Turnkey Quadplex with Private
5827 6th Street Lubbock, TX 79416
5827 6th Street, Lubbock, TX, 79416
$490,000
For Sale
$490,000
MULTI_FAMILY - Lubbock, TX
Property Size4,924 SF
Lot Size0.23 Acres
Price / SF$99.51
Days on Market24
Property Features for 5827 6th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 8, Bedroom 10, Bathroom 1, Bedroom 7, Bedroom 3, Bathroom 7, Bathroom 6, Bedroom 12, Bedroom 6, Bedroom 8, Bedroom 11, Bedroom 9, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 5
- Parking features
- Garage
- Interior features
- Ceiling Fan(s), Pantry, Walk-In Closet(s)
- Standard status
- Active
- APN
- R70518
- Size
- 4,924 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- Crows Nest L 9A1
- Tax Annual Amount
- 8152
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile, Vinyl, Varies
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
WestMark Companies
(806) 794-6000
4105 84th Street, Lubbock, TX
Listed by
Joy Daniel · License #0525754
(806) 535-1206
Added: Jun 24 Checked: Jul 17 at 10:06 am
MLS# 202608644
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 turnkey quadplex offers four well-designed, income-producing units, each with an identical 3-bedroom, 2-bath layout. Inside, the living area opens to a well-equipped kitchen with a pantry. The primary suite includes a walk-in closet and an ensuite bath with a tub/shower combination. Each unit also has washer/dryer connections for added convenience. A private balcony is included with every unit, and an oversized attached 2-car garage adds substantial storage and tenant appeal.
The property is located at 5827 6th Street in Lubbock, Texas 79416, within Frenship ISD. The community configuration and residential income focus make it straightforward for buyers looking for a multi-unit setup managed under an established operating model.
For investors or owner-operators seeking a manageable, turn-key residential income property, the consistent unit design can simplify leasing and day-to-day operations. Professionally managed and described as well maintained, the quadplex is built around practical in-unit features like private outdoor space, in-unit laundry hookups, and attached garage storage, supporting strong livability for renters.
The property is located at 5827 6th Street in Lubbock, Texas 79416, within Frenship ISD. The community configuration and residential income focus make it straightforward for buyers looking for a multi-unit setup managed under an established operating model.
For investors or owner-operators seeking a manageable, turn-key residential income property, the consistent unit design can simplify leasing and day-to-day operations. Professionally managed and described as well maintained, the quadplex is built around practical in-unit features like private outdoor space, in-unit laundry hookups, and attached garage storage, supporting strong livability for renters.
Key Highlights
- Four‑unit quadraplex in Frenship ISD, built in 2004.
- Each unit offers the same 3‑bedroom, 2‑bath layout with a spacious living area and kitchen with pantry.
- Primary suite includes a walk‑in closet and ensuite bath with tub/shower combination.
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 | $68.0k | $13.80 |
| − Vacancy | −$4.4k | −$0.90 |
| EGI | $63.5k | $12.90 |
| − OpEx | −$19.1k | −$3.87 |
| NOI | $44.5k | $9.03 |
4,924 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$635.3K
$555.9K – $741.2K
NOI $44,474 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$570.5K
$499.2K – $665.6K
NOI $39,933 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,895 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four identical 3-bed, 2-bath units with balconies and attached 2-car garages, professionally managed for consistent turnkey ownership.
Where is this quadplex located?
The property is located at 5827 6th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Four‑unit quadraplex in Frenship ISD, built in 2004.; Each unit offers the same 3‑bedroom, 2‑bath layout with a spacious living area and kitchen with pantry.; Primary suite includes a walk‑in closet and ensuite bath with tub/shower combination.
