Lubbock Duplex: Investment
2330 F M 1294 Lubbock, TX 79403
For Sale
$270,000
Pending
MULTI_FAMILY - Lubbock, TX
Property Size3,034 SF
Lot Size0.72 Acres
Days on Market198
Property Features for 2330 F M 1294
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Double Vanity, Granite Counters, Walk-In Closet(s)
- Exterior features
- Private Yard
- Fencing
- Privacy
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Microwave
- Standard status
- Pending
- Size
- 3,034 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Description
- 0.718 acre tract, Lot 8, Dawn West Estates
- Tax Annual Amount
- 1
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Well
Building Details
- Year built
- 2021
- Number of units
- 2
- Flooring type
- Vinyl, Plank
- Building materials
- Brick, Stone
- Roof type
- Composition
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Gina Sutton · License #0609174
(806) 789-1211
Added: Jan 8
Changed: Jun 8
Last Checked: Jul 25 at 4:06AM
MLS# 202600320
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.
Located in Lubbock, TX, the property at 2330 FM 1294 A & B presents a multi-family investment opportunity. This duplex features two well-maintained units, both currently rented, offering immediate income potential. Each unit includes 3 bedrooms, 2 bathrooms, and a 1-car garage. Durable flooring is installed throughout, with no carpet. The primary suites feature double vanities and walk-in closets. Each unit has its own fenced backyard with a covered back patio. The property, situated on a 0.72-acre lot, operates on a shared well with separate septic systems for each unit. The total property size is 3034 square feet. This residential income property is located just outside city limits.
Key Highlights
- Immediate income potential from two currently rented, well‑maintained units.
- Each unit features 3 bedrooms, 2 bathrooms, and a 1‑car garage.
- Durable vinyl and plank flooring throughout.
Financial Insights For Apartment 5plus
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 | $47.7k | $15.72 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $44.7k | $14.75 |
| − OpEx | −$20.1k | −$6.64 |
| NOI | $24.6k | $8.11 |
3,034 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$764.9K
$669.3K – $892.4K
NOI $53,542 @ 7.0% cap · market cap 19.83%
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 - Well-maintained duplex in Lubbock with immediate income potential.
Where is this duplex located?
The property is located at 2330 F M 1294 Lubbock, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Immediate income potential from two currently rented, well‑maintained units.; Each unit features 3 bedrooms, 2 bathrooms, and a 1‑car garage.; Durable vinyl and plank flooring throughout.
