Duplex Income
3110 109th Street Lubbock, TX 79423
For Sale
$350,000
MULTI_FAMILY - Lubbock, TX
Property Size3,186 SF
Lot Size0.17 Acres
Price / SF$109.86
Days on Market61
Property Features for 3110 109th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Parking features
- Garage
- Interior features
- Ceiling Fan(s), Open Floorplan
- Exterior features
- Private Yard
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Range, Microwave
- Standard status
- Active
- APN
- R173575
- Size
- 3,186 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Cooper Stone L 26
- Tax Annual Amount
- 6881
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2005
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Home Grown Real Estate Co.
(432) 955-4897
Listed By:
Jennifer McCormick · License #0689235
(432) 955-4897
Added: May 25
Changed: Jul 18
Last Checked: Jul 24 at 7:06PM
MLS# 202607080
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 for-sale duplex offers two residential units, each approximately 1,593 square feet, arranged with a well-designed open floor plan, generously sized bedrooms, and an oversized primary closet. Unit B is currently vacant and move-in ready, allowing a new occupant to take possession with minimal delay. Unit A is tenant occupied by a long-term tenant, with the lease set to expire on June 30.
The property includes multiple improvements completed over the years. A new 30-year roof was installed in 2020, along with all new aluminum windows. Exterior updates include new 29-gauge steel embossed fascia and new aluminum porch ceilings, plus updated garage door facings with 29-gauge steel wrap. Additional upgrades include replacement fencing and gates for Unit B in 2019, a new HVAC system installed in 2021, and new fencing with gates added to Unit A in 2025.
For owner-occupants or investors, the layout supports duplex living or dual rental income, with one side ready immediately and the other side providing continued occupancy until the lease expiration. The recent capital improvements and ongoing exterior maintenance can help reduce near-term repair concerns while supporting stable operation of the property.
The property includes multiple improvements completed over the years. A new 30-year roof was installed in 2020, along with all new aluminum windows. Exterior updates include new 29-gauge steel embossed fascia and new aluminum porch ceilings, plus updated garage door facings with 29-gauge steel wrap. Additional upgrades include replacement fencing and gates for Unit B in 2019, a new HVAC system installed in 2021, and new fencing with gates added to Unit A in 2025.
For owner-occupants or investors, the layout supports duplex living or dual rental income, with one side ready immediately and the other side providing continued occupancy until the lease expiration. The recent capital improvements and ongoing exterior maintenance can help reduce near-term repair concerns while supporting stable operation of the property.
Key Highlights
- Duplex built in 2005 with approximately 1,593 SF per unit and an open floor plan on both sides
- Unit B is vacant and move‑in ready; Unit A is tenant occupied with a long‑term tenant who would renew when the lease expires June 30
- Major exterior updates include a new 30‑year composition roof installed in 2020 and all new aluminum windows
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 | $44.0k | $13.80 |
| − Vacancy | −$2.9k | −$0.90 |
| EGI | $41.1k | $12.90 |
| − OpEx | −$12.3k | −$3.87 |
| NOI | $28.8k | $9.03 |
3,186 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.1K
$359.7K – $479.6K
NOI $28,776 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$369.1K
$323.0K – $430.6K
NOI $25,838 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$803.2K
$702.8K – $937.1K
NOI $56,224 @ 7.0% cap · market cap 16.06%
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 - Duplex with two open-plan units, one move-in ready, supported by recent roof, windows, HVAC, and fencing updates.
Where is this duplex located?
The property is located at 3110 109th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex built in 2005 with approximately 1,593 SF per unit and an open floor plan on both sides; Unit B is vacant and move‑in ready; Unit A is tenant occupied with a long‑term tenant who would renew when the lease expires June 30; Major exterior updates include a new 30‑year composition roof installed in 2020 and all new aluminum windows
