Duplex with One-Car
For Sale
$220,000
7801 Avenue X, Lubbock, TX 79423
MULTI_FAMILY - Other - Lubbock, TX
Property Size1,810 SF
Lot Size0.16 Acres
Price / SF$121.55
Days on Market48
Property Features for 7801 Avenue X
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Driveway, Garage
Fireplace
1
Lot features
City Lot, Cul-De-Sac
Elementary school
Roberts
Middle school
Atkins
High school
Monterey
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
6
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
Legal Description
Oak Park L 156
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
Listed By:
Daniel Hernandez · License #0809570
(806) 500-4003
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 31 at 1:06PM
MLS# 202609713
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.
7801 Avenue X, Lubbock, TX 79423: a duplex built in 1978 with brick veneer construction. The property is configured as a 2-bedroom, 2-bath unit on each side, with an open flow from the kitchen into the living room and vinyl plank flooring throughout.
The home includes central heating and central air for year-round comfort. Parking features include a driveway and a garage, along with a private backyard.
Set on a 0.16-acre lot, the duplex totals 1,810 square feet. The living area includes a fireplace. The location is described as convenient to dining and retail options, with access to South Loop 289.
The home includes central heating and central air for year-round comfort. Parking features include a driveway and a garage, along with a private backyard.
Set on a 0.16-acre lot, the duplex totals 1,810 square feet. The living area includes a fireplace. The location is described as convenient to dining and retail options, with access to South Loop 289.
Key Highlights
- 0.16‑acre lot with duplex on‑site
- 1,810 SF duplex total area
- Two‑bedroom, two‑bath units with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,348
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,960
$327.0K
Cap Rate 7%
$233,543
$233.5K
Cap Rate 9%
$181,644
$181.6K
Market Conditions
NOI Build-Up for 1,810 SF
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.
Gross rent
$25.0K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.4K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.3K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,960
Cap Rate 7%
$233,543
Cap Rate 9%
$181,644
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
671
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 - Duplex with central HVAC, brick veneer construction, and a one-car garage plus private backyard.
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: 0.16‑acre lot with duplex on‑site; 1,810 SF duplex total area; Two‑bedroom, two‑bath units with fireplace
