Duplex with Matching Unit
For Sale
$155,000
6518 Temple Ave #1-2, Lubbock, TX 79412
Two three-bedroom residences share an open kitchen and living area, with vinyl flooring throughout.
Property Size1,500 SF
Price / SF$103.33
Days on Market12
Property Features for 6518 Temple Ave #1-2
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
2019
Listing Agency:
Aycock Realty Group, LLC
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Sep 29
Changed: Oct 7
Last Checked: Oct 9 at 7:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aycock Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains two matching units, each arranged with three bedrooms and one bathroom. The bathroom includes a tub-and-shower combination, while vinyl flooring and an open connection between the kitchen and living room define the interior layout.
The property totals 1,500 square feet and is located at 6518 Temple Ave in Lubbock, Texas.
The property totals 1,500 square feet and is located at 6518 Temple Ave in Lubbock, Texas.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,500 square feet total
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,548
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,960
$271.0K
Cap Rate 7%
$193,543
$193.5K
Cap Rate 9%
$150,533
$150.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.4K $12.90/SF
− OpEx
−$5.8K −$3.87/SF
NOI
$13.5K $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%
$270,960
Cap Rate 7%
$193,543
Cap Rate 9%
$150,533
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 79412, TX
14,834
Population
6,480
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
4,636
Density / Sq Mi
$47,306
Median Household Income
$29,233
Median Earnings
$964
Median Rent
$117,200
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?
Duplex - Two three-bedroom residences share an open kitchen and living area, with vinyl flooring throughout.
Where is this duplex located?
The property is located at 6518 Temple Ave #1-2 Lubbock, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,500 square feet total; Built in 2019
