Brick Multi-Family Residence with
2114 N Avenue K Lubbock, TX 79403
For Sale
$298,000
Pending
MULTI_FAMILY - Lubbock, TX
Property Size2,708 SF
Lot Size0.15 Acres
Days on Market185
Property Features for 2114 N Avenue K
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2
- Parking features
- Garage, Driveway
- Interior features
- Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Pantry
- Appliances
- Dishwasher, Electric Range, Microwave
- Standard status
- Pending
- APN
- R341864
- Size
- 2,708 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Cypress Grove L 198
- Tax Annual Amount
- 6032
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Collen Melton · License #0774198
(806) 999-5353
Added: Jan 21
Changed: Jul 11
Last Checked: Jul 25 at 12:06AM
MLS# 202601026
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.
Offered for sale, this 2022-built multi-family residence at 2114 N Avenue K features a brick exterior and a clean, functional layout. The home provides approximately 2,708 square feet with six bedrooms and four full bathrooms, creating flexibility for tenants or for owner-occupation with additional living space. An attached garage adds convenient parking along with extra storage.
Located in North Lubbock within the 79403 area, the property is positioned in an established part of town and described as being minutes from local shopping, dining, schools, and major roadways. The combination of modern construction and low-maintenance exterior is intended to support day-to-day ease for residents and operators.
For tenants, the unit configuration emphasizes multiple bedrooms and full baths to accommodate different household setups. For buyers, the property’s size and bedroom/bath count provide a straightforward platform for rental or shared living use. With the attached garage and durable brick exterior, the home is designed for practical utility while remaining adaptable to changing occupancy needs.
Located in North Lubbock within the 79403 area, the property is positioned in an established part of town and described as being minutes from local shopping, dining, schools, and major roadways. The combination of modern construction and low-maintenance exterior is intended to support day-to-day ease for residents and operators.
For tenants, the unit configuration emphasizes multiple bedrooms and full baths to accommodate different household setups. For buyers, the property’s size and bedroom/bath count provide a straightforward platform for rental or shared living use. With the attached garage and durable brick exterior, the home is designed for practical utility while remaining adaptable to changing occupancy needs.
Key Highlights
- 6 bedrooms and 4 full bathrooms with an approximately 2,708 SF interior layout
- Built in 2022 with a brick exterior and a composition roof
- Open floorplan with high ceilings, granite counters, and a pantry
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 | $37.4k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $34.9k | $12.90 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.5k | $9.03 |
2,708 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.4K
$305.7K – $407.7K
NOI $24,459 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$313.7K
$274.5K – $366.0K
NOI $21,962 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$682.7K
$597.4K – $796.5K
NOI $47,789 @ 7.0% cap · market cap 16.04%
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 - Modern 2022 multi-family home offering six bedrooms, four full baths, and an attached garage in North Lubbock.
Where is this duplex located?
The property is located at 2114 N Avenue K Lubbock, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 6 bedrooms and 4 full bathrooms with an approximately 2,708 SF interior layout; Built in 2022 with a brick exterior and a composition roof; Open floorplan with high ceilings, granite counters, and a pantry
