New Construction 4-Unit Townhome
70307036 7030-7036 41st St Lubbock, TX 79407
New
For Sale
$895,000
Under-construction four-unit townhome building with xeriscape yards and metal siding, adjacent to Canyon West shopping center.
Property Size5,974 SF
Price / SF$149.82
Days on Market5
Property Features for 70307036 7030-7036 41st St
General Information
- Standard status
- Active
- Size
- 5,974 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing Agency:
Williams & Company Real Estate
(806) 777-1310
Listed By:
Dan Williams · License #TX-550528
Source:
Raftercrossrealty
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 23 at 5:22AM
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
Investment Insights
Based on property information with market context.
For sale is a new construction 4-unit townhome building being completed in Lubbock, Texas. The property includes four separate townhome units within a single building footprint and is currently under construction, with completion to follow. Exterior features include metal siding and xeriscape yards supported by drought-resistant landscaping, with interior finishes referenced as part of the new construction.
The building is described as adjacent to the Canyon West shopping center and within walking distance to Frenship Memorial High School, placing it near retail and dining options.
Additional details are available upon request; please contact the listing broker to inquire about the remaining construction scope and information for prospective buyers.
The building is described as adjacent to the Canyon West shopping center and within walking distance to Frenship Memorial High School, placing it near retail and dining options.
Additional details are available upon request; please contact the listing broker to inquire about the remaining construction scope and information for prospective buyers.
Key Highlights
- Under‑construction 4‑unit townhome building
- Year built: 2026
- Xeriscape yards and drought‑resistant landscaping
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
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Under-construction four-unit townhome building with xeriscape yards and metal siding, adjacent to Canyon West shopping center.
Where is this quadplex located?
The property is located at 70307036 7030-7036 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: Under‑construction 4‑unit townhome building; Year built: 2026; Xeriscape yards and drought‑resistant landscaping
