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New Construction Quadplex Townhomes
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7037 40th St, Lubbock, TX 79407

Four-unit new construction townhome building featuring metal siding and xeriscape, drought-resistant yards.

Property SizeContact for details
Days on Market111

Property Features for 7037 40th St

General Information

Standard status Active
Class A
Property subtype Multifamily

Additional Details

Multifamily Units 4

Building Details

Tenancy Multi
Listing Agency: Williams & Company Real Estate, LLC
Listed By: Dan Williams · License #TX-550528
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 20 at 5:02PM

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 for-sale four-unit new construction townhome building offers an investor-focused residential income setup with metal siding and xeriscape yards. The exterior includes drought-resistant landscaping, and the interiors are described as finished for a class A presentation with low-maintenance components.

The property is located in West Lubbock and is adjacent to the Canyon West shopping center. It is also within walking distance of Frenship Memorial High School, with surrounding retail shops and dining establishments nearby.

If you’re looking for a turnkey-style multi-unit configuration in a newer building format, this 4-unit townhome property is positioned for straightforward occupancy planning given its immediate retail and school adjacency.

Key Highlights

  • New construction 4‑unit townhome building
  • Exterior features metal siding
  • Includes xeriscape yards and drought‑resistant landscaping

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Dental Office (Bike/Boat/Book/etc) Store Auto Parts Store Real Estate Agency Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 79407, TX

23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit new construction townhome building featuring metal siding and xeriscape, drought-resistant yards.
Where is this quadplex located?
The property is located at 7037 40th St Lubbock, TX.
What are key features of this property?
This property features: New construction 4‑unit townhome building; Exterior features metal siding; Includes xeriscape yards and drought‑resistant landscaping
(806) 777-1310 Call to check price and availability
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