Four-Unit Brick
For Sale
$490,000
Pending
5827 6th Street, Lubbock, TX 79416
Residential Income, Lubbock, TX
Property Size4,924 SF
Lot Size0.23 Acres
Days on Market24
Property Features for 5827 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bedroom 11, Bedroom 5, Bathroom 8, Bedroom 8, Bedroom 3, Bedroom 7, Bathroom 1, Bathroom 7, Bedroom 6, Bedroom 2, Bedroom 10, Bedroom 4, Bedroom 12, Bedroom 9, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 6
Parking features
Garage
Interior features
Ceiling Fan(s), Pantry, Walk-In Closet(s)
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
8
Standard status
Pending
APN
R70518
Size
4,924 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
CROWS NEST L 9A1
Tax Annual Amount
8621
Legal Description
CROWS NEST L 9A1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2004
Floors in Building
2
Number of units
4
Flooring type
Varies, Vinyl, Carpet, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Joy Daniel · License #0525754
(806) 535-1206
Added: Sep 15
Changed: Oct 1
Last Checked: Oct 8 at 3:06AM
MLS# 202612802
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 four-unit property at 5827 6th Street in Lubbock contains 4,924 square feet and was built in 2004. All residences share a three-bedroom, two-bath configuration with open living areas, kitchens with pantries, primary suites, walk-in closets, and washer and dryer connections. Private balconies and oversized attached two-car garages provide additional resident amenities and storage. Interior finishes include tile, vinyl, and carpet, with central electric air conditioning and natural gas heating.
The 0.23-acre property is served by public water and public sewer and features brick construction with a composition roof. Located in Frenship ISD, the asset is professionally managed and described as income-producing. Its four-unit configuration and consistent floor plans offer a straightforward multifamily format at an established Lubbock address.
The 0.23-acre property is served by public water and public sewer and features brick construction with a composition roof. Located in Frenship ISD, the asset is professionally managed and described as income-producing. Its four-unit configuration and consistent floor plans offer a straightforward multifamily format at an established Lubbock address.
Key Highlights
- Four‑unit multifamily property with 4,924 square feet
- Each unit includes 3 bedrooms and 2 bathrooms
- Private balcony and oversized attached 2‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,474
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,480
$889.5K
Cap Rate 7%
$635,343
$635.3K
Cap Rate 9%
$494,156
$494.2K
Market Conditions
NOI Build-Up for 4,924 SF
Gross rent
$68.0K $13.80/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$63.5K $12.90/SF
− OpEx
−$19.1K −$3.87/SF
NOI
$44.5K $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%
$889,480
Cap Rate 7%
$635,343
Cap Rate 9%
$494,156
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 authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
325
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a three-bedroom, two-bath layout with a balcony and attached garage.
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 multifamily property with 4,924 square feet; Each unit includes 3 bedrooms and 2 bathrooms; Private balcony and oversized attached 2‑car garage for each residence
