Oversized-Lot
New
For Sale
$185,000
7320 1st Street, Lubbock, TX 79416
Residential Income, Lubbock, TX
Property Size2,285 SF
Lot Size0.85 Acres
Price / SF$80.96
Days on Market6
Property Features for 7320 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1
Parking features
RV, Carport, Driveway
Window features
Aluminum Frames, Window Coverings
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Formica Counters
Exterior features
Private Entrance
Fencing
Fenced
Appliances
Electric Range
Lot features
Landscaped
Elementary school
Willow Bend
Middle school
Terra Vista
High school
Frenship
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
8
Standard status
Active
APN
R81315
Size
2,285 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Description
Friendship Estates L 38
Tax Annual Amount
911
Legal Description
Friendship Estates L 38
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Well
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Flooring type
Combination, Carpet, Laminate
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Exit Realty of Lubbock
(806) 771-3900
Listed By:
Cynthia Arriaga · License #0584899
(806) 790-0609
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 29 at 3:06PM
MLS# 202611827
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.
Investment Insights
Based on property information with market context.
This 2,285-square-foot duplex contains two matching three-bedroom, one-bath units, each with a private entrance. Both residences are fully occupied under current 12-month leases. The property includes central heating and cooling, electric ranges, Formica counters, ceiling fans, carpet and laminate flooring, and metal siding. One unit has a fenced, landscaped yard with a porch, while parking features include a driveway, carport, and RV parking.
Set on 0.85 acres at 7320 1st Street in Lubbock, the property is within Frenship ISD. Separate electric meters support unit-level utility billing. Water is supplied by a well, and wastewater service is provided by a septic tank. The expansive lot offers abundant parking and workspace for vehicles, outdoor storage, and equipment.
Set on 0.85 acres at 7320 1st Street in Lubbock, the property is within Frenship ISD. Separate electric meters support unit-level utility billing. Water is supplied by a well, and wastewater service is provided by a septic tank. The expansive lot offers abundant parking and workspace for vehicles, outdoor storage, and equipment.
Key Highlights
- Fully occupied duplex with two matching 3/1 units under current 12‑month leases
- 2,285 square feet on a 0.85‑acre lot
- Separate electric meters for the two units
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with matching three-bedroom layouts, separate electric meters, and well and septic service.
Where is this duplex located?
The property is located at 7320 1st Street 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: Fully occupied duplex with two matching 3/1 units under current 12‑month leases; 2,285 square feet on a 0.85‑acre lot; Separate electric meters for the two units
