Package Property 6th Street, Lubbock, TX 79416
MULTI_FAMILY - Lubbock, TX
- Added:
- Apr 22, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 9 at 1:06 am
Property Features for Package Property 6th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 28
- Bathrooms
- 20
- Rooms
- Bedroom 10, Bedroom 11, Bedroom 28, Bathroom 6, Bathroom 17, Bedroom 23, Bedroom 15, Bedroom 25, Bedroom 24, Bedroom 1, Bathroom 8, Bathroom 11, Bathroom 18, Bedroom 14, Bedroom 4, Bedroom 27, Bathroom 3, Bathroom 5, Bedroom 21, Bathroom 2, Bedroom 20, Bedroom 26, Bathroom 13, Bathroom 19, Bedroom 19, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 17, Bathroom 15, Bathroom 1, Bathroom 12, Bathroom 7, Bedroom 13, Bedroom 2, Bathroom 10, Bedroom 7, Bathroom 14, Bathroom 16, Bathroom 4, Bedroom 5, Bathroom 9, Bedroom 3, Bedroom 18, Bedroom 16, Bathroom 20, Bedroom 22, Bedroom 8
- Parking features
- Garage, Driveway, Off Street
- Interior features
- Ceiling Fan(s), Pantry, Walk-In Closet(s)
- Fireplace
- 1
- Standard status
- Active
- APN
- R70952
- Size
- 11,518 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Description
- See LCAD
- Tax Annual Amount
- 18868
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Joy Daniel License #0525754 (806) 535-1206
Listing office WestMark Companies 4105 84th Street, Lubbock, TX (806) 794-6000
Listing date Apr 22, 2026
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
- Turn‑key investment package with solid rental returns and professional management in place.
- Package includes two quads (built in 2004) and a duplex (built in 1985) for a total of 10 units.
- Excellent location near Texas Tech University and Lubbock Christian University.
- Consistent rental income of $9,925 per month for all units.
- Quads feature 3 bedrooms, 2 baths, and attached 2‑car garages; Duplex units have 2 bedrooms and 2 baths.
- New roof on the duplex, refrigerators included, and washer/dryer connections in all units.
Overview
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 | $158.9k | $13.80 |
| − Vacancy | −$10.3k | −$0.90 |
| EGI | $148.6k | $12.90 |
| − OpEx | −$44.6k | −$3.87 |
| NOI | $104.0k | $9.03 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.941703
- Latitude
- 33.590043
