Quadplex with Garage
New
For Sale
$595,000
5806 6th Street, Lubbock, TX 79416
Residential Income, Lubbock, TX
Property Size4,160 SF
Lot Size0.26 Acres
Price / SF$143.03
Days on Market1
Property Features for 5806 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
6
Full bathrooms
4
Half bathrooms
4
Rooms
Bathroom 7, Bathroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 8, Bathroom 8, Bathroom 5, Bedroom 7, Bathroom 3, Bedroom 6
Parking features
Garage
Fireplace
1
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
8
Standard status
Active
APN
R70318
Size
4,160 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
Crows Nest L 3
Tax Annual Amount
4462
Legal Description
Crows Nest L 3
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Building materials
Brick Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Mark Murray · License #0590317
(806) 831-8436
Added: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# 202614185
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 4,160-square-foot quadplex was built in 1984 on a 0.26-acre lot. Its exterior is brick veneer beneath a composition roof. Interior features include central heating, central air conditioning, ceiling fans and fireplaces, and garage parking.
The broader Lubbock portfolio comprises 25 properties and 35 rentable doors. The portfolio is described as fully occupied, with all units currently rented.
The broader Lubbock portfolio comprises 25 properties and 35 rentable doors. The portfolio is described as fully occupied, with all units currently rented.
Key Highlights
- 4,160 square feet on a 0.26‑acre lot
- Built in 1984
- Brick veneer construction with a composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,574
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,480
$751.5K
Cap Rate 7%
$536,771
$536.8K
Cap Rate 9%
$417,489
$417.5K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$57.4K $13.80/SF
− Vacancy
−$3.7K −$0.90/SF
EGI
$53.7K $12.90/SF
− OpEx
−$16.1K −$3.87/SF
NOI
$37.6K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,480
Cap Rate 7%
$536,771
Cap Rate 9%
$417,489
Alternative Uses
Best Use
Multifamily LT 5
$536.8K
$469.7K – $626.2K
NOI $37,574 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$482.0K
$421.7K – $562.3K
NOI $33,737 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.05M
$917.7K – $1.22M
NOI $73,412 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
35
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
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 - The brick-veneer building has central heating and air conditioning, with ceiling fans and fireplaces.
Where is this quadplex located?
The property is located at 5806 6th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,160 square feet on a 0.26‑acre lot; Built in 1984; Brick veneer construction with a composition roof
