Eight-Unit Duplex
New
For Sale
$1,200,000
5804 96th Street, Lubbock, TX 79424
Residential Income, Lubbock, TX
Property Size11,168 SF
Lot Size0.76 Acres
Price / SF$107.45
Days on Market2
Property Features for 5804 96th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
24
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 23, Bathroom 3, Bathroom 5, Bedroom 17, Bedroom 12, Bathroom 1, Bedroom 9, Bathroom 9, Bedroom 16, Bathroom 8, Bedroom 13, Bedroom 3, Bedroom 7, Bathroom 11, Bedroom 5, Bathroom 13, Bedroom 18, Bedroom 20, Bathroom 12, Bedroom 8, Bedroom 14, Bedroom 2, Bedroom 10, Bedroom 15, Bedroom 22, Bedroom 21, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 10, Bedroom 24, Bedroom 11, Bathroom 6, Bathroom 16, Bedroom 6, Bathroom 7, Bedroom 19, Bathroom 14, Bathroom 15
Parking features
Garage
Fireplace
1
Elementary school
Westwind
Middle school
Heritage
High school
Frenship
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
7
Standard status
Active
APN
R174182,R174183,R304093,R304094
Size
11,168 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Description
DAY ESTATES L 83,84,91,92
Tax Annual Amount
20540
Legal Description
DAY ESTATES L 83,84,91,92
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2003
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
Jarrett Thornton
(806) 781-6740
Listed By:
Jarrett Thornton · License #0726551
(806) 794-7777
Added: Oct 13
Last Checked: Oct 14 at 8:06AM
MLS# 202614096
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 multifamily property comprises four duplexes with eight units and 11,168 square feet of building area. Built in 2003, the brick buildings have central heating and central air conditioning, garage parking, and fireplaces. The property occupies 0.76 acres and is described as fully occupied.
Key Highlights
- Four duplexes totaling 8 units
- 11,168 square feet of building area on 0.76 acres
- Built in 2003 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,572
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,811,440
$1.8M
Cap Rate 7%
$1,293,886
$1.3M
Cap Rate 9%
$1,006,356
$1.0M
Market Conditions
NOI Build-Up for 11,168 SF
Gross rent
$175.6K $15.72/SF
− Vacancy
−$10.9K −$0.97/SF
EGI
$164.7K $14.75/SF
− OpEx
−$74.1K −$6.64/SF
NOI
$90.6K $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%
$1,811,440
Cap Rate 7%
$1,293,886
Cap Rate 9%
$1,006,356
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,572 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.46M – $3.28M
NOI $197,084 @ 7.0% cap · market cap 16.42%
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
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four brick duplexes feature central heating and air conditioning, garage parking, and fireplaces.
Where is this multifamily property located?
The property is located at 5804 96th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four duplexes totaling 8 units; 11,168 square feet of building area on 0.76 acres; Built in 2003 with brick construction
