For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lubbock Multifamily Property Near Amenities Title is generated by Realmo AI

    3821 133rd Street, Lubbock, TX 79423

    View on Map
    Claim this Listing
    For Sale
    $420,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    3,102 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $135/SF
    Added:
    Jan 26, 2026
    Days on Market:
    145
    Last Refresh:
    Jun 20 at 4:06 pm

    Property Features for 3821 133rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1
    Parking features
    Garage
    Interior features
    Ceiling Fan(s)
    Appliances
    Dishwasher, Electric Oven, Electric Range, Microwave
    Standard status
    Active
    APN
    R324836
    Size
    3,102 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    KELSEY PARK L 75

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2014
    Number of units
    2
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Dennis Carrizales

    Listing agent Dennis Carrizales License #0738689

    Listing office Coldwell Banker Trusted Adviso 4924 S Loop 289, Lubbock, TX

    Listing date Jan 26, 2026

    MLS# 202601179 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.

    HighLights

    • Built in 2014 with brick construction
    • Central heating with natural gas
    • Central air cooling with electric cooling
    • Kitchen appliances include dishwasher, electric oven, electric range, and microwave
    • Composition roof
    • Garage parking

    Overview

    Located in South Lubbock, this multifamily property is positioned near schools, shopping centers, restaurants, and parks. The property encompasses 3,102 square feet and is situated on a 0.22-acre lot. This property is part of a package offering.

    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 $42.8k $13.80
    − Vacancy −$2.8k −$0.90
    EGI $40.0k $12.90
    − OpEx −$12.0k −$3.87
    NOI $28.0k $9.03
    3,102 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $400.3K
    $350.2K – $467.0K (±1% cap)
    NOI $28,018 @ 7.0% cap · market cap 6.67%
    Second Best
    Apartment 5plus
    $359.4K
    $314.5K – $419.3K (±1% cap)
    NOI $25,157 @ 7.0% cap · market cap 5.99%
    Theoretical Best
    Office A
    $782.0K
    $684.3K – $912.4K (±1% cap)
    NOI $54,742 @ 7.0% cap · market cap 13.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.899022
    Latitude
    33.473701

    FAQs

    What type of property is this?
    Duplex - Multifamily property in South Lubbock, near schools, shopping, restaurants, and parks.
    Where is this duplex located?
    The property is located at 3821 133rd Street Lubbock, TX.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Built in 2014 with brick construction; Central heating with natural gas; Central air cooling with electric cooling
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message