Three-Unit Triplex with Large Living
New
For Sale
$475,000
1625 County Rd 7340, Lubbock, TX 79423
Three residential units include laundry rooms, back patios, and oversized one-car garages for Units A and B.
Property Size4,490 SF
Price / SF$105.79
Days on Market4
Property Features for 1625 County Rd 7340
General Information
Standard status
Active
Size
4,490 SF
Property subtype
Multi-Family
Amenities
laundry room
back patio
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
WestMark Companies
(806) 787-6138
Listed By:
Danny Clark · License #0621740
Source:
Raftercrossrealty
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 2 at 9:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WestMark Companies
Investment Insights
Based on property information with market context.
Built in 2021, this three-unit triplex includes 4,490 square feet of property size and a mix of one- and three-bedroom units. Units A and B each offer one bedroom, one and a half baths, extremely large bedrooms and living areas, a laundry room, a back patio, and an oversized one-car garage.
Unit C provides three large bedrooms, two full baths, a laundry room, a back patio, and spacious living areas. The property is located at 1625 County Rd 7340 in Lubbock, Texas, with three distinct residential units in a single multifamily property.
Unit C provides three large bedrooms, two full baths, a laundry room, a back patio, and spacious living areas. The property is located at 1625 County Rd 7340 in Lubbock, Texas, with three distinct residential units in a single multifamily property.
Key Highlights
- Three‑unit triplex built in 2021
- Units A and B each include 1 bedroom and 1.5 baths
- Unit C includes 3 large bedrooms and 2 full baths
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 | $62.0k | $13.80 |
| − Vacancy | −$4.0k | −$0.90 |
| EGI | $57.9k | $12.90 |
| − OpEx | −$17.4k | −$3.87 |
| NOI | $40.6k | $9.03 |
4,490 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.3K
$506.9K – $675.9K
NOI $40,554 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.13M
$990.5K – $1.32M
NOI $79,236 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include laundry rooms, back patios, and oversized one-car garages for Units A and B.
Where is this triplex located?
The property is located at 1625 County Rd 7340 Lubbock, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit triplex built in 2021; Units A and B each include 1 bedroom and 1.5 baths; Unit C includes 3 large bedrooms and 2 full baths
