Townhome Investment
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 Market12
Property Features for 5802 Urbana Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
- 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
- Central Air, Ceiling Fan(s)
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 19 at 3:06 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.
Well-maintained 3-bedroom, 2-bath townhome featuring a functional layout and spacious living areas. The property includes an attached 2-car garage and a total size of 1,422 square feet, situated on a 0.09-acre lot.
Located at 5802 Urbana Place in Lubbock, TX 79407, the home is within Frenship ISD and convenient to Ridgewood Elementary and Alcove Trails Middle School. The area also provides access to nearby shopping, dining, and major roads.
Located at 5802 Urbana Place in Lubbock, TX 79407, the home is within Frenship ISD and convenient to Ridgewood Elementary and Alcove Trails Middle School. The area also provides access to nearby shopping, dining, and major roads.
Key Highlights
- 3‑bedroom, 2‑bath townhome with a 2‑car garage
- Built in 2023 with brick construction and a composition roof
- Central heating and central air conditioning, plus ceiling fans
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 | $19.6k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $18.3k | $12.90 |
| − OpEx | −$5.5k | −$3.87 |
| NOI | $12.8k | $9.03 |
1,422 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.5K
$160.6K – $214.1K
NOI $12,844 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$164.7K
$144.2K – $192.2K
NOI $11,532 @ 7.0% cap · market cap 5.52%
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
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained 3-bedroom, 2-bath townhome with a 2-car garage on a small lot.
Where is this quadplex 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: 3‑bedroom, 2‑bath townhome with a 2‑car garage; Built in 2023 with brick construction and a composition roof; Central heating and central air conditioning, plus ceiling fans
