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Days37Days on Market
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$490,000

5839 7th Street, Lubbock, TX, 79416

On MarketInfo
Beds12 Beds
Baths8 Bath
Baths4,924 Sq Ft
QuadruplexQuadruplex
price_per_sqft$99.51 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 12Bedrooms 12
Bathrooms 8Bathrooms 8

Exterior

Lot Size11,220 sqft

Building Information

Year Built2004
Garage Spaces8

Land Information

APNR70952
Lot Number230
SubdivisionCrows Nest
Land UseResidential
Legal DescriptionCROWS NEST L 23-A-1 THRU 23-C-1
Census Tract000408
Assessed Land Value$33,660
Assessed Improvement Value$362,264
Assessment Year2025

About this property

Turnkey Quadraplex in Frenship ISD! Four well-designed units...proven income-producing investment~ Each unit features an identical 3 Bedroom, 2 Bath floor plan...spacious living area open to well equipped kitchen with pantry~ Primary suite with walk in closet and ensuite bath, tub/shower combination~ Washer/dryer connections~ Private BALCONY~ Oversized attached 2 car garage adds valuable storage and strong tenant appeal. Professionally managed, well maintained, and ideally located... this income producing property is a valuable addition to any investment portfolio!

Investor Tools

Property Icon
$395,924
Estimated Property Value
$0Estimated Mortgage Balance
$395,924Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

Interested in this property?

Joy Daniel

WestMark Companies

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$844/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,152
$395,924
2025
$33,660
$362,264
$395,924
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,152
$395,924

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$395,924
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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5839 7th Street | Property Details | No Agent List