2131 Kokomo Avenue, Lubbock, TX 79407
MULTI_FAMILY - Lubbock, TX
- Added:
- Feb 19, 2026
- Days on Market:
- 111
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 2131 Kokomo Avenue
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
- Garage
- Window features
- Blinds
- Interior features
- Ceiling Fan(s), Kitchen Island, Pantry
- Exterior features
- Private Yard
- Appliances
- Dishwasher, Electric Range, Microwave, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- R341430
- Size
- 2,720 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- 19th & Mackey L 293
- Tax Annual Amount
- 7022
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Composition
Listing agent Sarah Newton License #0739064 (806) 781-3310
Listing office Modern Day Living RE LLC 5721 82nd Street, Lubbock, TX (806) 544-7518
Listing date Feb 19, 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 2022 with Unit A and Unit B, each offering 3 bedrooms and 2 bathrooms
- Approximately 1,360 sq. ft. per side with 6 total bedrooms and 4 total bathrooms
- Current rent is $1,500 per side ($3,000 total) with both units fully tenant‑occupied
- Current leases will convey with the sale for immediate rental income
- Backyards feature low‑maintenance turf
- Central heating and central air; each unit includes a garage
Overview
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 | $37.5k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $35.1k | $12.90 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.6k | $9.03 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -102.015522
- Latitude
- 33.572759
