4-Unit Quadplex with
New
For Sale
$360,000
5604 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 5604 Brownfield Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7
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
23112
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
Central, Natural Gas
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 6:06AM
MLS# 202614241
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 four-unit quadplex provides 3,680 square feet of building area on a 0.64-acre parcel. Built in 1991, the property has brick construction and an attached one-car garage for each unit. Interior climate systems include central air conditioning and central natural gas heat, with ceiling fans also listed.
Key Highlights
- Four units, each with an attached one‑car garage
- 3,680 square feet of building area on 0.64 acres
- Built in 1991 with brick construction
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
585
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has an attached one-car garage, with central air conditioning and natural gas heat.
Where is this quadplex located?
The property is located at 5604 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: Four units, each with an attached one‑car garage; 3,680 square feet of building area on 0.64 acres; Built in 1991 with brick construction
