Quadplex With Attached
New
For Sale
$360,000
5602 Brownfield Drive, Lubbock, TX 79414
Residential Income, Lubbock, TX
Property Size3,680 SF
Lot Size0.64 Acres
Price / SF$97.83
Days on Market2
Property Features for 5602 Brownfield Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 8
Parking features
Garage
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
3
Standard status
Active
APN
R60791
Size
3,680 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Description
WESTMORELAND BLK 6 L 23-A 24-A 25-A 26-A 27-A 28-A 29-A & 30-A
Tax Annual Amount
2800
Legal Description
WESTMORELAND BLK 6 L 23-A 24-A 25-A 26-A 27-A 28-A 29-A & 30-A
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1991
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Black Pearl Realty
Listed By:
Andi Dunlap · License #0699066
(806) 773-2290
Added: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 202614240
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 brick quadplex, built in 1991, contains 3,680 square feet on a 0.64-acre parcel. Each residence has an attached one-car garage. Central heating fueled by natural gas and central air conditioning serve the building; ceiling fans are also present.
The property is offered individually, with packages available in sizes from 2 to 8 buildings. Across the available portfolio, there are up to 32 residences, and most are currently leased.
The property is offered individually, with packages available in sizes from 2 to 8 buildings. Across the available portfolio, there are up to 32 residences, and most are currently leased.
Key Highlights
- 3,680‑square‑foot quadplex on 0.64 acres
- Attached one‑car garage for each residence
- Brick construction; built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,845
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,900
$596.9K
Cap Rate 7%
$426,357
$426.4K
Cap Rate 9%
$331,611
$331.6K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$57.8K $15.72/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$54.3K $14.75/SF
− OpEx
−$24.4K −$6.64/SF
NOI
$29.8K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,900
Cap Rate 7%
$426,357
Cap Rate 9%
$331,611
Alternative Uses
Best Use
Multifamily LT 5
$474.8K
$415.5K – $554.0K
NOI $33,238 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$426.4K
$373.1K – $497.4K
NOI $29,845 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$927.7K
$811.8K – $1.08M
NOI $64,942 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 79414, TX
17,537
Population
9,219
Households
1.9
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
5,480
Density / Sq Mi
$49,637
Median Household Income
$32,127
Median Earnings
$1,100
Median Rent
$150,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Most residences are tenant-occupied, and the property may be acquired alone or alongside other buildings in a package.
Where is this quadplex located?
The property is located at 5602 Brownfield Drive Lubbock, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 3,680‑square‑foot quadplex on 0.64 acres; Attached one‑car garage for each residence; Brick construction; built in 1991
