Two-Unit Duplex with
7801 Avenue X Lubbock, TX 79423
New
7801 Avenue X, Lubbock, TX, 79423
$225,000
For Sale
$225,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size1,810 SF
Lot Size0.16 Acres
Price / SF$124.31
Days on Market3
Property Features for 7801 Avenue X
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 3, Bathroom 2
- Parking features
- Driveway, Garage
- Fireplace
- 1
- Standard status
- Active
- APN
- R50333
- Size
- 1,810 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Oak Park L 156
- Tax Annual Amount
- 2155
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Building materials
- Brick Veneer
- Architectural style
- Other
Listing Agency
Reside Real Estate Co.
(806) 646-6423
6901 Quaker Ave, Ste 100, Lubbock, TX
Listed by
Daniel Hernandez · License #0809570
(806) 500-4003
Added: Jul 15 Checked: Jul 17 at 10:06 am
MLS# 202609713
Listing URL
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 two-unit duplex offers two bedrooms and two bathrooms on each side. The homes include vinyl plank flooring throughout and an open layout that connects the kitchen to the living room. Each unit also includes a one-car garage and a private backyard.
The property is located in Lubbock, TX 79423, with convenient access to dining and retail options. Public remarks also note fast access to South Loop 289.
Both sides are rented, providing an income-producing residential income configuration within a duplex format.
The property is located in Lubbock, TX 79423, with convenient access to dining and retail options. Public remarks also note fast access to South Loop 289.
Both sides are rented, providing an income-producing residential income configuration within a duplex format.
Key Highlights
- Brick veneer duplex built in 1978 with central heating and central air
- Both sides rented for $850/month each
- 2‑bedroom, 2‑bath duplex layout with four bedrooms and four bathrooms listed in the room/bath details
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 | $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 7.27%
Second Best
Apartment 5plus
$209.7K
$183.5K – $244.7K
NOI $14,679 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-bedroom, two-bath duplex with a one-car garage and private backyard, with both sides currently rented.
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 $225,000.
What are key features of this property?
This property features: Brick veneer duplex built in 1978 with central heating and central air; Both sides rented for $850/month each; 2‑bedroom, 2‑bath duplex layout with four bedrooms and four bathrooms listed in the room/bath details
