1107 N Englewood Avenue, Lubbock, TX 79416
MULTI_FAMILY - Other - Lubbock, TX
Property Features for 1107 N Englewood Avenue
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
Located in Lubbock, TX near shopping, the medical district, and Texas Tech University. Side B is leased on a month-to-month basis, and Side A is vacant as of October 11th, 2024.
Built in 2021, the duplex sits on a 0.23-acre lot and has a total property size of 2,890 square feet.
Key Highlights
- One‑story duplex with brick and wood siding and composition shingle roof
- Each side is configured as a 3/2/2 layout
- Side B is leased on a month‑to‑month basis; Side A is vacant as of October 11th, 2024
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $37.3k | $12.90 |
| − OpEx | −$11.2k | −$3.87 |
| NOI | $26.1k | $9.03 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 79416, TX
Market
Vacancy Rate% for Multifamily in South region