3BR Townhome with 2-Car
5802 Urbana Place Lubbock, TX 79407
5802 Urbana Place, Lubbock, TX, 79407
$209,000
For Sale
$209,000
MULTI_FAMILY - Lubbock, TX
Property Size1,422 SF
Lot Size0.09 Acres
Price / SF$146.98
Days on Market9
Property Features for 5802 Urbana Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
- Parking features
- Driveway
- Interior features
- Ceiling Fan(s)
- Fencing
- Fenced
- Standard status
- Active
- APN
- R345413
- Size
- 1,422 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- Escondido Crossing L 242
- Tax Annual Amount
- 4035
Utilities
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 2023
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Han Li · License #0739511
(864) 353-9731
Added: Jul 8 Checked: Jul 16 at 8:06 pm
MLS# 202609464
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 well-maintained townhome features three bedrooms and two bathrooms with a functional floor plan and spacious living areas. The home includes a two-car garage and is presented as low-maintenance living.
The property is located in the Frenship ISD area, with Ridgewood Elementary and Alcove Trails Middle School listed as nearby schools. It also offers convenience to shopping and dining, along with easy access to major roads.
With approximately 1,422 square feet and a lot size of about 0.09 acres, this is a straightforward residential income property option for buyers seeking a rental-focused purchase.
The property is located in the Frenship ISD area, with Ridgewood Elementary and Alcove Trails Middle School listed as nearby schools. It also offers convenience to shopping and dining, along with easy access to major roads.
With approximately 1,422 square feet and a lot size of about 0.09 acres, this is a straightforward residential income property option for buyers seeking a rental-focused purchase.
Key Highlights
- Well‑maintained 3‑bedroom, 2‑bath townhome built in 2023
- 2‑car garage with driveway parking
- Brick construction with composition roof
Local Financial Insights For Apartment 5plus
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 | $22.4k | $15.72 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $21.0k | $14.75 |
| − OpEx | −$9.4k | −$6.64 |
| NOI | $11.5k | $8.11 |
1,422 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$164.7K
$144.2K – $192.2K
NOI $11,532 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.5K
$313.7K – $418.2K
NOI $25,094 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Well-maintained townhome offering three bedrooms, two baths, and a two-car garage with a functional floor plan.
Where is this single family property located?
The property is located at 5802 Urbana Place Lubbock, TX.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Well‑maintained 3‑bedroom, 2‑bath townhome built in 2023; 2‑car garage with driveway parking; Brick construction with composition roof
