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Duplex with One Leased Unit
New
For Sale
$105,000

1516 27th Street, Lubbock, TX 79411

Residential Income, Lubbock, TX

Property Size1,300 SF
Lot Size0.15 Acres
Price / SF$80.77
Days on Market6

Property Features for 1516 27th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1
Parking features Off Street
Elementary school Bean
Middle school Dunbar College Preparatory Academy
High school Estacado
Elementary school district Lubbock ISD
Middle school district Lubbock ISD
High school district Lubbock ISD
Subdivision 2
Standard status Active
APN R31222
Size 1,300 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description Belmont Pl Blk 2 L 17
Tax Annual Amount 1107
Legal Description Belmont Pl Blk 2 L 17

Utilities

Heating system Central
Cooling system Central Air

Building Details

Year built 1943
Building materials Wood Siding
Listing Agency: Sutherland, REALTORS
Listed By: Madison Sutherland · License #0853397
Added: Sep 17 Changed: Sep 22 Last Checked: Sep 22 at 10:06PM
MLS# 202613084

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.

Investment Insights

Based on property information with market context.

This 1,300-square-foot duplex was built in 1943 and includes two residential units with a combined layout of three bedrooms and two bathrooms. Wood siding, central heating and central air serve the property, while off-street parking is available. The 0.15-acre parcel includes an occupied front unit and a vacant rear unit, creating distinct current and future use options.

The front residence is leased, providing existing rental activity, while the back unit is vacant and can be placed into service or used by an owner-occupant. Located at 1516 27th Street in Lubbock, the property is within ZIP code 79411.

Key Highlights

  • Duplex with 1,300 square feet of total property size
  • 0.15‑acre lot at 1516 27th Street, Lubbock, TX 79411
  • Front unit is currently rented; rear unit is vacant

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Gym & Fitness Center (Bike/Boat/Book/etc) Store Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

639
Businesses Nearby

Demographics for 79411, TX

7,297
Population
3,474
Households
2.1
Avg Household Size
31
Median Age
22%
College-Educated
72%
High-School Grad
1.5 sq mi
ZIP Area
4,865
Density / Sq Mi
$44,866
Median Household Income
$24,493
Median Earnings
$942
Median Rent
$85,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with one occupied side and a separate vacant unit for added flexibility.
Where is this duplex located?
The property is located at 1516 27th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Duplex with 1,300 square feet of total property size; 0.15‑acre lot at 1516 27th Street, Lubbock, TX 79411; Front unit is currently rented; rear unit is vacant
More about this property
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