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Lubbock Multifamily Property For Sale

532 N Clinton Avenue Lubbock, TX 79416

Claim this Listing
For Sale
$337,000

MULTI_FAMILY - Other - Lubbock, TX

Property size:
2,740 SF
Lot size:
0.18 Acres
Price / SF:
$122.99/SF
Added:
May 13, 2026
Days on Market:
63
Last Refresh:
Jul 14 at 7:06 am

Property Features for 532 N Clinton Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Rooms
Bathroom 6, Bathroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 5
Parking features
Garage
Window features
Double Pane Windows
Exterior features
Private Yard
Fencing
Fenced
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

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric

Building Details

Year built
2003
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Composition
Architectural style
Other

Listing agent Cynthia Arriaga License #0584899

Listing office Exit Realty of Lubbock 2405 W Loop 289, Ste 100, Lubbock, TX

Listing date May 13, 2026

MLS# 202606392 Listing URL

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 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

  • 6 bedrooms and 6 bathrooms
  • Brick construction with composition roof
  • Central heating (natural gas) and central air conditioning (central air, electric)

Local Financial Insights For Multifamily LT 5

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 $37.8k $13.80
− Vacancy −$2.5k −$0.90
EGI $35.4k $12.90
− OpEx −$10.6k −$3.87
NOI $24.7k $9.03
2,740 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$353.5K
$309.4K – $412.5K (±1% cap)
NOI $24,748 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$317.4K
$277.8K – $370.4K (±1% cap)
NOI $22,221 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$690.8K
$604.4K – $805.9K (±1% cap)
NOI $48,353 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Hair Salon Spa & Massage Center Electrical Service Nail Salon Pharmacy Kitchen & Bath Showroom Auto Parts Store Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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: 6 bedrooms and 6 bathrooms; Brick construction with composition roof; Central heating (natural gas) and central air conditioning (central air, electric)
Contact an agent
More about this property
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