Duplex with Two-Car
1602 102nd Street Lubbock, TX 79423
For Sale
$365,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size3,046 SF
Lot Size0.19 Acres
Price / SF$119.83
Days on Market97
Property Features for 1602 102nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
- Parking features
- Driveway, Garage
- Patio and Porch features
- Porch
- Interior features
- Breakfast Bar, Ceiling Fan(s), Double Vanity, Granite Counters, Walk-In Closet(s)
- Exterior features
- Private Yard
- Fireplace
- 1
- Appliances
- Disposal
- Standard status
- Active
- APN
- R332221
- Size
- 3,046 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- STONEBRIDGE COMMUNITY L 171
- Tax Annual Amount
- 7655
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Ceiling Fan(s), Electric
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick, Stone
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Travis Turner · License #0660475
(806) 577-2508
Added: Apr 20
Changed: Jul 18
Last Checked: Jul 25 at 12:06AM
MLS# 202605226
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.
Built in 2019, this duplex offers two matching units with a modern layout and practical living space. Each side is configured as a 3-bedroom, 2-bath home and includes a full-size garage, providing straightforward parking and storage for residents. Both units are currently leased, which can help simplify near-term occupancy planning.
The property is located in the Cooper School District in Lubbock, Texas (79423). With a total lot size of 0.19 acres, the setup supports a compact, manageable income-property footprint.
For buyers looking to add to an investment portfolio, the dual-unit structure provides separate residential spaces under one ownership. For owner-occupants interested in a “house hack” approach, the duplex layout allows living in one side while collecting rent from the other, subject to lease terms and tenant agreements. The current leased status also means there is an established rental arrangement in place—an important consideration for investors evaluating income properties.
The property is located in the Cooper School District in Lubbock, Texas (79423). With a total lot size of 0.19 acres, the setup supports a compact, manageable income-property footprint.
For buyers looking to add to an investment portfolio, the dual-unit structure provides separate residential spaces under one ownership. For owner-occupants interested in a “house hack” approach, the duplex layout allows living in one side while collecting rent from the other, subject to lease terms and tenant agreements. The current leased status also means there is an established rental arrangement in place—an important consideration for investors evaluating income properties.
Key Highlights
- Built in 2019 duplex with both units currently leased: $1,499/mo and $1,450/mo
- Each side offers 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Interior features include granite counters, double vanity, breakfast bar, and walk‑in closets
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 | $42.0k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $39.3k | $12.90 |
| − OpEx | −$11.8k | −$3.87 |
| NOI | $27.5k | $9.03 |
3,046 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,512 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,703 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$767.9K
$671.9K – $895.9K
NOI $53,753 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - 2019-built duplex with two leased 3BR/2BA units and full-size garages on each side.
Where is this duplex located?
The property is located at 1602 102nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Built in 2019 duplex with both units currently leased: $1,499/mo and $1,450/mo; Each side offers 3 bedrooms, 2 bathrooms, and a 2‑car garage; Interior features include granite counters, double vanity, breakfast bar, and walk‑in closets
