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    Split-Level Quadplex Opportunity
    Updated: Apr 4
    Split-Level Quadplex Opportunity

    5845 7th Street, Lubbock, TX 79416

    $485,000
    4,924 sqft 0.27 AC lot
    Quadruplex with 4 fully occupied units, each about 1,231 SF with 3 bedrooms and 2 bathrooms
    Each unit includes 2‑car garages, with additional driveway parking
    Split‑level construction built in 2004 with brick and wood siding and a composition roof
    Exterior updates include freshly painted exterior within the past year
    Units feature an open floorplan, ceiling fan(s), and central cooling
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    This listing looks promising.

    Here's a quick look at some key insights for

    5845 7th Street, Lubbock, TX 79416

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $635K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 2004
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    Five-Unit Apartment Building
    Updated: Jul 1
    Five-Unit Apartment Building

    3404 25th Street, Lubbock, TX 79410

    $1,575,000
    11,170 sqft 0.37 AC lot
    2018‑built 5‑unit complex with each unit featuring 4 bedrooms and 4.5 bathrooms.
    Each unit includes a refrigerator and washer/dryer.
    Balconies in each unit, plus rain gutters and exterior lighting.
    Interior features include granite counters, recessed lighting, walk‑in closets, and ceiling fans.
    Natural gas heating and electric cooling.
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    Four-Unit Townhome Building
    Four-Unit Townhome Building

    7030-7036 41st Street, Lubbock, TX 79407

    $895,000
    5,974 sqft 0.33 AC lot

    Under-construction four-unit townhome building with metal siding and xeriscape yards in Lubbock, Texas.

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    Lubbock Multifamily Investment Package
    Lubbock Multifamily Investment Package

    Package Property 6th Street, Lubbock, TX 79416

    $1,200,000
    11,518 sqft 0.62 AC lot

    Turn-key multifamily investment package near universities and schools.

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    New Construction Townhome Investment
    New Construction Townhome Investment

    7030 41st St, Lubbock, TX 79407

    $895,000
    5,974 sqft

    Four-unit townhome in a flourishing West Lubbock location.

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    Townhome-Style Multifamily Property
    Townhome-Style Multifamily Property

    2610-2618 136th Street, Lubbock, TX 79423

    $875,000
    6,640 sqft 0.36 AC lot

    Five well-maintained townhomes with rear-entry garages and xeriscape yards across from Lubbock Cooper East Elementary.

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    Townhome Multifamily with Rear Garages
    Townhome Multifamily with Rear Garages

    2620-2628 136th Street, Lubbock, TX 79423

    $875,000
    6,688 sqft 0.37 AC lot

    Well-built townhomes offer xeriscape yards and rear-entry garages, with 2- and 3-bedroom unit layouts.

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    Turnkey Quadplex with Private Balconies
    Turnkey Quadplex with Private Balconies

    5827 6th Street, Lubbock, TX 79416

    $490,000
    4,924 sqft 0.23 AC lot

    Four identical 3-bed, 2-bath units with balconies and attached 2-car garages, professionally managed for consistent turnkey ownership.

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    Student Housing Near Texas Tech
    Student Housing Near Texas Tech

    2007 Main St, Lubbock, TX 79401

    $5,500,000
    13,680 sqft

    26-bed student housing property approximately 1.2 miles from Texas Tech.

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    Turnkey Quadplex With Private Balconies
    Turnkey Quadplex With Private Balconies

    5839 7th Street, Lubbock, TX 79416

    $490,000
    4,924 sqft 0.26 AC lot

    Quadraplex featuring identical 3-bedroom, 2-bath units with washer/dryer connections and private balconies.

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    Four Townhome Investment Package
    Four Townhome Investment Package

    5512 Kemper Street, Lubbock, TX 79416

    $700,000
    5,652 sqft 0.30 AC lot

    Four like-new townhomes built in 2022, with all units currently leased and configured as two 3-bedroom and two 2-bedroom homes.

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    Updated Duplex Near 82nd
    Updated Duplex Near 82nd

    8106 Avenue V, Lubbock, TX 79423

    $224,000
    2,090 sqft 0.16 AC lot

    Turn-key duplex with updated units, private entrances, and garages.

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    Four-Unit Quadplex Investment
    Four-Unit Quadplex Investment

    7405 Avenue X, Lubbock, TX 79423

    $309,900
    5,364 sqft 0.24 AC lot

    Four-unit quadplex with each unit featuring two bedrooms and two bathrooms, with some updates throughout.

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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 offers two side-by-side units, each with two bedrooms, a garage, and a private backyard.

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    Central Lubbock Duplex Package
    Central Lubbock Duplex Package

    3511-3519 35th Street, Lubbock, TX, USA, Lubbock, TX 79413

    $999,000
    10,725 sqft

    Five duplexes for sale in Central Lubbock.

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    Tenant-Occupied Duplex Investment
    Tenant-Occupied Duplex Investment

    2008 54th Street, Lubbock, TX 79412

    $160,000
    2,262 sqft 0.20 AC lot

    Side-by-side duplex with two-bedroom units, each with a private yard and one-car garage.

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    Value-Add 12-Unit Apartment Package
    Value-Add 12-Unit Apartment Package

    1708 18th Street, Lubbock, TX 79401

    $299,000
    7,520 sqft 0.22 AC lot

    Four-building multi-family package near Texas Tech and the medical district, offering individual electric metering per unit.

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    Lubbock Duplex Near Texas Tech
    Lubbock Duplex Near Texas Tech

    4902 66th Street, Lubbock, TX 79414

    $226,000
    2,030 sqft

    Duplex with recent updates, near Texas Tech and mall.

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    Quadplex for Sale
    Quadplex for Sale

    1314 65th Drive, Lubbock, TX 79412

    $199,900
    4,079 sqft 0.29 AC lot

    Quadplex property in Lubbock, Texas, offered for sale with a compact lot and total building area.

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    Multifamily Property in Lubbock, Texas
    Multifamily Property in Lubbock, Texas

    3508 E Colgate Street, Lubbock, TX 79403

    $465,000
    5,406 sqft 0.88 AC lot

    Multifamily property with high occupancy and strong cap rate.

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    Leased Duplex with Two 3BR Units
    Leased Duplex with Two 3BR Units

    209 36th Street, Lubbock, TX 79404

    $145,000

    Duplex for sale with both units leased, each offering three bedrooms and an open kitchen/living layout.

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    Duplex with Two 3BR Units
    Duplex with Two 3BR Units

    1915 Langford Avenue, Lubbock, TX 79407

    $375,000
    3,008 sqft 0.16 AC lot

    Each side offers open-concept 3-bedroom, 2-bath living with a 1-car garage and low-maintenance zero-scape landscaping.

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    Fully Tenant-Occupied Duplex
    Fully Tenant-Occupied Duplex

    2008 54th Street, Lubbock, TX 79412

    $160,000

    Side-by-side duplex with updated roof and sewer work, offering two-bedroom, one-bath units with private yards.

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    2018-Built Duplex With Separately Metered Units
    2018-Built Duplex With Separately Metered Units

    113 36th Street, Lubbock, TX 79404

    $135,000
    1,500 sqft 0.13 AC lot

    Turnkey 2018 duplex with two 3-bedroom, 1-bath units; each unit has separate utilities via individual metering.

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    Lubbock, TX Multifamily Properties Market Trends and Statistics

    Explore 154 multifamily properties for sale in Lubbock, TX, showcased through 154 active listings on our real estate platform. These investment opportunities span a total of 466,361 square feet of properties for sale, with an estimated market value of $54,214,472.

    Sale prices for multifamily properties in Lubbock, TX start at $49,900, averaging $392,858, and reaching up to $5,500,000 — 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 109
    Quadplexes 20
    Apartment buildings 13
    Triplexes 9
    Short term rental properties 4

    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
    79404 $222.4K
    79414 $226K
    79415 $230.2K
    79412 $319.7K
    79411 $350.7K

    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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    Most Searched ZIP Codes in Lubbock, TX

    • 79423
    • 79416
    • 79407
    • 79412
    • 79411
    • 79404
    • 79413
    • 79403
    • 79415
    • 79401
    • 79410
    • 79424

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