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Occupied Duplex with Oversized Lot
New
For Sale
$185,000

7320 1st St, Lubbock, TX 79416

Two matching three-bedroom, one-bath units offer separate electric meters and current 12-month leases.

Property Size2,285 SF
Price / SF$80.96
Days on Market7

Property Features for 7320 1st St

General Information

Standard status Active
Size 2,285 SF
Property subtype Multi-Family

Building Details

Year Built 1975
Listing Agency: Keller Williams Realty
Listed By: Steadfast Realty
Source: Steadfast-realty
Added: Aug 26 Changed: Aug 30 Last Checked: Aug 31 at 3:05PM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This 2,285-square-foot duplex, built in 1975, contains two matching three-bedroom, one-bath units. Both units are fully occupied under current 12-month leases, with separate electric meters serving each residence. The property is supported by a water well and septic system, eliminating tenant water and sewer bills.

Set on a .85-acre lot within Frenship ISD, the property provides substantial room for parking and tenant workspace. One unit includes a private fenced and landscaped yard. The oversized site also accommodates outdoor storage and equipment, adding flexibility beyond a typical duplex layout.

Key Highlights

  • 2,285‑square‑foot duplex built in 1975
  • Two matching 3/1 units with current 12‑month leases
  • Fully occupied with separate electric meters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Auto Repair Shop Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

19
Businesses Nearby

Demographics for 79416, TX

36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
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?
Duplex - Two matching three-bedroom, one-bath units offer separate electric meters and current 12-month leases.
Where is this duplex located?
The property is located at 7320 1st St Lubbock, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2,285‑square‑foot duplex built in 1975; Two matching 3/1 units with current 12‑month leases; Fully occupied with separate electric meters
More about this property
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