7402 Ave W Turnkey, fully rented duplex exceeding the 1% rule, excellent cash flow. Unit A offers 2 bedrooms and 1 bath, currently leased at $800/month. Unit B offers 3 bedrooms and 2 baths, rented for $950/month, for a total of $1,750 per month. This solid investment property is fully occupied and cash-flowing from day one, making it ideal for both new and seasoned investors. Centrally located in Lubbock with quick access to University Ave and South Loop 289, and just minutes from Texas Tech University and UMC. The property is professionally managed, offering stable operations and a smooth transition for the next owner. This property can be purchased as a package with 7404 Ave W located next door.
Sold
Price Unknown
7402 Avenue W, Lubbock, TX 79423
5beds
2,313sqft
Duplex, Multi Family
Built in 1978
-- sqft lot
$151,500 Zestimate®
$--/sqft
$1,142 Estimated rent
Home value
$151,500
$144,000 - $159,000
$1,142/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Jeremias Torres TREC #0668726 806-204-0492,
Lubbock Discount Realty
Bought with:
Collen Melton, TREC #0774198
Brick & Loft Realty
Source: LBMLS,MLS#: 202602634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: See Remarks
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,313
- Total interior livable area: 2,313 sqft
- Finished area above ground: 2,313
Property
Parking
- Parking features: Off Street
Features
- Fencing: See Remarks
Lot
- Size: 6,969 Square Feet
- Features: City Lot
Details
- Additional structures: None
- Parcel number: R69646
- Zoning description: Multi-Family
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Community
- Features: None
- Security: None
HOA
- Has HOA: No
Location
- Region: Lubbock
Financial & listing details
- Tax assessed value: $157,839
- Annual tax amount: $2,793
- Date on market: 2/27/2026
- Cumulative days on market: 99 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Sold | -- |
Source:  LBMLS #202602634 Report a problem | ||
| 6/6/2026 | Pending sale | $158,000$68/sqft |
Source: LBMLS #202602634 Report a problem | ||
| 2/27/2026 | Listed for sale | $158,000-4.2%$68/sqft |
Source: LBMLS #202602634 Report a problem | ||
| 11/17/2025 | Listing removed | $164,900$71/sqft |
Source: LBMLS #202560049 Report a problem | ||
| 9/5/2025 | Listed for sale | $164,900$71/sqft |
Source: LBMLS #202560049 Report a problem | ||
| 9/2/2025 | Listing removed | $164,900$71/sqft |
Source: LBMLS #202551117 Report a problem | ||
| 8/3/2025 | Price change | $164,900-2.9%$71/sqft |
Source: LBMLS #202551117 Report a problem | ||
| 5/1/2025 | Price change | $169,900-2.9%$73/sqft |
Source: LBMLS #202551117 Report a problem | ||
| 3/1/2025 | Listed for sale | $175,000$76/sqft |
Source: LBMLS #202551117 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,793 -20% | $157,839 -17.9% |
| 2024 | $3,491 +12.2% | $192,254 +14.9% |
| 2023 | $3,110 -18.2% | $167,334 -10.9% |
| 2022 | $3,802 +32% | $187,804 +38.6% |
| 2021 | $2,881 -0.7% | $135,456 |
| 2020 | $2,901 +3.4% | $135,456 +5% |
| 2019 | $2,805 +10.6% | $128,984 +11.2% |
| 2018 | $2,536 | $116,038 +2.9% |
| 2017 | $2,536 +16.7% | $112,802 +15.8% |
| 2016 | $2,173 | $97,429 -0.3% |
| 2015 | $2,173 | $97,723 |
| 2014 | $2,173 | $97,723 +8.1% |
| 2013 | -- | $90,368 |
| 2012 | -- | $90,368 |
| 2011 | -- | $90,368 |
| 2010 | -- | $90,368 |
| 2009 | -- | $90,368 -6% |
| 2008 | -- | $96,154 +3.2% |
| 2007 | -- | $93,134 |
| 2006 | -- | $93,134 |
| 2005 | -- | $93,134 |
| 2004 | -- | $93,134 +28.5% |
| 2003 | -- | $72,466 +10.6% |
| 2002 | $1,624 +4.9% | $65,506 +4.7% |
| 2001 | $1,548 +0.7% | $62,557 |
| 2000 | $1,537 | $62,557 |
Find assessor info on the county website
Neighborhood: South Lubbock
Nearby homes
- $143,800-- bd2 ba1.4k sqft7402 Avenue W, Lubbock, TX 79423Off Market
- $--2 bd1 ba1.1k sqft7402 Avenue W #A, Lubbock, TX 79423Off Market
- $230,1003 bd2 ba2.3k sqft7402 Avenue W APT B, Lubbock, TX 79423Off Market
- $156,2865 bd-- ba2.2k sqft7404 Avenue W, Lubbock, TX 79423Off Market
- $158,0005 bd3 ba2.2k sqft7404 Avenue W, Lubbock, TX 79423Pending
- $--2 bd1 ba1k sqft7308 Avenue W APT B, Lubbock, TX 79423Off Market
- $152,1002 bd2 ba2k sqft7308 Avenue W, Lubbock, TX 79423Off Market
- $120,1002 bd2 ba1k sqft7308 Avenue W #B, Lubbock, TX 79423Off Market
Nearby schools
GreatSchools rating
- 9/10Roy W Roberts Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 3/10Atkins Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Monterey High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Roberts
- Middle: Atkins
- High: Monterey
Source: LBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$151,500
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$154,530
- Texas
- Lubbock County
- Lubbock
- 79423
- South Lubbock
- 7402 Avenue W
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