Quadplexes with Attached
New
For Sale
$360,000
5602 Brownfield Drive, Lubbock, TX 79414
Each residence includes a private one-car garage, with options to acquire multiple buildings together.
Property Size3,680 SF
Price / SF$97.83
Days on Market3
Property Features for 5602 Brownfield Drive
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Residential Income
Additional Details
Parking per Unit
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,800
Amenities
Yes
4
No
8
Public Records
3680.0
0.64
Attached,Garage
All Weather,Paved
Other
Slab
City Street
Building Details
Building Size
3,680 SF
Year Built
1991
Listing Agency:
Black Pearl Realty
(806) 319-5090
Listed By:
Tiffany Norris
Source:
Clearrockrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:30AM
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 Black Pearl Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Eight quadplexes are available in Lubbock, with each unit connected to a one-car garage. The buildings date to 1991, and nearly all units are leased. Buyers may acquire a single property or select a package of two to eight buildings; the full group represents as many as 32 units.
The properties are located at 5602 Brownfield Drive in Lubbock. The offering supports a range of acquisition sizes, from one quadplex to the complete portfolio.
The properties are located at 5602 Brownfield Drive in Lubbock. The offering supports a range of acquisition sizes, from one quadplex to the complete portfolio.
Key Highlights
- Eight quadplexes available individually or in packages of 2 to 8 buildings
- Up to 32 units across the portfolio
- Attached one‑car garage for every unit
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
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a private one-car garage, with options to acquire multiple buildings together.
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: Eight quadplexes available individually or in packages of 2 to 8 buildings; Up to 32 units across the portfolio; Attached one‑car garage for every unit
