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$266,425

NAL Estimated Property Value

7803 Memphis Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,596 Sq Ft
DuplexDuplex
price_per_sqft$96.3 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range

Exterior

Lot Size10,005 sqft

Building Information

Year Built1974
Garage Spaces2

Land Information

APNR50656
Lot Number2490
SubdivisionMelonie Park South
Land UseResidential
Legal DescriptionMELONIE PARK SOUTH S4.26'OF L 248 N70.74'OF 249
Census Tract001904
Assessed Land Value$21,750
Assessed Improvement Value$244,675
Assessment Year2025

About this property

Explore the possibilities of this Duplex, where both units are currently tenant-occupied! Each side is 2-bedrooms, 2-bathrooms with a 1-car garage! Unit A is currently leased at $975, lease ends 1/31/25. Unit B is leased at $975, lease ends 1/31/25. Located directly across Clifford H Andrews Park, and easy access to South Loop 289! Unlock the potential of this duplex and make it your own!

Investor Tools

Property Icon
$266,425
Estimated Property Value
$173,532Estimated Mortgage Balance
$92,893Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,599 /month
Positive
Cash Flow Estimate:
$533 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,838
$266,425
2025
$21,750
$244,675
$266,425
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,838
$266,425

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Conventional
$180,000
No
First
May 7, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,532
$92,893
34%
65%
$1,080/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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7803 Memphis Ave | Property Details | No Agent List