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$1,485,000

NAL Estimated Property Value

5909 E 4th, Lubbock, TX, 79403

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths6,275 Sq Ft
Multi FamilyMulti Family
price_per_sqft$236.65 / sqft
Year BuiltBuilt in 2000

About this property

This rural apartment complex in the Roosevelt school district consists of 27 total units with two laundry facilities, a large workshop, and a maintenance garage/storage. The apartment units are housed in three duplex units, five individual rental units, four single-family homes, and three four-unit apartment buildings. These buildings are spread out over eight acres of land. 24 of the 27 units are occupied. With country appeal and the charm of being outside the city, Chipper Point apartments is a popular location for tenants. The interior condition of these apartments is good. The walls and ceilings are all sheetrock and the floors range from carpets, hardwoods to glue down vinyl. There are single light fixtures as well as ceiling fans with light kits in the rooms. The kitchens have full appliance packages(range/oven, refrigerator, and double-well stainless steel sinks, and wood cabinets with laminate countertops. Some units have dishwashers. See more details attached.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,910 /month
Positive
Cash Flow Estimate:
$2,970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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5909 E 4th | Property Details | No Agent List