




$7,225,000
7120 Package Property Street, Lubbock, TX, 79407
About this property
New Construction! 7120 22nd Street. New duplexes located in NW Lubbock and within the Frenship School District. Interior and exterior design and construction by Clearview Custom Homes. They are nice! Each side offers 3 bedrooms and 2 bathrooms. Finish out includes granite countertops, window treatments, ceiling fans, vinyl plank flooring, designer tile, and more. The home offers an open concept with designer colors....light and bright. Artificial turf in the fenced backyard. 17 Available. $441,800 each or $7,510,600 for the package. 100% Occupancy @ $1600 per side. 8% Cap Rate
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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