Four-Unit Townhome
7030-7036 41st Street Lubbock, TX 79407
New
7030-7036 41st Street, Lubbock, TX, 79407
$895,000
For Sale
$895,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size5,974 SF
Lot Size0.33 Acres
Price / SF$149.82
Days on Market3
Property Features for 7030-7036 41st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 10, Bathroom 4, Bathroom 8, Bedroom 9, Bedroom 7, Bedroom 6, Bathroom 7
- Parking features
- Driveway, Open, Garage
- Window features
- Double Pane Windows
- Patio and Porch features
- Patio, Porch
- Interior features
- Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Walk-In Closet(s)
- Exterior features
- Lighting, Private Entrance, Private Yard
- Fencing
- Fenced, Privacy, Gate
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Freezer, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- R348273
- Size
- 5,974 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Description
- FRENSHIP EAST L 61-64
- Tax Annual Amount
- 1732
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas, Fireplace(s)
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Williams & Company Real Estate
(806) 860-6945
918 Ave J, Lubbock, TX
Listed by
Dan Williams · License #0550528
(806) 777-1310
Added: Jul 15 Checked: Jul 17 at 11:06 am
MLS# 202609722
Listing URL
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.
Under construction at 7030-7036 41st Street in Lubbock, TX 79407, this four-unit townhome building is being built as new construction. The project sits on a 0.33-acre lot and totals 5,974 square feet, with exterior elements including metal siding and xeriscape yards. The landscaping is described as drought resistant, and the units are slated to include interior finishes.
The property is positioned adjacent to the Canyon West shopping center, with Frenship Memorial High School within walking distance. For tenants and brokers alike, the location supports convenient day-to-day access to nearby retail and dining along with proximity to the school.
This offering is structured as a four-unit residential income property for sale, with construction planned for completion following the current under-construction phase.
The property is positioned adjacent to the Canyon West shopping center, with Frenship Memorial High School within walking distance. For tenants and brokers alike, the location supports convenient day-to-day access to nearby retail and dining along with proximity to the school.
This offering is structured as a four-unit residential income property for sale, with construction planned for completion following the current under-construction phase.
Key Highlights
- Under construction 4‑unit townhome building, Year built 2026
- Open floorplan with granite counters, pantry, and walk‑in closet(s)
- Stainless steel appliance package plus electric cooktop and electric oven
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 | $82.4k | $13.80 |
| − Vacancy | −$5.4k | −$0.90 |
| EGI | $77.1k | $12.90 |
| − OpEx | −$23.1k | −$3.87 |
| NOI | $54.0k | $9.03 |
5,974 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.8K
$674.5K – $899.3K
NOI $53,958 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.5K
NOI $48,449 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,424 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Under-construction four-unit townhome building with metal siding and xeriscape yards in Lubbock, Texas.
Where is this quadplex located?
The property is located at 7030-7036 41st Street Lubbock, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Under construction 4‑unit townhome building, Year built 2026; Open floorplan with granite counters, pantry, and walk‑in closet(s); Stainless steel appliance package plus electric cooktop and electric oven
