Lubbock Multifamily Property For
For Sale
$337,000
532 N Clinton Avenue, Lubbock, TX 79416
Residential Income, Lubbock, TX
Property Size2,740 SF
Lot Size0.18 Acres
Price / SF$122.99
Days on Market174
Property Features for 532 N Clinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 5, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4
Parking features
Garage
Window features
Double Pane Windows
Exterior features
Private Yard
Fencing
Fenced
Elementary school
North Ridge
Middle school
Frenship
High school
Frenship
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
8
Standard status
Active
APN
R171391
Size
2,740 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Fountain Wood L 53
Tax Annual Amount
4240
Legal Description
Fountain Wood L 53
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
2003
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Exit Realty of Lubbock
(806) 771-3900
Listed By:
Cynthia Arriaga · License #0584899
(806) 790-0609
Added: May 13
Changed: Oct 31
Last Checked: Nov 2 at 2:06AM
MLS# 202606392
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.
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Investment Insights
Based on property information with market context.
This multifamily property is located in Lubbock, Texas. The property has a size of 2740 square feet and is situated on a lot of 0.18 acres. It is classified as a duplex and residential income property.
Key Highlights
- Brick exterior home built in 2003
- Central heating with natural gas and central air cooling
- Composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,748
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,960
$495.0K
Cap Rate 7%
$353,543
$353.5K
Cap Rate 9%
$274,978
$275.0K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$37.8K $13.80/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$35.4K $12.90/SF
− OpEx
−$10.6K −$3.87/SF
NOI
$24.7K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,960
Cap Rate 7%
$353,543
Cap Rate 9%
$274,978
Alternative Uses
Best Use
Multifamily LT 5
$353.5K
$309.4K – $412.5K
NOI $24,748 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$317.4K
$277.8K – $370.4K
NOI $22,221 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$690.8K
$604.4K – $805.9K
NOI $48,353 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
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Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property in Lubbock, Texas, ideal for residential income.
Where is this duplex located?
The property is located at 532 N Clinton Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $337,000.
What are key features of this property?
This property features: Brick exterior home built in 2003; Central heating with natural gas and central air cooling; Composition roof
