Two-Unit
6518 Temple Avenue, Lubbock, TX 79412
For Sale
$155,000
Residential Income, Lubbock, TX
Property Size1,500 SF
Lot Size0.16 Acres
Price / SF$103.33
Days on Market47
Property Features for 6518 Temple Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Interior features
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Realty Refined · RE/MAX International
(806) 799-4200
Listed By:
Scott Toman · License TX #0468252
(806) 787-6571
Added: Sep 25
Changed: Oct 27
Last Checked: Nov 10 at 8:06PM
MLS# 202613282
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.
Built in 2019, this duplex contains 1,500 square feet across two residences. Each unit has three bedrooms and one bathroom, with a combined tub and shower. Vinyl flooring runs through the interiors, and each kitchen opens to the living room. The 0.16-acre property is served by public water and sewer.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 1,500 square feet of building area on 0.16 acres
- Constructed 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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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
$117,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
Properties on Market for Duplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, one bathroom, and an open kitchen connected to the living area.
Where is this duplex located?
The property is located at 6518 Temple Avenue 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 residences, each with 3 bedrooms and 1 bathroom; 1,500 square feet of building area on 0.16 acres; Constructed in 2019
