Four-Unit
For Sale
$280,000
1708 14th Street, Lubbock, TX 79401
The property contains four one-bedroom, one-bathroom residences, with two units currently leased.
Property Size2,800 SF
Price / SF$100
Days on Market20
Property Features for 1708 14th Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,367
Amenities
off street parking
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Justin Wright · License #0619932
(806) 441-3175
Source:
Exprealty
Added: Oct 15
Changed: Oct 26
Last Checked: Nov 3 at 11:01AM
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 Reside Real Estate Co.
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Investment Insights
Based on property information with market context.
This 2,800-square-foot quadplex is configured as four one-bedroom, one-bathroom units. Units 2 and 3 are currently leased, and off-street parking is provided.
The property is at 1708 14th Street in Lubbock, in the South Overton neighborhood. It is close to downtown and Texas Tech.
The property is at 1708 14th Street in Lubbock, in the South Overton neighborhood. It is close to downtown and Texas Tech.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- Units 2 and 3 are currently leased
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,290
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,800
$505.8K
Cap Rate 7%
$361,286
$361.3K
Cap Rate 9%
$281,000
$281.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$38.6K $13.80/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$36.1K $12.90/SF
− OpEx
−$10.8K −$3.87/SF
NOI
$25.3K $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%
$505,800
Cap Rate 7%
$361,286
Cap Rate 9%
$281,000
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,708 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$705.9K
$617.7K – $823.5K
NOI $49,412 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,951
Businesses Nearby
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Business Placement
Demographics for 79401, TX
8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property contains four one-bedroom, one-bathroom residences, with two units currently leased.
Where is this quadplex located?
The property is located at 1708 14th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; Units 2 and 3 are currently leased; Off‑street parking
