New Construction Townhome
7030 41st St Lubbock, TX 79407
7030 41st St, Lubbock, TX, 79407
Contact for pricing
For Sale
Contact for pricing
Four-unit townhome in a flourishing West Lubbock location.
Property Size5,974 SF
Price / SF$149.82
Days on Market161
Property Features for 7030 41st St
General Information
- Standard status
- Active
- Size
- 5,974 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing Agency
Williams & Company Real Estate, LLC
(806) 777-1310
Listed by
Dan Williams · License #TX-550528
Source
Crexi
Added: Feb 6 Checked: Jul 15 at 10:13 pm
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 Williams & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
This is an exclusive investment opportunity featuring a new construction, four-unit townhome building located in West Lubbock. The property is situated adjacent to the Canyon West shopping center and within walking distance of Frenship Memorial High School, as well as various retail shops and dining establishments. The building offers low maintenance features, including xeriscape yards, metal siding, and drought-resistant landscaping. Interior finishes are designed to appeal to tenants. The property size is 5974 square feet.
Key Highlights
- New Construction (2026) 4‑Unit Townhome Building: Offers modern construction and appeal.
- Prime Location: Adjacent to Canyon West shopping center, walking distance to Frenship Memorial High School, and close to retail and dining.
- Investment Opportunity: Guarantees a steady stream of potential tenants.
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 | $82.4k | $13.80 |
| − Vacancy | −$5.4k | −$0.90 |
| EGI | $77.1k | $12.90 |
| − OpEx | −$23.1k | −$3.87 |
| NOI | $54.0k | $9.03 |
5,974 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.8K
$674.5K – $899.3K
NOI $53,958 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.5K
NOI $48,449 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,424 @ 7.0% cap · market cap 11.78%
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-unit townhome in a flourishing West Lubbock location.
Where is this quadplex located?
The property is located at 7030 41st St Lubbock, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: New Construction (2026) 4‑Unit Townhome Building: Offers modern construction and appeal.; Prime Location: Adjacent to Canyon West shopping center, walking distance to Frenship Memorial High School, and close to retail and dining.; Investment Opportunity: Guarantees a steady stream of potential tenants.
