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$462,000

NAL Estimated Property Value

7205 Memphis Ave, Lubbock, TX, 79423

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,340 Sq Ft
DuplexDuplex
price_per_sqft$79.34 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Water Purifier, Water Purifier Owned

Exterior

Private PoolPrivate Pool
Lot Size18,480 sqft

Building Information

Year Built1977
Roof Type105
Garage Spaces1034

Land Information

APNR54107
Lot Number3690
SubdivisionMelonie Park South
Land UseResidential
Legal DescriptionMELONIE PARK SOUTH L 369 & S7' OF 368
Census Tract001904
Assessed Land Value$22,330
Assessed Improvement Value$323,610
Assessment Year2025

About this property

Incredible duplex located in the Melonie Park South Subdivision. Easy access to South loop 289. Side B was the builders personal home and features 3 bedrooms, 2.5 baths, grand isolated master, in ground pool, tall capped privacy fence, separate office, and much more. Side A. is a 2 bedroom 2 bath with an open concept kitchen/living area. Side A. is leased through October 2023 at $1,000 monthly. Call today to view this one of a kind property!

Investor Tools

Property Icon
$462,000
Estimated Property Value
$246,902Estimated Mortgage Balance
$215,098Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$637/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,338
$335,332
2025
$22,330
$323,610
$345,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,338
$335,332

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Va
$275,129
Yes
First
Jan 13, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,902
$215,098
46%
53%
$1,650/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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7205 Memphis Ave | Property Details | No Agent List