807 Avenue L, Shallowater, TX 79363
MULTI_FAMILY - Other - Shallowater, TX
- Added:
- Oct 12, 2025
- Days on Market:
- 253
- Last Refresh:
- Jun 21 at 3:06 pm
Property Features for 807 Avenue L
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Carport
- Fencing
- Fenced
- Standard status
- Active
- APN
- R40425
- Size
- 3,328 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Description
- Ripley Blk 25 Tr A 118 ' X 150' In Ne/4
- Tax Annual Amount
- 4364
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Joanna Cunningham License #0645128 (806) 252-7801
Listing office Exit Realty of Lubbock 2405 W Loop 289, Ste 100, Lubbock, TX (806) 771-3900
Listing date Oct 12, 2025
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
- Four homes on one property, sold together as one package
- Each home offers 2 bedrooms and 1 bathroom
- Brick construction with central heating and central air
- Carport parking and fenced property
- Utilities include public water and public sewer
- Built in 1960
Overview
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 | $45.9k | $13.80 |
| − Vacancy | −$3.0k | −$0.90 |
| EGI | $42.9k | $12.90 |
| − OpEx | −$12.9k | −$3.87 |
| NOI | $30.1k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shallowater
- County
- Lubbock
- State
- Texas
- Longitude
- -101.992416
- Latitude
- 33.690233
