Triplex with Patios and
1625 County Rd 7340, Lubbock, TX 79423
For Sale
$475,000
Residential Income, Lubbock, TX
Property Size4,490 SF
Lot Size0.60 Acres
Price / SF$105.79
Days on Market310
Property Features for 1625 County Rd 7340
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
laundry room
back patio
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Danny Clark · License TX #0621740
(806) 787-6138
Added: Jan 5
Changed: Oct 27
Last Checked: Nov 10 at 8:06PM
MLS# 202600108
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.
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Investment Insights
Based on property information with market context.
Completed in 2021, this triplex contains three residences totaling 4,490 square feet on a 0.6-acre parcel. Units A and B each provide one bedroom, one and a half baths, an oversized one-car garage, a laundry room, and a back patio. Unit C offers three bedrooms, two full baths, its own laundry room, and a back patio. Interior features include ceiling fans and walk-in closets, with kitchens equipped with dishwashers, electric ovens, electric ranges, and microwaves. Central heating uses natural gas, while cooling is provided by central electric air conditioning. Metal siding and a metal roof complete the improvements.
Key Highlights
- Three‑unit property with 4,490 square feet of total building area
- 0.6‑acre parcel at 1625 County Rd 7340, Lubbock, TX 79423
- Units A and B each include 1 bedroom, 1.5 baths, and an oversized 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,554
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,080
$811.1K
Cap Rate 7%
$579,343
$579.3K
Cap Rate 9%
$450,600
$450.6K
Market Conditions
NOI Build-Up for 4,490 SF
Gross rent
$62.0K $13.80/SF
− Vacancy
−$4.0K −$0.90/SF
EGI
$57.9K $12.90/SF
− OpEx
−$17.4K −$3.87/SF
NOI
$40.6K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,080
Cap Rate 7%
$579,343
Cap Rate 9%
$450,600
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.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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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
$222,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Lubbock, TX
Properties on Market for Triplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences offer varied layouts, private laundry rooms, and individual back patio space.
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 property with 4,490 square feet of total building area; 0.6‑acre parcel at 1625 County Rd 7340, Lubbock, TX 79423; Units A and B each include 1 bedroom, 1.5 baths, and an oversized 1‑car garage
