Four-Unit Brick
5845 7th Street, Lubbock, TX 79416
For Sale
$485,000
Pending
Residential Income, Lubbock, TX
Property Size4,924 SF
Lot Size0.27 Acres
Days on Market221
Property Features for 5845 7th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Rania Zeitouni · License TX #0585831
(806) 928-8929
Added: Apr 4
Changed: Oct 27
Last Checked: Nov 10 at 10:06PM
MLS# 202604411
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.
Built in 2004, this 4,924-square-foot quadplex contains four occupied units, each offering approximately 1,231 square feet with three bedrooms, two bathrooms, and a two-car garage. Brick and wood siding, composition roofing, central electric heating and cooling, ceiling fans, open floorplans, balconies, and a courtyard shape the property’s physical profile. Dishwashers and electric ranges are included in the unit appliances. The exterior was painted within the past year.
The property occupies 0.27 acres at 5845 7th Street in Lubbock, Texas, within ZIP Code 79416. Public water and public sewer serve the property, while parking is provided through garages and driveways.
The property occupies 0.27 acres at 5845 7th Street in Lubbock, Texas, within ZIP Code 79416. Public water and public sewer serve the property, while parking is provided through garages and driveways.
Key Highlights
- 4 occupied units, each approximately 1,231 square feet
- Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage
- 4,924 square feet on 0.27 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,474
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,480
$889.5K
Cap Rate 7%
$635,343
$635.3K
Cap Rate 9%
$494,156
$494.2K
Market Conditions
NOI Build-Up for 4,924 SF
Gross rent
$68.0K $13.80/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$63.5K $12.90/SF
− OpEx
−$19.1K −$3.87/SF
NOI
$44.5K $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%
$889,480
Cap Rate 7%
$635,343
Cap Rate 9%
$494,156
Alternative Uses
Best Use
Multifamily LT 5
$635.3K
$555.9K – $741.2K
NOI $44,474 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$570.5K
$499.2K – $665.6K
NOI $39,933 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,895 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Lubbock, TX
Properties on Market for Quadplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with three-bedroom layouts, private garages, and public utilities.
Where is this quadplex located?
The property is located at 5845 7th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 4 occupied units, each approximately 1,231 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage; 4,924 square feet on 0.27 acres
