7912 Albany Avenue, Lubbock, TX 79424
MULTI_FAMILY - Other - Lubbock, TX
- Added:
- Jun 1, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 10 at 3:06 am
Property Features for 7912 Albany Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
- Parking features
- Garage, Driveway
- Window features
- Window Coverings
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Formica Counters
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Range, Range Hood
- Standard status
- Active
- APN
- R60824
- Size
- 2,330 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- Farrar Estates L 26
- Tax Annual Amount
- 4039
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet, Plank
- Building materials
- Brick Veneer
- Roof type
- Composition
- Architectural style
- Other
Listing agent Nancy Garrett License #0466808 (806) 438-0181
Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX (806) 771-7710
Listing date Jun 1, 2026
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.
HighLights
- Well‑maintained income‑producing duplex with tenants in place; professionally managed
- Brick veneer construction with composition roof; built in 1977
- Central heating and central air (natural gas and central air plus electric cooling)
- Appliances include dishwasher, electric range, and range hood
- Multiple flooring types including carpet, plank, and tile
- Fenced yard with patio, driveway, and garage parking; features include a fireplace
Overview
The property is located at 7912 Albany Avenue in Lubbock, Texas (Lubbock County). It is also part of a larger package of four properties, including 3633 54th, 4309 58th, and 4313 58th, creating an opportunity for buyers looking to build scale within the same market.
With tenants already in place and professional management established, this duplex is well suited for investors seeking current cash flow with reduced operational friction. The package structure may appeal to buyers interested in diversifying their holdings across multiple income properties while keeping their acquisition and management approach consistent.
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 | $32.2k | $13.80 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $30.1k | $12.90 |
| − OpEx | −$9.0k | −$3.87 |
| NOI | $21.0k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.927005
- Latitude
- 33.520946
