3110 109th Street, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
- Added:
- May 25, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 9 at 12:06 pm
Property Features for 3110 109th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 7, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Bathroom 8, Bedroom 2, Bathroom 2, Bedroom 6
- 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
- 3,504 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
- Carpet, Tile, Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agent Jennifer McCormick License #0689235 (432) 955-4897
Listing office Home Grown Real Estate Co. 150 W FM 2306, Levelland, TX (432) 955-4897
Listing date May 25, 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 built in 2005 with approximately 1,752 sq ft per unit
- Side A is occupied by a long‑term tenant with lease expiration on 6/30
- Side B will be vacant beginning 6/3
- Major updates include a new 30‑year roof installed in 2020 and all new aluminum windows
- New HVAC system installed in 2021
- Public utilities: public water and public sewer; central heating and central air plus garage parking
Overview
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 | $48.4k | $13.80 |
| − Vacancy | −$3.1k | −$0.90 |
| EGI | $45.2k | $12.90 |
| − OpEx | −$13.6k | −$3.87 |
| NOI | $31.6k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.882643
- Latitude
- 33.495565