7401 Avenue X, Lubbock, TX, 79423
About This Home
Fully occupied and professionally managed, this quadplex in South Lubbock offers a turnkey investment opportunity with $2,625/month in current rents. Located just off University Avenue and near South Loop 289, the property provides quick access to major roads, Texas Tech, and nearby restaurants and shopping. Each unit offers 2 bedrooms, and 1 bathrooms with some updates throughout. With stable occupancy and desirable rental units in a consistently leased area, this is a solid, income-producing asset in a great location. This property can also be purchased as a package with 7405 Ave X and 7405 Waco Ave.
Getting Around
Somewhat Walkable
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1981
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Appliances
- Laundry features: In Unit
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Ceiling Fan(s)
- Number of fireplaces: 2
- Fireplace: Yes
- Finished area above ground: 3,102
Heating & Cooling
- Heating features: Natural Gas,Separate Meters
- Cooling features: Ceiling Fan(s),Electric,Multi Units
Interior Area
- Total structure area: 3,102
- Total interior livable area: 3,102 sqft
Property
Details
- Parcel number: R82786
- Special condition: Standard
Features
- Fencing: Back Yard,Fenced,Wood
Lot
- Lot size: 0.25 Acres
Parking
- Parking features: Concrete,Common,Parking Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $314 | $3,768 |
| Property Taxes | $436 | $5,232 |
| Electricity | $340 | $4,087 |
| Total | $2,606 | $31,272 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-24 | Price change | $310,000 |
| 2025-10-30 | Listed for sale | $315,000 |
| 2019-10-28 | Listing removed | $600 |
| 2019-01-09 | Price change | $600 |
| 2018-11-21 | Listed for rent | $625 |
| 2012-12-13 | Listing removed | $159,900 |
| 2010-08-06 | Listing removed | $152,500 |
| 2010-06-23 | Price change | $152,500 |
| 2010-05-29 | Price change | $154,500 |
| 2010-04-23 | Price change | $164,900 |
| 2010-02-06 | Listed for sale | $169,000 |
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