Listing Agency: Dannheim Realty Show Phone

Listed By: Chuck Dannheim · License #0591961 Show Phone

Added: Apr 26, 2023 Changed: May 14 Last Checked: Aug 14 at 5:06PM

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MLS# 202305510

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.

New construction duplexes are available in Northwest Lubbock, situated within the Frenship School District. Constructed by Clearview Custom Homes, each side features 3 bedrooms and 2 bathrooms. Interior finishes include granite countertops, window treatments, ceiling fans, vinyl plank flooring, and designer tile. The homes offer an open concept with designer colors, creating a light and bright atmosphere. Each unit includes a fenced backyard with artificial turf. There are 17 units available. Each unit is priced at $441,800, or the entire package can be purchased for $7,510,600. The property has 100% occupancy at $1600 per side, resulting in an 8% cap rate. The property is located at 7120 Package Property Street, Lubbock, TX 79407.

Key Highlights

• New construction duplexes in NW Lubbock
• Located in the desirable Frenship School District
• 8% Cap Rate with 100% Occupancy

Property Analytics

Property Profile

Current Use

Duplexes

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 79407, TX

23,208

Population

11,817

Households

2

Avg Household Size

32

Median Age

41%

College-Educated

92%

High-School Grad

75.9 sq mi

ZIP Area

306

Density / Sq Mi

$64,778

Median Household Income

$38,212

Median Earnings

$1,131

Median Rent

$200,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - New construction duplexes in NW Lubbock, Frenship School District.

Where is this duplex located?

The property is located at 7120 Package Property Street Lubbock, TX.

What is the asking price?

The asking price for this property is $7,225,000.

What are key features of this property?

This property features: New construction duplexes in NW Lubbock; Located in the desirable Frenship School District; 8% Cap Rate with 100% Occupancy