Duplex with
For Sale
$215,000
7801 Avenue X, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size1,810 SF
Lot Size0.16 Acres
Price / SF$118.78
Days on Market115
Property Features for 7801 Avenue X
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3
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
Amenities
private backyard
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: Nov 5
Last Checked: Nov 6 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,810-square-foot duplex sits on a 0.16-acre lot and was built in 1978. The brick-veneer property has central heating and air conditioning, a fireplace, driveway parking, and a garage. Vinyl plank flooring and an open connection between the kitchen and living room are also noted, along with a private backyard.
Dining and retail options are nearby, with access to South Loop 289 also noted.
Dining and retail options are nearby, with access to South Loop 289 also noted.
Key Highlights
- Two‑door rental property on a 0.16‑acre lot
- 1,810 square feet of property space
- Built in 1978 with brick veneer construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,348
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
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
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 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 7.60%
Second Best
Apartment 5plus
$209.7K
$183.5K – $244.7K
NOI $14,679 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Brick veneer construction, central heating and air conditioning, and driveway parking serve the property.
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 $215,000.
What are key features of this property?
This property features: Two‑door rental property on a 0.16‑acre lot; 1,810 square feet of property space; Built in 1978 with brick veneer construction
