1602 102nd Street, Lubbock, TX 79423
- Added:
- Apr 20, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 9 at 2:06 pm
Property Features for 1602 102nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- 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
- Pending
- 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
- Electric, Ceiling Fan(s)
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 agent Travis Turner License #0660475 (806) 577-2508
Listing office Brick & Loft Realty 9607 Milwaukee Ave, Lubbock, TX (806) 999-0722
Listing date Apr 20, 2026
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.
HighLights
- Duplex built in 2019 with both units currently leased
- Each unit offers 3 bedrooms and 2 bathrooms with a 2‑car garage
- Unit rent includes $1,499/mo on one side and $1,450/mo on the other side
- Modern interior features include granite counters, double vanity, and walk‑in closets
- Central natural gas heating with electric cooling and ceiling fans
- Private yard with porch and driveway parking
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.853387
- Latitude
- 33.502314
