Duplex with Garages and
For Sale
$265,000
Pending
4424 75th Dr, Lubbock, TX 79424
Two separately configured residences each offer two bedrooms, two bathrooms, and a one-car garage.
Property Size2,317 SF
Days on Market29
Property Features for 4424 75th Dr
General Information
Standard status
Pending
Size
2,317 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,452
Amenities
swimming pool
tennis courts
Building Details
Buildings
1
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Denise Stout · License #0450642
(806) 781-0097
Source:
Exprealty
Added: Oct 7
Changed: Oct 26
Last Checked: Nov 3 at 12:19PM
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
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Investment Insights
Based on property information with market context.
This 2,317-square-foot duplex contains two residences, each with two bedrooms, two bathrooms, and a one-car garage. Both living rooms feature beamed ceilings, fireplaces, and arched doorways; one side also has a built-in desk. The air-conditioning units on both sides were replaced a year ago, and the roof, water heaters, and fences have been updated.
One side is vacant, while the other is occupied by a family that can vacate by closing. The property is in Quaker Heights, where the HOA provides a swimming pool and tennis courts. Shopping and restaurants are nearby.
One side is vacant, while the other is occupied by a family that can vacate by closing. The property is in Quaker Heights, where the HOA provides a swimming pool and tennis courts. Shopping and restaurants are nearby.
Key Highlights
- 2,317‑square‑foot duplex with two 2‑bedroom, 2‑bathroom residences
- One‑car garage for each side
- Beamed ceilings, fireplaces, and arched doorways in both living rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,927
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,540
$418.5K
Cap Rate 7%
$298,957
$299.0K
Cap Rate 9%
$232,522
$232.5K
Market Conditions
NOI Build-Up for 2,317 SF
Gross rent
$32.0K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$29.9K $12.90/SF
− OpEx
−$9.0K −$3.87/SF
NOI
$20.9K $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%
$418,540
Cap Rate 7%
$298,957
Cap Rate 9%
$232,522
Alternative Uses
Best Use
Multifamily LT 5
$299.0K
$261.6K – $348.8K
NOI $20,927 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$268.4K
$234.9K – $313.2K
NOI $18,791 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$584.1K
$511.1K – $681.5K
NOI $40,889 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
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Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
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?
Duplex - Two separately configured residences each offer two bedrooms, two bathrooms, and a one-car garage.
Where is this duplex located?
The property is located at 4424 75th Dr Lubbock, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,317‑square‑foot duplex with two 2‑bedroom, 2‑bathroom residences; One‑car garage for each side; Beamed ceilings, fireplaces, and arched doorways in both living rooms
