For sale

Price cut: $10.1K (7/16)

$299,900

7405 Waco Ave, Lubbock, TX 79423

8beds

3,048sqft

$2,226/mo

Get pre-qualified

Quadruplex, Multi Family

Built in 1983

-- sqft lot

$-- Zestimate^®

$98/sqft

$-- HOA

What's special

Now offering $5,000 in seller concessions! This 100% occupied, professionally managed quadplex in South Lubbock offers a turnkey opportunity for any investor. Located just off University Avenue and near South Loop 289, the property provides quick access to major roads, Texas Tech, and nearby restaurants and shopping. With stable occupancy and desirable rental units in a consistently leased area, this is a solid, income-producing asset in a great location. This property can also be purchased as a package with 7401 Ave X and 7405 Ave X.

62 days
233
16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas, Separate Meters

Cooling

Electric, Multi Units

Appliances

Laundry: In Unit

Features

Ceiling Fan(s)
Has basement: No
Number of fireplaces: 2

Interior area

Total structure area: 3,048
Total interior livable area: 3,048 sqft
Finished area above ground: 3,048

Property

Parking

Parking features: Concrete, Common, Parking Lot

Features

Exterior features: Balcony

Lot

Size: 10,454 Square Feet

Details

Parcel number: R82493
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Stucco
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1983

Community & HOA

Community

Security: Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Lubbock

Financial & listing details

Price per square foot: $98/sqft
Tax assessed value: $204,699
Annual tax amount: $3,622
Date on market: 8/24/2026
Cumulative days on market: 296 days
Listing terms: Cash,Conventional,FHA,VA Loan
Tenant pays: All Utilities
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/24/2026	Listed for sale	$299,900$98/sqft
Source: LBMLS #202608970 Report a problem
8/13/2026	Pending sale	$299,900$98/sqft
Source: LBMLS #202608970 Report a problem
7/16/2026	Price change	$299,900-3.3%$98/sqft
Source: LBMLS #202608970 Report a problem
3/24/2026	Price change	$310,000-1.6%$102/sqft
Source: LBMLS #202603805 Report a problem
10/30/2025	Listed for sale	$315,000$103/sqft
Source: LBMLS #202562469 Report a problem
10/28/2019	Listing removed	$600
Source: CENTURY 21 John Walton Realtors #201905576 Report a problem
6/20/2019	Listed for rent	$600
Source: CENTURY 21 John Walton Realtors #201905576 Report a problem
3/31/2019	Listing removed	$600
Source: CENTURY 21 John Walton Realtors #201901986 Report a problem
1/9/2019	Price change	$600-4%
Source: CENTURY 21 John Walton Realtors #201808136 Report a problem
11/20/2018	Price change	$625-3.8%
Source: CENTURY 21 John Walton Realtors #201808136 Report a problem
9/18/2018	Listed for rent	$650
Source: CENTURY 21 John Walton Realtors #201808136 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,622 -2.6%	$204,699
2024	$3,717 +12.1%	$204,699 +14.8%
2023	$3,315 -18.1%	$178,336 -10.8%
2022	$4,048 +4.7%	$199,984 +10.1%
2021	$3,865 -0.7%	$181,707
2020	$3,891 +3.4%	$181,707 +5%
2019	$3,763 -0.5%	$173,051 0%
2018	$3,782	$173,071 +2.9%
2017	$3,782 +16.8%	$168,239 +15.8%
2016	$3,238	$145,289 -0.2%
2015	$3,238	$145,627
2014	$3,238	$145,627 +1.6%
2013	--	$143,286 -1.5%
2012	--	$145,444
2011	--	$145,444 -1.5%
2010	--	$147,602 -1.4%
2009	--	$149,760 -4.1%
2008	--	$156,234 -5%
2007	--	$164,465
2006	--	$164,465
2005	--	$164,465
2004	--	$164,465 +28.8%
2003	--	$127,705 +19.3%
2002	$2,413 +5.4%	$107,027 +4.7%
2001	$2,288 +0.7%	$102,177
2000	$2,272	$102,177