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    10108 Englewood Avenue Lubbock, TX 79424

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    Pending
    $1,000,000

    MULTI_FAMILY - Other - Lubbock, TX

    Property size:
    2,454 SF
    Lot size:
    0.20 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    6
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 10108 Englewood Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    16
    Bathrooms
    16
    Rooms
    Bedroom 9, Bathroom 16, Bedroom 2, Bathroom 12, Bedroom 13, Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 9, Bedroom 7, Bathroom 11, Bedroom 10, Bathroom 15, Bathroom 13, Bedroom 16, Bedroom 12, Bathroom 4, Bedroom 14, Bedroom 5, Bathroom 14, Bathroom 3, Bathroom 10, Bedroom 15, Bedroom 11, Bedroom 4, Bedroom 3, Bedroom 8, Bathroom 5, Bathroom 6, Bathroom 8, Bathroom 1, Bathroom 7
    Parking features
    Garage
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Pending
    APN
    R161517
    Size
    2,454 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    Meadows South L 166
    Tax Annual Amount
    4923

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    2
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Lauren Egert

    Listing agent Lauren Egert License #0776312

    Listing office Reside Real Estate Co. 6901 Quaker Ave, Ste 100, Lubbock, TX

    Listing date Apr 27, 2026

    MLS# 202605551 Listing URL

    Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lubbock Income-Producing Duplex Portfolio

    This is a rare opportunity to acquire a diversified portfolio of income-producing duplexes located in desirable areas of Lubbock. The properties are well-maintained and feature units with 2 bedrooms, 2 bathrooms, and 2-car garages. The units offer functional, tenant-friendly floorplans that include open living areas, fireplaces, and private outdoor spaces. Each unit is separately metered and designed for ease of management. The portfolio is ideal for investors seeking operational efficiency and scalability. The properties are currently income-producing with a strong rental history, offering immediate cash flow. The property size is 2454 square feet and the lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.938263
    Latitude
    33.501604

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    FAQs

    What type of property is this?
    Duplex - Diversified duplex portfolio in desirable Lubbock locations with strong rental history.
    Where is this duplex located?
    The property is located at 10108 Englewood Avenue Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Portfolio of income‑producing duplexes in desirable Lubbock locations.; Strong rental history with immediate cash flow.; Well‑maintained units feature **2‑bedroom, 2‑bathroom layouts and 2‑car garages.**
    (214) 287-9631
    We can help!
    Listing Contact
    Lauren Egert
    Real Estate License ID: 0776312
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    10108 Englewood Avenue, Lubbock, TX 79424

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