Turnkey Lubbock Duplex Investment
1621 133rd Street Lubbock, TX 79423
1621 133rd Street, Lubbock, TX, 79423
$349,900
For Sale
$349,900
MULTI_FAMILY - Other - Lubbock, TX
Property Size3,052 SF
Lot Size0.17 Acres
Price / SF$114.65
Days on Market166
Property Features for 1621 133rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking features
- Garage
- Window features
- Double Pane Windows
- Interior features
- Ceiling Fan(s), Granite Counters, High Ceilings, High Speed Internet, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s)
- Exterior features
- Private Entrance, Private Yard
- Fencing
- Fenced
- Appliances
- Dishwasher, Disposal, Electric Range, Exhaust Fan, Microwave
- Standard status
- Active
- APN
- R337733
- Size
- 3,052 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Bell Farms L 1126
- Tax Annual Amount
- 7768
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Attic Fan
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick, Stone Veneer
- Roof type
- Composition
- Architectural style
- Other
Listing agency
WestMark Companies
(806) 794-6000
Listed by
Kristi Sherrard · License #0746574
(806) 441-3613
Added: Feb 6 Updated: Jul 18 at 8:35AM Checked: Jul 22 at 8:06PM
MLS# 202601655
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 multifamily property in Lubbock, Texas, presents a wonderful opportunity for investors seeking a turnkey property in the Lubbock-Cooper Independent School District. The duplex features a modern design, with each side offering three bedrooms, two bathrooms, and a one-car garage. Interior finishes include granite countertops, fresh neutral paint colors, and luxury vinyl plank flooring. The property includes turf in both the front and back yards. The property size is 3052 square feet and the lot size is 0.17 acres. Both sides of the duplex are currently tenanted.
Key Highlights
- 2021‑built modern duplex in Lubbock‑Cooper with two sides, each with 3 bedrooms and 2 bathrooms
- Each side includes a one‑car garage and private entrance
- Interior features include granite counters, high ceilings, recessed lighting, and walk‑in closets
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 | $42.1k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $39.4k | $12.90 |
| − OpEx | −$11.8k | −$3.87 |
| NOI | $27.6k | $9.03 |
3,052 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.4K
NOI $27,566 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$353.6K
$309.4K – $412.5K
NOI $24,752 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$769.4K
$673.2K – $897.7K
NOI $53,859 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Modern duplex in Lubbock-Cooper ISD, fully tenanted, great investment.
Where is this duplex located?
The property is located at 1621 133rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2021‑built modern duplex in Lubbock‑Cooper with two sides, each with 3 bedrooms and 2 bathrooms; Each side includes a one‑car garage and private entrance; Interior features include granite counters, high ceilings, recessed lighting, and walk‑in closets
