jul 21 at 7:28AM Checked: Jul 21 at 7:28AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained multifamily income property is professionally managed and currently has tenants in place. The offering is positioned as an operational property, with management and occupancy already in place.
The property is located at 4309 58th St, Lubbock, TX 79413, described as having central access to essential services.
At this time, no additional details are provided regarding unit count, specific building layout, or on-site amenities.
The property is located at 4309 58th St, Lubbock, TX 79413, described as having central access to essential services.
At this time, no additional details are provided regarding unit count, specific building layout, or on-site amenities.
Key Highlights
- Professionally managed multifamily property with tenants in place
- Year built: 1965
- Central Lubbock location with easy access to essentials
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 | $36.6k | $15.72 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $34.4k | $14.75 |
| − OpEx | −$15.5k | −$6.64 |
| NOI | $18.9k | $8.11 |
2,330 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,896 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kayfabe All Day
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Professionally managed multifamily property offered with tenants in place in a central Lubbock location.
Where is this multifamily property located?
The property is located at 4309 58th St Lubbock, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Professionally managed multifamily property with tenants in place; Year built: 1965; Central Lubbock location with easy access to essentials
