Lubbock Duplex in High
3114 111th Street Lubbock, TX 79423
For Sale
$335,000
MULTI_FAMILY - Lubbock, TX
Property Size2,663 SF
Lot Size0.35 Acres
Price / SF$125.80
Days on Market155
Property Features for 3114 111th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3
- Parking features
- Garage
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Breakfast Bar, Ceiling Fan(s), Pantry, Recessed Lighting, Walk-In Closet(s)
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Oven, Microwave
- Standard status
- Active
- APN
- R173638
- Size
- 2,663 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- Cooper Stone L 88
- Tax Annual Amount
- 6095
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2005
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Steadfast Realty, LLC
(806) 451-4767
Listed By:
Jim Archer · License #0693553
(806) 786-4407
Added: Feb 19
Changed: Jul 21
Last Checked: Jul 24 at 10:06PM
MLS# 202602266
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 fully leased duplex is located in South Lubbock within the Lubbock Cooper Independent School District. Each unit features 3 bedrooms and 2 bathrooms, along with a 2-car garage. The property is professionally managed and experiences high rental demand due to its location. The duplex offers a potential plug-and-play cash flow opportunity for investors, with the option to retain the current management. The units are designed for low maintenance, featuring Luxury Vinyl Plank flooring in the main living areas. The property, situated on a 0.35-acre lot, totals 2663 square feet. This duplex presents an opportunity for residential income and multi-family cash flow.
Key Highlights
- Fully leased South Lubbock duplex with both units currently occupied
- Each unit is a 3 bed, 2 bath with a full 2‑car garage (2 garages total per duplex)
- Interior features include breakfast bar, pantry, recessed lighting, ceiling fans, and walk‑in closets
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 | $36.7k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $34.4k | $12.90 |
| − OpEx | −$10.3k | −$3.87 |
| NOI | $24.1k | $9.03 |
2,663 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,597 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$671.3K
$587.4K – $783.2K
NOI $46,994 @ 7.0% cap · market cap 14.03%
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 - Fully leased duplex in South Lubbock with Cooper ISD.
Where is this duplex located?
The property is located at 3114 111th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Fully leased South Lubbock duplex with both units currently occupied; Each unit is a 3 bed, 2 bath with a full 2‑car garage (2 garages total per duplex); Interior features include breakfast bar, pantry, recessed lighting, ceiling fans, and walk‑in closets
