Split-Level Quadplex
5845 7th Street Lubbock, TX 79416
5845 7th Street, Lubbock, TX, 79416
$485,000
For Sale
$485,000
MULTI_FAMILY - Split Level - Lubbock, TX
Property Size4,924 SF
Lot Size0.27 Acres
Price / SF$98.50
Days on Market106
Property Features for 5845 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 12, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 6, Bedroom 4, Bedroom 10, Bathroom 5, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 11, Bathroom 8, Bedroom 7, Bathroom 4, Bathroom 7, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 2
- Parking features
- Driveway, Garage
- 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
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- 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 Agency
WestMark Companies
(806) 794-6000
4105 84th Street, Lubbock, TX
Listed by
Rania Zeitouni · License #0585831
(806) 928-8929
Added: Apr 4 Checked: Jul 18 at 9:06 am
MLS# 202604411
Listing URL
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.
Investment Insights
Based on property information with market context.
This split-level quadplex includes four fully occupied units. Each unit is approximately 1,231 square feet and is configured with three bedrooms and two bathrooms. The property also features two-car garages for each unit, adding practical, everyday utility for residents. The exterior has been freshly painted within the past year.
Located at 5845 7th Street in Lubbock, Texas 79416, the property sits on a 0.27-acre lot. The building’s quadplex layout provides multiple independent residential units within a single investment structure.
For investors or buyers seeking a residential income asset with existing occupancy, this property’s four-unit configuration and unit-level garage parking can be attractive. With each unit already set up for three-bedroom living and currently described as fully occupied, the offering may suit buyers looking for a manageable, turnkey-style residential income profile based on the details provided.
Located at 5845 7th Street in Lubbock, Texas 79416, the property sits on a 0.27-acre lot. The building’s quadplex layout provides multiple independent residential units within a single investment structure.
For investors or buyers seeking a residential income asset with existing occupancy, this property’s four-unit configuration and unit-level garage parking can be attractive. With each unit already set up for three-bedroom living and currently described as fully occupied, the offering may suit buyers looking for a manageable, turnkey-style residential income profile based on the details provided.
Key Highlights
- Quadruplex with 4 fully occupied units; each unit is approximately 1,231 SF with 3 bedrooms and 2 bathrooms
- Each unit includes a 2‑car garage, plus driveway parking
- Exterior painted within the past year
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 |
4,924 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully occupied units offer a straightforward residential income option with garages and 3-bedroom layouts.
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: Quadruplex with 4 fully occupied units; each unit is approximately 1,231 SF with 3 bedrooms and 2 bathrooms; Each unit includes a 2‑car garage, plus driveway parking; Exterior painted within the past year
