Duplex with Central
For Sale
$199,900
3301 Avenue M, Lubbock, TX 79411
MULTI_FAMILY - Ranch - Lubbock, TX
Property Size1,761 SF
Lot Size0.16 Acres
Price / SF$113.52
Days on Market91
Property Features for 3301 Avenue M
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway
Window features
Screens, Double Pane Windows
Interior features
Granite Counters
Appliances
Dishwasher, Disposal, Electric Oven, Microwave, Refrigerator, Stainless Steel Appliance(s)
Lot features
Back Yard
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Active
APN
R86527
Size
1,761 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Summer Hill Blk 6 L 7
Tax Annual Amount
3150
Legal Description
Summer Hill Blk 6 L 7
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
new fridge
dishwasher
stove
microwave
Ceramic tile floors
metal fence
cold A/C
Building Details
Year built
2022
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Wood Siding
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Caprock Realty
(806) 773-1304
Listed By:
Jim Tidwell · License #0559996
(806) 773-1304
Added: May 8
Changed: Aug 2
Last Checked: Aug 6 at 7:06AM
MLS# 202606140
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 newer duplex at 3301 Avenue M in Lubbock offers a residential income configuration with 1,761 square feet of living space on a 0.16-acre lot. Built in 2022 with a ranch architectural style, the property features wood siding and a composition roof, with ceramic tile flooring and granite counters inside.
The home is equipped with central heating and central air conditioning, supported by public water service. Appliances included in the unit(s) are dishwasher, disposal, electric oven, microwave, and refrigerator. Parking is provided via a driveway.
With the included appliances and refreshed interior finishes referenced in the remarks, the layout and utilities are set up for a straightforward residential rental use, or for an owner seeking a low-maintenance duplex with modern construction.
The home is equipped with central heating and central air conditioning, supported by public water service. Appliances included in the unit(s) are dishwasher, disposal, electric oven, microwave, and refrigerator. Parking is provided via a driveway.
With the included appliances and refreshed interior finishes referenced in the remarks, the layout and utilities are set up for a straightforward residential rental use, or for an owner seeking a low-maintenance duplex with modern construction.
Key Highlights
- 0.16‑acre lot with 1,761 SF duplex built in 2022
- Ceramic tile flooring and granite counters
- Central heating and central air conditioning
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 | $24.3k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $22.7k | $12.90 |
| − OpEx | −$6.8k | −$3.87 |
| NOI | $15.9k | $9.03 |
1,761 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.2K
$198.8K – $265.1K
NOI $15,906 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$204.0K
$178.5K – $238.0K
NOI $14,282 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,077 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 79411, TX
7,297
Population
3,474
Households
2.1
Avg Household Size
31
Median Age
22%
College-Educated
72%
High-School Grad
1.5 sq mi
ZIP Area
4,865
Density / Sq Mi
$44,866
Median Household Income
$24,493
Median Earnings
$942
Median Rent
$85,000
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 - Newer duplex built in 2022 featuring central air, ceramic tile flooring, and a driveway for convenient parking.
Where is this duplex located?
The property is located at 3301 Avenue M Lubbock, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 0.16‑acre lot with 1,761 SF duplex built in 2022; Ceramic tile flooring and granite counters; Central heating and central air conditioning
