Lubbock Triplex with Large
1625 County Rd 7340 Lubbock, TX 79423
1625 County Rd 7340, Lubbock, TX, 79423
$475,000
For Sale
$475,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size4,490 SF
Lot Size0.60 Acres
Price / SF$105.79
Days on Market198
Property Features for 1625 County Rd 7340
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 5, Bathroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking features
- Garage
- Window features
- Window Coverings
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Walk-In Closet(s)
- Appliances
- Dishwasher, Electric Oven, Electric Range, Microwave
- Standard status
- Active
- APN
- R353955
- Size
- 4,490 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Description
- Blk E Sec 15 AB 39 TR R6B AC: .603
- Tax Annual Amount
- 5993
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2021
- Number of units
- 3
- Building materials
- Metal Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agency
WestMark Companies
(806) 794-6000
Listed by
Danny Clark · License #0621740
(806) 787-6138
Added: Jan 5 Updated: Jul 18 at 8:35AM Checked: Jul 22 at 11:06PM
MLS# 202600108
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.
Investment Insights
Based on property information with market context.
This property presents a great investment opportunity, featuring a triplex with three units that include large bedrooms and living areas. Each unit is equipped with a laundry room and a back patio. Units A and B are one-bedroom units with one and a half baths, and each has an oversized one-car garage. Unit C offers three large bedrooms and two full baths. The property is located in Lubbock, TX, within Lubbock County, and has a total size of 4490 square feet on a lot of 0.6 acres.
Key Highlights
- Three‑unit property built in 2021, each unit with a laundry room and a back patio
- Units A and B: 1 bedroom with 1.5 baths, each with an oversized 1‑car garage
- Unit C features 3 bedrooms and 2 full baths
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 | $62.0k | $13.80 |
| − Vacancy | −$4.0k | −$0.90 |
| EGI | $57.9k | $12.90 |
| − OpEx | −$17.4k | −$3.87 |
| NOI | $40.6k | $9.03 |
4,490 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.3K
$506.9K – $675.9K
NOI $40,554 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.13M
$990.5K – $1.32M
NOI $79,236 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Investment opportunity: triplex with spacious units, laundry, and patios.
Where is this triplex located?
The property is located at 1625 County Rd 7340 Lubbock, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit property built in 2021, each unit with a laundry room and a back patio; Units A and B: 1 bedroom with 1.5 baths, each with an oversized 1‑car garage; Unit C features 3 bedrooms and 2 full baths
