Lubbock Duplex with Immediate
6320 7th Street Lubbock, TX 79416
6320 7th Street, Lubbock, TX, 79416
$245,000
Pending
For Sale
$245,000
Pending
MULTI_FAMILY - Lubbock, TX
Property Size2,357 SF
Lot Size0.15 Acres
Days on Market126
Property Features for 6320 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 4
- Parking features
- On Street, Garage, Driveway, Off Street
- Exterior features
- Private Yard
- Fireplace
- 1
- Standard status
- Pending
- APN
- R172820
- Size
- 2,357 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Westchester Park L 753
- Tax Annual Amount
- 3746
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agency
Brick & Loft Realty
(806) 999-0722
Listed by
Travis Turner · License #0660475
(806) 577-2508
Added: Mar 18 Updated: Jul 11 at 8:37PM Checked: Jul 21 at 10:06PM
MLS# 202603568
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 duplex in Lubbock, Texas, offers immediate income potential. It is suitable for investors or those interested in house hacking. The property features a functional layout, with each side including 2 bedrooms, 2 bathrooms, and a 1-car garage. The building is in good condition. Situated on a lot of approximately 0.15 acres, the property has a total size of 2357 square feet. Both sides of the duplex are currently leased under long-term contracts.
Key Highlights
- Duplex built in 2003 with brick construction and composition roof
- Each side has a 2‑bedroom, 2‑bath layout and 1‑car garage
- Both sides are currently leased on long‑term contracts
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 | $32.5k | $13.80 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $30.4k | $12.90 |
| − OpEx | −$9.1k | −$3.87 |
| NOI | $21.3k | $9.03 |
2,357 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,289 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$273.1K
$238.9K – $318.6K
NOI $19,115 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$594.2K
$519.9K – $693.2K
NOI $41,594 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex in good condition, currently leased, great for investors.
Where is this duplex located?
The property is located at 6320 7th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Duplex built in 2003 with brick construction and composition roof; Each side has a 2‑bedroom, 2‑bath layout and 1‑car garage; Both sides are currently leased on long‑term contracts
