3809 36th Street, Lubbock, TX 79413
MULTI_FAMILY - Lubbock, TX
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 3809 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Parking features
- Driveway
- Standard status
- Active
- APN
- R338901
- Size
- 1,630 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Sunny Hill Blk 3 L 5A
- Tax Annual Amount
- 3933
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Ceiling Fan(s)
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Blown-In Insulation, Brick Veneer, Masonite
- Roof type
- Composition
Listing agent Coby Crump License #0468085 (806) 789-4600
Listing office Exit Realty of Lubbock 2405 W Loop 289, Ste 100, Lubbock, TX (806) 771-3900
Listing date Jun 19, 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
- Year built 2023
- 3/2/2 home retrofitted into a front apartment and two back room rentals
- Front apartment rents for $925; each back room rental rents for $650
- Each unit has a separate entrance and parking accessibility
- 2 back bedrooms share a spacious bathroom with locking doors
Overview
The home includes parking accessibility for the separated rentals, making it practical for residents who prefer direct arrival and entry. The arrangement places the apartment at the front while keeping the two back room rentals behind it.
For investors or buyers looking for a smaller residential income setup, the property offers three separate rentable spaces within one building footprint. The separate entrances and parking accessibility can help reduce operational friction compared with more shared-access designs. Current reported rents are $925 for the front apartment and $650 for each back room rental, providing a clear starting point for evaluating the unit economics.
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 | $22.5k | $13.80 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $21.0k | $12.90 |
| − OpEx | −$6.3k | −$3.87 |
| NOI | $14.7k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.897608
- Latitude
- 33.561244
