Four Townhome Investment
5512 Kemper Street Lubbock, TX 79416
5512 Kemper Street, Lubbock, TX, 79416
$700,000
For Sale
$700,000
MULTI_FAMILY - Lubbock, TX
Property Size5,652 SF
Lot Size0.30 Acres
Price / SF$123.85
Days on Market131
Property Features for 5512 Kemper Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Bathroom 1, Bedroom 1, Bathroom 8
- Parking features
- Garage
- Standard status
- Active
- APN
- R340427
- Size
- 5,652 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Description
- LINCOLN 16
- Tax Annual Amount
- 13800
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Number of units
- 4
- Building materials
- Brick
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Sam Riddle · License #0717805
(512) 466-3719
Added: Mar 9 Checked: Jul 17 at 8:06 am
MLS# 202603076
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 sale includes a package of four townhomes built in 2022. All four units are currently leased. The mix includes two 3-bedroom, 2-bath units with 2-car garages and two 2-bedroom, 2-bath units with 1-car garages. Interiors feature granite countertops, modern finishes, and open-concept layouts.
The townhomes are located at 5508, 5510, 5512, and 5514 Kemper. 5512 Kemper Street is included in the offering. The property is described as barely lived in, presenting a low-maintenance profile for tenants and operators.
These units can be divided up, giving flexibility for buyers seeking either a complete package or individual ownership of each townhome.
The townhomes are located at 5508, 5510, 5512, and 5514 Kemper. 5512 Kemper Street is included in the offering. The property is described as barely lived in, presenting a low-maintenance profile for tenants and operators.
These units can be divided up, giving flexibility for buyers seeking either a complete package or individual ownership of each townhome.
Key Highlights
- Package of four townhomes built in 2022, including 5508, 5510, 5512, and 5514 Kemper
- All four units are currently leased
- Unit mix: two 3‑bedroom, 2‑bath townhomes with 2‑car garages and two 2‑bedroom, 2‑bath townhomes with 1‑car garages
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 | $78.0k | $13.80 |
| − Vacancy | −$5.1k | −$0.90 |
| EGI | $72.9k | $12.90 |
| − OpEx | −$21.9k | −$3.87 |
| NOI | $51.0k | $9.03 |
5,652 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$729.3K
$638.1K – $850.8K
NOI $51,049 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$654.8K
$573.0K – $764.0K
NOI $45,837 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,742 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four like-new townhomes built in 2022, with all units currently leased and configured as two 3-bedroom and two 2-bedroom homes.
Where is this quadplex located?
The property is located at 5512 Kemper Street Lubbock, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Package of four townhomes built in 2022, including 5508, 5510, 5512, and 5514 Kemper; All four units are currently leased; Unit mix: two 3‑bedroom, 2‑bath townhomes with 2‑car garages and two 2‑bedroom, 2‑bath townhomes with 1‑car garages
