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    Lubbock, TX Multifamily Properties for Sale

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    Four-Unit Quadplex with Private Balconies
    Updated: Jun 24
    Four-Unit Quadplex with Private Balconies

    5827 6th Street, Lubbock, TX 79416

    $490,000
    4,924 sqft 0.23 AC lot
    Four identical 3‑bedroom, 2‑bath units
    Private balcony for each unit
    Washer/dryer connections in each unit
    Oversized attached 2‑car garage for added storage
    Brick construction with composition roof, built in 2004
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    This listing looks promising.

    Here's a quick look at some key insights for

    5827 6th Street, Lubbock, TX 79416

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $635K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 2004
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    5-Unit Apartment Building
    Updated: Aug 18
    5-Unit Apartment Building

    3404 25th Street, Lubbock, TX 79410

    $1,575,000
    11,170 sqft 0.37 AC lot
    5‑unit apartment property totaling 11,170 square feet
    Each unit includes 4 bedrooms and 4.5 bathrooms
    Built in 2018 on a 0.37‑acre site
    Private balcony, washer/dryer, and refrigerator in every unit
    Granite counters, recessed lighting, walk‑in closets, and storage
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    Brick Five-Townhome Apartment Building
    Brick Five-Townhome Apartment Building

    2610-2618 136th Street, Lubbock, TX 79423

    $875,000
    6,640 sqft 0.36 AC lot

    2022-built brick townhomes with private yards, private entrances, and central HVAC are set up for easy tenant occupancy.

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    Townhome-Style Apartment Building
    Townhome-Style Apartment Building

    2620-2628 136th Street, Lubbock, TX 79423

    $875,000
    6,688 sqft 0.37 AC lot

    Five brick townhome units built in 2022 with rear-entry garages and private yards across from Lubbock Cooper East Elementary.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Nine-House Multifamily Property
    Nine-House Multifamily Property

    7603 Alcove Avenue # A-d, Lubbock, TX 79407

    $1,100,000
    9,752 sqft 4.00 AC lot

    Existing rental houses generate current income alongside plans for future property redevelopment.

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    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    2123 15th Street, Lubbock, TX 79401

    $550,000
    7,768 sqft 0.15 AC lot

    Two-story multifamily property with varied unit layouts and a substantial first-floor shop.

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    Remodeled Short-Term Rental Property
    Remodeled Short-Term Rental Property

    2406 28th Street, Lubbock, TX 79411

    $1,200,000
    1,680 sqft 0.18 AC lot

    Four-bedroom property with three bathrooms and a flexible short-term rental configuration near Texas Tech University.

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    Townhome Community with Rear-Entry Garages
    Townhome Community with Rear-Entry Garages

    26202628 2620-2628 136th St, Lubbock, TX 79423

    $875,000
    6,688 sqft

    Five well-built townhomes include three 2BR/2BA and two 3BR/2BA end units, each with a rear-entry garage.

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    Brick Quadplex with Off-Street Parking
    Brick Quadplex with Off-Street Parking

    1345 65th Drive, Lubbock, TX 79412

    $259,000
    5,500 sqft 0.28 AC lot

    Four-unit property offers mixed two- and three-bedroom layouts with fenced grounds.

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    Vacant Quadplex With Courtyard
    Vacant Quadplex With Courtyard

    1316 65th Drive, Lubbock, TX 79412

    $199,000
    4,079 sqft 0.30 AC lot

    Brick veneer construction includes balconies, a courtyard, and driveway parking.

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    New 4-Unit Townhome Building
    New 4-Unit Townhome Building

    7029 40th St, Lubbock, TX 79407

    $796,000
    5,300 sqft

    Newly constructed Class A 4-unit townhome building with modern finishes, built for low-maintenance, long-term ownership.

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    New Four-Unit Townhome Building
    New Four-Unit Townhome Building

    7029 40th Street, Lubbock, TX 79407

    $796,000
    5,300 sqft 0.09 AC lot

    Under-construction four-unit townhome building with central air, electric heat, and garage parking for low-maintenance ownership.

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    Tenant-Occupied Duplex with Private Yards
    Tenant-Occupied Duplex with Private Yards

    2010 54th Street, Lubbock, TX 79412

    $160,000
    2,262 sqft 0.20 AC lot

    Fully tenant-occupied duplex with two bedrooms per side, garages, and private yard space, built in 1964.

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    Apartment Building with Short-Term Rental Units
    Apartment Building with Short-Term Rental Units

    2123 15th St, Lubbock, TX 79401

    $610,000
    15,536 sqft

    Apartment building with a mix of one-bedroom units and renovated furnished short-term rental units near Texas Tech.

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    Duplex with Private Yards and Fireplace
    Duplex with Private Yards and Fireplace

    2008 54th Street, Lubbock, TX 79412

    $160,000
    2,262 sqft 0.20 AC lot

    Fully tenant-occupied duplex with two-bed units, private back yards, and a garage for each side.

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    2-Unit Duplex with Garages
    2-Unit Duplex with Garages

    9607 Avenue X, Lubbock, TX 79423

    $250,000
    2,178 sqft 0.23 AC lot

    Brick duplex with fenced private yards, functional layouts, and public water and sewer service.

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    Four-Unit Quadplex
    Four-Unit Quadplex

    5827 6th St, Lubbock, TX 79416

    $490,000
    4,924 sqft

    Identical layouts offer three-bedroom living, private balconies, and attached garage storage across the property.

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    Split-Level Duplex with Expansion Potential
    Split-Level Duplex with Expansion Potential

    714 29th Street, Lubbock, TX 79404

    $115,000
    1,056 sqft 0.29 AC lot

    Two leased one-bedroom units include appliances and recent interior updates.

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    Five-Unit Townhome Building
    Five-Unit Townhome Building

    2610-2618 136th St, Lubbock, TX 79423

    $875,000
    6,640 sqft

    Townhomes feature rear-entry garages, xeriscaped yards, and updated interior finishes across from an elementary school.

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    Duplex with Occupied Units
    Duplex with Occupied Units

    2512 81st Street, Lubbock, TX 79423

    $299,000
    2,502 sqft 0.18 AC lot

    Both residences offer two-bedroom layouts with private outdoor space and dedicated laundry areas.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1905 15th St, Lubbock, TX 79401

    $298,000
    4,006 sqft

    Two residences offer matching layouts with private garages and included appliances.

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    Duplex with Full-Size Garages
    Duplex with Full-Size Garages

    1602 102nd Street, Lubbock, TX 79423

    $365,000
    3,046 sqft 0.19 AC lot

    Two well-configured residences offer three bedrooms, two bathrooms, and private garage parking on each side.

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    New-Build Duplex with Attached Garages
    New-Build Duplex with Attached Garages

    31153117 3115 - 3117 74th St, Lubbock, TX 79423

    $429,000
    1,627 sqft

    Two three-bedroom units offer open layouts, private yards, and washer/dryer hookups.

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    Vacant Quadplex with Courtyard
    Vacant Quadplex with Courtyard

    1314 65th Drive, Lubbock, TX 79412

    $199,900
    4,079 sqft 0.29 AC lot

    Vacant multifamily property with balconies, a courtyard, and public water and sewer service.

    View details

    Lubbock, TX Multifamily Properties Market Trends and Statistics

    Explore 264 multifamily properties for sale in Lubbock, TX, showcased through 264 active listings on our real estate platform. These investment opportunities span a total of 762,956 square feet of properties for sale, with an estimated market value of $90,221,662.

    Sale prices for multifamily properties in Lubbock, TX start at $49,000, averaging $371,282, and reaching up to $7,225,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 166
    Quadplexes 32
    Apartment buildings 26
    Triplexes 14
    Mobile home & RV parks 6

    Demographics Overview

    Population 286K
    Population Growth (5Y) +0.1%
    Median Household Income $66,110
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Lubbock submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79414 $192K
    79412 $193.4K
    79404 $203.3K
    79415 $220.7K
    79413 $281.8K

    Taxes & Financing

    Tax Rate (average for all types) 1.81%
    Property Tax per SF $22.36 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lubbock County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lubbock County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lubbock fall within the 100,000+ square foot range.

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    Browse Multifamily properties for Sale Near Lubbock, TX

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    Most Searched ZIP Codes in Lubbock, TX

    • 79423
    • 79416
    • 79412
    • 79413
    • 79407
    • 79401
    • 79404
    • 79403
    • 79415
    • 79411
    • 79410
    • 79414

    Featured Lubbock Real Estate Agencies

    Realmo connects you with licensed Lubbock CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Trusted Advisors
    4924 S Loop 289 Lubbock, TX 79414
    Phone: 18067843222
    www.cblubbock.com
    LMAX LP
    4703 S. Loop 289 Lubbock, TX 79424
    Phone: 18067994200
    www.remaxlubbock.com

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