Leased Duplex Investment
3417 & 3419 Hyden Lubbock, TX 79407
3417 & 3419 Hyden, Lubbock, TX, 79407
$210,000
For Sale
$210,000
MULTI_FAMILY - Lubbock, TX
Property Size1,670 SF
Lot Size0.06 Acres
Price / SF$125.75
Days on Market31
Property Features for 3417 & 3419 Hyden
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2
- Interior features
- Ceiling Fan(s)
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- R98251
- Size
- 1,670 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- Park Lorraine Tr C-27 &Pt C-52 & TR C-28 &PT C-52
- Tax Annual Amount
- 2718
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1985
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
WestMark Companies
(806) 794-6000
4105 84th Street, Lubbock, TX
Listed by
Joy Daniel · License #0525754
(806) 535-1206
Added: Jun 17 Checked: Jul 17 at 11:06 am
MLS# 202608313
Listing URL
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 features two identical units, each with two bedrooms and two bathrooms. Interior highlights include a spacious living area with a fireplace, vaulted ceiling, and laminate flooring. Each unit also includes an efficient kitchen with a dishwasher and range, with the refrigerator included. The primary bedroom is isolated and served by an en-suite bath with a tub and shower combination. Covered patio space is complemented by a small fenced yard, along with washer and dryer connections for convenient laundry setup. Front parking and minimal yard upkeep support low-maintenance operation, and the property includes a new roof scheduled for 2026.
The duplex is located in Lubbock, Texas at 3417 and 3419 Hyden (79407). The site is tucked away on a cul-de-sac with quick access to Loop 289. It sits across from Costco and the West End Shopping Center.
For buyers seeking a residential income property, the identical unit configuration and fully leased status can simplify management and planning. The combination of front parking, covered outdoor space, and in-unit kitchen appliances supports strong everyday livability for tenants, while the new roof in 2026 addresses a key long-term exterior need.
The duplex is located in Lubbock, Texas at 3417 and 3419 Hyden (79407). The site is tucked away on a cul-de-sac with quick access to Loop 289. It sits across from Costco and the West End Shopping Center.
For buyers seeking a residential income property, the identical unit configuration and fully leased status can simplify management and planning. The combination of front parking, covered outdoor space, and in-unit kitchen appliances supports strong everyday livability for tenants, while the new roof in 2026 addresses a key long-term exterior need.
Key Highlights
- Fully leased duplex on a cul‑de‑sac with front parking and minimal yard upkeep
- Each side is identical: 2 bedrooms and 2 bathrooms, with a spacious living area and fireplace
- Vaulted ceilings and laminate flooring; ceiling fans in the interior
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 | $23.0k | $13.80 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $21.5k | $12.90 |
| − OpEx | −$6.5k | −$3.87 |
| NOI | $15.1k | $9.03 |
1,670 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.4K
NOI $15,084 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,544 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$421.0K
$368.4K – $491.2K
NOI $29,471 @ 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
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FAQs
What type of property is this?
Duplex - Fully leased duplex offers identical two-bedroom, two-bath units with covered patios and front parking.
Where is this duplex located?
The property is located at 3417 & 3419 Hyden Lubbock, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Fully leased duplex on a cul‑de‑sac with front parking and minimal yard upkeep; Each side is identical: 2 bedrooms and 2 bathrooms, with a spacious living area and fireplace; Vaulted ceilings and laminate flooring; ceiling fans in the interior
