Updated
7916 Aberdeen Ave, Lubbock, TX 79424
For Sale
$295,000
Both units are occupied, with advance notice required for showings.
Property Size2,899 SF
Price / SF$101.76
Days on Market94
Property Features for 7916 Aberdeen Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Nancy Garrett · License TX #0466808
(806) 438-0181
Source:
Raftercrossrealty
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 7 at 4:19PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,899-square-foot duplex at 7916 Aberdeen Ave in Lubbock, Texas, was built in 1976 and has received recent interior updates. Vinyl plank flooring and new paint contribute to the refreshed condition, while ongoing occupancy provides an existing residential income setup.
Both sides are currently occupied, and prospective visitors must receive notice before touring the property. The duplex is positioned just off 82nd Street and Slide Road, providing a defined location within southwest Lubbock.
Both sides are currently occupied, and prospective visitors must receive notice before touring the property. The duplex is positioned just off 82nd Street and Slide Road, providing a defined location within southwest Lubbock.
Key Highlights
- 2,899‑square‑foot duplex in Lubbock
- Built in 1976
- Recent vinyl plank flooring and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,184
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,680
$523.7K
Cap Rate 7%
$374,057
$374.1K
Cap Rate 9%
$290,933
$290.9K
Market Conditions
NOI Build-Up for 2,899 SF
Gross rent
$40.0K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.4K $12.90/SF
− OpEx
−$11.2K −$3.87/SF
NOI
$26.2K $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%
$523,680
Cap Rate 7%
$374,057
Cap Rate 9%
$290,933
Alternative Uses
Best Use
Multifamily LT 5
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$730.8K
$639.5K – $852.7K
NOI $51,159 @ 7.0% cap · market cap 17.34%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
Properties on Market for Duplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, with advance notice required for showings.
Where is this duplex located?
The property is located at 7916 Aberdeen Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,899‑square‑foot duplex in Lubbock; Built in 1976; Recent vinyl plank flooring and paint
