Four-Unit Apartment
New
For Sale
$280,000
1708 14th Street, Lubbock, TX 79401
Residential Income, Lubbock, TX
Property Size2,800 SF
Lot Size0.19 Acres
Price / SF$100
Days on Market7
Property Features for 1708 14th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Off Street
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
1
Standard status
Active
APN
R136567
Size
2,800 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Overton Blk 10 E/2 Of L 6 & 7
Tax Annual Amount
4367
Legal Description
Overton Blk 10 E/2 Of L 6 & 7
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
2
Number of units
4
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Justin Wright · License #0619932
(806) 441-3175
Added: Oct 15
Changed: Oct 20
Last Checked: Oct 21 at 10:06AM
MLS# 202614175
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.
This four-unit residential property contains four one-bedroom, one-bathroom apartments within a 2,800-square-foot building. Central electric heating and central air serve the units, and off-street parking is available. The property was built in 1940 and occupies a 0.19-acre lot.
The building is in Lubbock, near downtown and Texas Tech. Units 2 and 3 are currently leased.
The building is in Lubbock, near downtown and Texas Tech. Units 2 and 3 are currently leased.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- 2,800‑square‑foot building on a 0.19‑acre lot
- Units 2 and 3 currently leased
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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,951
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences include off-street parking, 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; 2,800‑square‑foot building on a 0.19‑acre lot; Units 2 and 3 currently leased
