Updated Duplex with Two Renovated
2117 35th Street Lubbock, TX 79412
For Sale
$145,000
MULTI_FAMILY - Lubbock, TX
Property Size1,310 SF
Lot Size0.18 Acres
Price / SF$110.69
Days on Market24
Property Features for 2117 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
- Appliances
- Washer/Dryer
- Standard status
- Active
- APN
- R37533
- Size
- 1,310 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Telford Blk 1 L 9
- Tax Annual Amount
- 2111
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1956
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Progressive Properties
(806) 794-7777
Listed By:
Josh Barrett · License #0776750
(806) 401-6153
Added: Jul 2
Changed: Jul 18
Last Checked: Jul 25 at 1:06PM
MLS# 202609008
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.
2117 35th Street presents an updated duplex with two separately configured residential units. Both units have been recently renovated, offering modern finishes intended to support broad renter and owner-occupant appeal. Unit A is currently occupied on a month-to-month lease, providing immediate rental income. Unit B will be vacant prior to closing, creating flexibility for a buyer to move in while collecting rent from the other unit, or to lease the second unit as part of a two-unit rental strategy.
The property is located in Lubbock, Texas (79412). With a duplex format, it supports multiple living arrangements under one ownership structure, which can simplify operations compared to owning two separate homes.
This duplex is well suited for owner-occupants looking for income to help offset housing costs, as well as investors seeking a manageable two-unit asset with one unit already producing rent and the second unit available for immediate positioning after closing. If you want a renovated, turn-ready duplex with an occupancy transition built into the transaction timeline, schedule a private showing to review the layout, updates, and current lease details for Unit A.
The property is located in Lubbock, Texas (79412). With a duplex format, it supports multiple living arrangements under one ownership structure, which can simplify operations compared to owning two separate homes.
This duplex is well suited for owner-occupants looking for income to help offset housing costs, as well as investors seeking a manageable two-unit asset with one unit already producing rent and the second unit available for immediate positioning after closing. If you want a renovated, turn-ready duplex with an occupancy transition built into the transaction timeline, schedule a private showing to review the layout, updates, and current lease details for Unit A.
Key Highlights
- Updated duplex built in 1956 with brick construction, central heating, and central air
- Unit A is occupied on a month‑to‑month lease at $750 per month for immediate rental income
- Unit B will be vacant prior to closing, offering flexibility to move in or lease it
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 | $18.1k | $13.80 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $16.9k | $12.90 |
| − OpEx | −$5.1k | −$3.87 |
| NOI | $11.8k | $9.03 |
1,310 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$169.0K
$147.9K – $197.2K
NOI $11,832 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$151.8K
$132.8K – $177.1K
NOI $10,624 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$330.3K
$289.0K – $385.3K
NOI $23,118 @ 7.0% cap · market cap 15.94%
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 - Two recently renovated units, with one on month-to-month occupancy and the other vacant for flexible move-in or leasing.
Where is this duplex located?
The property is located at 2117 35th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Updated duplex built in 1956 with brick construction, central heating, and central air; Unit A is occupied on a month‑to‑month lease at $750 per month for immediate rental income; Unit B will be vacant prior to closing, offering flexibility to move in or lease it
