Quadplex with Four 2-Bed
For Sale
$329,000
7407 Avenue X, Lubbock, TX 79423
Four-unit quadplex features 2-bedroom, 1-bath layouts in each unit and is currently generating $3,070/month gross rent.
Property Size3,808 SF
Price / SF$86.40
Days on Market96
Property Features for 7407 Avenue X
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
Better Homes and Gardens
Listed By:
Keenon Ward · License #0754407
(325) 436-1970
Source:
Raftercrossrealty
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 2:36PM
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 Better Homes and Gardens
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Investment Insights
Based on property information with market context.
This quadplex includes four separate residential units, and each unit offers two bedrooms and one bathroom. The property is positioned in a quiet roundabout setting and is described as having secure entry with four solid doors. The units are noted as having steady tenants with minimal complaints.
The asset is located at 7407 Avenue X in Lubbock, Texas. Public remarks indicate market rents in the $800 to $850 per month range.
The property is currently reported to be bringing in $3,070 per month in gross rent, supported by the four-unit configuration and consistent tenant occupancy.
The asset is located at 7407 Avenue X in Lubbock, Texas. Public remarks indicate market rents in the $800 to $850 per month range.
The property is currently reported to be bringing in $3,070 per month in gross rent, supported by the four-unit configuration and consistent tenant occupancy.
Key Highlights
- South Lubbock four‑unit quadplex built in 1981
- Each unit offers a 2‑bedroom, 1‑bath layout (4 units total)
- Currently generating $3,070/month gross rent
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
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Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex features 2-bedroom, 1-bath layouts in each unit and is currently generating $3,070/month gross rent.
Where is this quadplex located?
The property is located at 7407 Avenue X Lubbock, TX.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: South Lubbock four‑unit quadplex built in 1981; Each unit offers a 2‑bedroom, 1‑bath layout (4 units total); Currently generating $3,070/month gross rent
