New Turnkey Townhome Investment
5825 Virginia Avenue, Lubbock, TX 79407
MULTI_FAMILY - Other - Lubbock, TX
Property size:
6,090 SFLot size:
0.10 AcresPrice / SF:
$131/SF- Added:
- May 13, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 1 at 8:06 pm
Property Features for 5825 Virginia Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 7, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 8, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 3
- Parking features
- Open, Off Street, Driveway, Garage
- Window features
- Blinds
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Kitchen Island, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
- Exterior features
- Private Yard
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Microwave, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- R345482
- Size
- 6,090 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- Escondido Crossing L 311
- Tax Annual Amount
- 4334
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Number of units
- 4
- Flooring type
- Plank, Carpet
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jennifer McCormick License #0689235 (432) 955-4897
Listing office Home Grown Real Estate Co. 150 W FM 2306, Levelland, TX (432) 955-4897
Listing date May 13, 2026
MLS# 202606436
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.
HighLights
- Turnkey Investment: Fully occupied 4‑townhome community with proven rental income.
- New Construction: Built in 2023, ensuring modern features and minimal initial maintenance.
- Low‑Maintenance Design: Turf yards and durable construction for long‑term efficiency.
- Modern Open‑Concept Layouts with contemporary finishes.
- Variety of Unit Sizes: Includes both 3‑bedroom/2‑bath and 2‑bedroom/2‑bath units.
- Desirable Features: Includes stainless steel appliances, solid surface counters, kitchen island, and private yards.
Overview
Built in 2023, this fully occupied four-townhome community presents a turnkey investment opportunity with established rental income. The property features a modern, open-concept design with low-maintenance characteristics. Each unit is move-in ready and includes turf in the front and back yards for ease of maintenance and long-term efficiency. The property consists of two townhomes with three bedrooms, two bathrooms, and two-car garages, and two townhomes with two bedrooms, two bathrooms, and one-car garages. All units share the same thoughtfully designed floor plan, featuring contemporary finishes, functional layouts, and durable construction. The property size is 6090 square feet on a lot of 0.1 acres. The property's strong occupancy and low-maintenance design make it a potentially suitable long-term addition to an investment portfolio. Located in Lubbock, Texas, this residential income property offers a promising opportunity for investors seeking a stable and well-maintained asset.
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 | $84.0k | $13.80 |
| − Vacancy | −$5.5k | −$0.90 |
| EGI | $78.6k | $12.90 |
| − OpEx | −$23.6k | −$3.87 |
| NOI | $55.0k | $9.03 |
6,090 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$785.8K
$687.6K – $916.8K
NOI $55,005 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,471 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.980445
- Latitude
- 33.540292
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - New four-unit townhome community with proven rental income in place.
Where is this quadplex located?
The property is located at 5825 Virginia Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Turnkey Investment: Fully occupied 4‑townhome community with proven rental income.; New Construction: Built in 2023, ensuring modern features and minimal initial maintenance.; Low‑Maintenance Design: Turf yards and durable construction for long‑term efficiency.
