2914 Duke Street Lubbock, TX 79415
MULTI_FAMILY - Lubbock, TX
Property Features for 2914 Duke Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 1
- Parking features
- Driveway
- Standard status
- Active
- APN
- R26770
- Size
- 2,200 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Tech Gardens Blk 2 W/2 Of L 7
- Tax Annual Amount
- 4759
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Number of units
- 2
- Building materials
- Wood Siding
Listing agent Andrew Keaton License #0716753 (806) 620-9309
Listing office Realty Refined 6401 107th Street, Ste 100, Lubbock, TX (806) 799-4200
Listing date Mar 26, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- New construction duplex (built in 2023)
- Located minutes from Texas Tech and the Medical District
- Each unit features 3 bedrooms and 1 bathroom
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 | $30.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $28.4k | $12.90 |
| − OpEx | −$8.5k | −$3.87 |
| NOI | $19.9k | $9.03 |
