301 36th Street, Lubbock, TX 79404
MULTI_FAMILY - Other - Lubbock, TX
- Added:
- May 6, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 301 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Security features
- Security System
- Window features
- Double Pane Windows, Blinds
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- APN
- R332828
- Size
- 1,500 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Putty Ross Blk 1 L 3B
- Tax Annual Amount
- 2649
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2018
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Board & Batten Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Kyle Watts License #0505515 (806) 239-6441
Listing office Legendary Dreams Realty, Inc. 7207 N CR 1440, Shallowater, TX (806) 239-6441
Listing date May 6, 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 with Units A & B, currently rented for $725/month each
- Leases for Units A & B are up in September and November
- 2018 construction with board‑and‑batten siding and a composition roof
- Central heating and central air with electric heating and electric cooling
- Laminate flooring and ceiling fans throughout
- Public water and public sewer; cable available
Overview
The duplex is located at 301 36th Street in Lubbock, Texas 79404, in Lubbock County. The listing indicates that other duplexes in the same area are renting for $950 per month and are described as being in the same condition. Buyers should confirm all details directly with the listing agent.
For prospective investors or owner-occupants, this duplex offers a two-unit structure with rental activity already underway. The staggered lease expirations can support planning for future occupancy changes, renewals, or re-leasing depending on tenant decisions at the end of each term. The seller states they will consider carrying the note or the assumption of the owner’s current loan at a 3.5% rate, with cash equity paid at closing. For more information on current rents, terms, and next steps, contact the listing agent.
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.4k | $12.90 |
| − OpEx | −$5.8k | −$3.87 |
| NOI | $13.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.837933
- Latitude
- 33.561641
