Duplex with Private
For Sale
$220,000
7801 Avenue X, Lubbock, TX 79423
Two-bedroom, two-bath property with one side leased and convenient access to dining, retail, and South Loop 289.
Days on Market19
Property Features for 7801 Avenue X
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,155
Building Details
Building Size
1,810 SF
Year Built
1978
Stories
1
Tenancy
Multi
Listing Agency:
Reside Real Estate Co.
(806) 500-4003
Listed By:
Daniel Hernandez · License #0809570
(806) 500-4003
Source:
Lubbockhomemarket
Added: Jul 15
Changed: Aug 2
Last Checked: Aug 2 at 7:34AM
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 Reside Real Estate Co.
Investment Insights
Based on property information with market context.
Built in 1978, this duplex at 7801 Avenue X offers a two-bedroom, two-bathroom configuration with one side currently leased. The property includes a one-car garage and a private backyard, while vinyl plank flooring extends throughout the residence. An open connection between the kitchen and living room supports a practical, inviting interior layout.
The property is positioned near dining and retail options with quick access to South Loop 289. Its existing duplex configuration, private outdoor space, and garage provide a straightforward residential income property format for an owner-user or investor.
The property is positioned near dining and retail options with quick access to South Loop 289. Its existing duplex configuration, private outdoor space, and garage provide a straightforward residential income property format for an owner-user or investor.
Key Highlights
- 2‑bedroom, 2‑bathroom duplex
- One side currently leased
- One‑car garage included
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 | $25.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.4k | $12.90 |
| − OpEx | −$7.0k | −$3.87 |
| NOI | $16.3k | $9.03 |
1,810 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.5K
$204.4K – $272.5K
NOI $16,348 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$209.7K
$183.5K – $244.7K
NOI $14,679 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
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
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 - Two-bedroom, two-bath property with one side leased and convenient access to dining, retail, and South Loop 289.
Where is this duplex located?
The property is located at 7801 Avenue X Lubbock, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom duplex; One side currently leased; One‑car garage included
