7405 Waco Avenue, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
- Added:
- Mar 24, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 27 at 11:06 pm
Property Features for 7405 Waco Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 8, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 7, Bathroom 2
- Parking features
- Parking Lot
- Interior features
- Ceiling Fan(s)
- Exterior features
- Balcony
- Fireplace
- 1
- Standard status
- Active
- APN
- R82493
- Size
- 3,048 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- Sandlewood Village L 12
- Tax Annual Amount
- 3622
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Multi Units
Building Details
- Year built
- 1983
- Floors in Building
- 2
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Cameron Seale License #0688378 (806) 773-0821
Listing office Williams & Company Real Estate 918 Ave J, Lubbock, TX (806) 860-6945
Listing date Mar 24, 2026
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
- Quadplex built in 1983 in South Lubbock
- 100% occupied and professionally managed, with 100% occupancy stated in the remarks
- Natural gas heating and electric cooling
- Composition roof with stucco exterior
- Balcony and ceiling fan(s)
- On‑site parking lot and fireplace on the property
Overview
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 | $42.1k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $39.3k | $12.90 |
| − OpEx | −$11.8k | −$3.87 |
| NOI | $27.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.865746
- Latitude
- 33.526352
