Duplex with Fireplace and
For Sale
$315,000
3102 110th Street, Lubbock, TX 79423
MULTI_FAMILY - Contemporary - Lubbock, TX
Property Size2,357 SF
Lot Size0.17 Acres
Price / SF$133.64
Days on Market112
Property Features for 3102 110th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 4
Parking features
Garage
Window features
Blinds
Patio and Porch features
Porch
Exterior features
Private Yard
Fireplace
1
Appliances
Electric Range
Lot features
Back Yard, Cul-De-Sac
Elementary school
Lubbock-Cooper North
Middle school
Lubbock-Cooper Bush
High school
Cooper
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
7
Standard status
Active
APN
R173602
Size
2,357 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Cooper Stone L 52
Tax Annual Amount
5365
Legal Description
Cooper Stone L 52
Utilities
Heating system
Fireplace(s), Central
Cooling system
Central Air, Ceiling Fan(s)
Amenities
fireplace
Building Details
Year built
2003
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Berkshire Hathaway HomeService
(806) 687-7700
Listed By:
Malgorzata Surowiec · License #0697937
(806) 252-4451
Added: Apr 18
Changed: Aug 5
Last Checked: Aug 7 at 12:06PM
MLS# 202605967
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.
This well-maintained duplex, built in 2003, offers two separate units with an open-concept layout. Each unit includes a cozy fireplace in the living area and a 2-car garage, along with electric range and central heating and cooling. Flooring includes carpet and ceramic tile, and the home features brick construction with a composition roof. A porch and private yard are also part of the property.
The duplex is situated on a corner lot in a quiet cul-de-sac between Indiana Avenue and Flint Ave in Lubbock, TX 79423. Unit A is currently occupied, providing immediate rental income, while Unit B is vacant and may support owner-occupancy or lease-up.
The property size is 2,357 SF on a 0.17-acre lot. Its setup and layout are designed to appeal to tenants seeking comfortable common areas, in-unit functionality, and convenient garage parking.
The duplex is situated on a corner lot in a quiet cul-de-sac between Indiana Avenue and Flint Ave in Lubbock, TX 79423. Unit A is currently occupied, providing immediate rental income, while Unit B is vacant and may support owner-occupancy or lease-up.
The property size is 2,357 SF on a 0.17-acre lot. Its setup and layout are designed to appeal to tenants seeking comfortable common areas, in-unit functionality, and convenient garage parking.
Key Highlights
- 0.17‑acre corner lot on a quiet cul‑de‑sac between Indiana Avenue and Flint Ave
- Duplex built in 2003 with brick construction and a composition roof
- Unit A is occupied; Unit B is vacant for owner‑occupancy or lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,289
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,780
$425.8K
Cap Rate 7%
$304,129
$304.1K
Cap Rate 9%
$236,544
$236.5K
Market Conditions
NOI Build-Up for 2,357 SF
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.
Gross rent
$32.5K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$30.4K $12.90/SF
− OpEx
−$9.1K −$3.87/SF
NOI
$21.3K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,780
Cap Rate 7%
$304,129
Cap Rate 9%
$236,544
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,289 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$273.1K
$238.9K – $318.6K
NOI $19,115 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$594.2K
$519.9K – $693.2K
NOI $41,594 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex on a corner cul-de-sac with a fireplace in the living area and a 2-car garage per unit.
Where is this duplex located?
The property is located at 3102 110th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 0.17‑acre corner lot on a quiet cul‑de‑sac between Indiana Avenue and Flint Ave; Duplex built in 2003 with brick construction and a composition roof; Unit A is occupied; Unit B is vacant for owner‑occupancy or lease‑up
