5845 7th Street, Lubbock, TX 79416
MULTI_FAMILY - Split Level - Lubbock, TX
- Added:
- Apr 4, 2026
- Days on Market:
- 84
- Last Refresh:
- Jun 26 at 3:06 pm
Property Features for 5845 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bedroom 7, Bedroom 1, Bathroom 5, Bathroom 1, Bedroom 9, Bedroom 11, Bathroom 2, Bedroom 5, Bathroom 7, Bedroom 8, Bedroom 10, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 8, Bedroom 6, Bedroom 12
- Parking features
- Garage, Driveway
- Interior features
- Ceiling Fan(s), Open Floorplan
- Exterior features
- Balcony, Courtyard
- Appliances
- Dishwasher, Electric Range
- Standard status
- Active
- APN
- R70929
- Size
- 4,924 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- Crows Nest L 22-A-1 Thru 22-C-1
- Tax Annual Amount
- 5456
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2004
- Number of units
- 4
- Building materials
- Brick, Wood Siding
- Roof type
- Composition
- Architectural style
- Split Level
Listing agent Rania Zeitouni License #0585831 (806) 928-8929
Listing office WestMark Companies 4105 84th Street, Lubbock, TX (806) 794-6000
Listing date Apr 4, 2026
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.
HighLights
- Quadruplex with 4 fully occupied units, each about 1,231 SF with 3 bedrooms and 2 bathrooms
- Each unit includes 2‑car garages, with additional driveway parking
- Split‑level construction built in 2004 with brick and wood siding and a composition roof
- Exterior updates include freshly painted exterior within the past year
- Units feature an open floorplan, ceiling fan(s), and central cooling
- Utilities include public water and public sewer
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.0k | $13.80 |
| − Vacancy | −$4.4k | −$0.90 |
| EGI | $63.5k | $12.90 |
| − OpEx | −$19.1k | −$3.87 |
| NOI | $44.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.94231
- Latitude
- 33.589302
