New Construction Townhome
7030-7036 41st Street, Lubbock, TX 79407
MULTI_FAMILY - Other - Lubbock, TX
Property size:
5,974 SFLot size:
0.33 AcresPrice / SF:
$149/SF- Added:
- Feb 27, 2026
- Days on Market:
- 114
- Last Refresh:
- Jun 21 at 12:06 pm
Property Features for 7030-7036 41st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 7, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bathroom 4, Bathroom 8, Bedroom 8, Bathroom 5, Bedroom 5, Bedroom 10, Bedroom 1
- Parking features
- Open, Garage, Driveway
- Window features
- Double Pane Windows
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Walk-In Closet(s)
- Exterior features
- Lighting, Private Entrance, Private Yard
- Fencing
- Fenced, Privacy, Gate
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Freezer, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- R348273
- Size
- 5,974 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Description
- Frenship East L 61-64
- Tax Annual Amount
- 1730
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas, Fireplace(s)
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Dan Williams License #0550528 (806) 777-1310
Listing office Williams & Company Real Estate 918 Ave J, Lubbock, TX (806) 860-6945
Listing date Feb 27, 2026
MLS# 202602630
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.
HighLights
- Under construction 4‑unit townhome building (new construction), Year built 2026
- Central heating (natural gas) and central air, plus fireplace(s) and ceiling fan(s)
- Kitchen features granite counters with included stainless steel appliances and electric cooktop/oven
- Multiple bedroom and bath rooms planned (10 bedrooms, 10 bathrooms listed)
- Brick and vinyl siding exterior with composition roof
- Utilities include water available with public water and public sewer; fenced and privacy‑gated yard features planned
Overview
This four-unit new construction townhome building presents an exclusive investment opportunity in West Lubbock. The property is in a prime location 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 location is expected to guarantee a steady stream of potential tenants. The property is designed for investors seeking luxury, low-maintenance, Class A properties. It features xeriscape yards, metal siding, drought-resistant landscaping, and interior finishes. The property size is 5974 square feet and the lot size is 0.33 acres. The building is currently under construction and is expected to be completed.
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 Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.970854
- Latitude
- 33.557187
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit new construction townhome building in West Lubbock.
Where is this quadplex located?
The property is located at 7030-7036 41st Street 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: Under construction 4‑unit townhome building (new construction), Year built 2026; Central heating (natural gas) and central air, plus fireplace(s) and ceiling fan(s); Kitchen features granite counters with included stainless steel appliances and electric cooktop/oven
