Brick
For Sale
$420,000
3821 133rd Street, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
Property Size3,102 SF
Lot Size0.22 Acres
Price / SF$135.40
Days on Market190
Property Features for 3821 133rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
Garage
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Electric Oven, Electric Range, Microwave
Elementary school
Lubbock-Cooper Central
Middle school
Lubbock-Cooper Bush
High school
Cooper
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
11
Standard status
Active
APN
R324836
Size
3,102 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
KELSEY PARK L 75
Legal Description
KELSEY PARK L 75
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
2014
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Coldwell Banker Trusted Adviso · Coldwell Banker Real Estate
(806) 793-0677
Listed By:
Dennis Carrizales · License #0738689
(806) 543-3939
Added: Jan 26
Changed: Aug 2
Last Checked: Aug 4 at 11:06PM
MLS# 202601179
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 brick duplex at 3821 133rd Street was built in 2014 and totals 3,102 square feet on a 0.22-acre lot. The interior includes ceiling fans, and the home is equipped with electric cooking appliances including a dishwasher, electric oven, electric range, and microwave. Heating is provided by central natural gas, with central air and electric cooling. The roof is composition, and parking is available in a garage.
The property is located in South Lubbock near schools, shopping, restaurants, and parks. It is also noted as part of a package, though it may be sold by itself. The package listing references additional properties at 2123 143rd, 319 79th, 3817 133rd, 3819 133rd, 5504 110th, 5724 96th, and 7513 103rd.
Additional rooms include multiple bedrooms and bathrooms to support flexible occupancy and tenant layout.
The property is located in South Lubbock near schools, shopping, restaurants, and parks. It is also noted as part of a package, though it may be sold by itself. The package listing references additional properties at 2123 143rd, 319 79th, 3817 133rd, 3819 133rd, 5504 110th, 5724 96th, and 7513 103rd.
Additional rooms include multiple bedrooms and bathrooms to support flexible occupancy and tenant layout.
Key Highlights
- Built in 2014 brick duplex totaling 3,102 SF on 0.22 acres
- Central natural gas heating with central air and electric cooling
- Composition roof and garage parking
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
NOI $28,018 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
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 - Brick duplex built in 2014 with central heating and central air plus garage parking.
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 brick duplex totaling 3,102 SF on 0.22 acres; Central natural gas heating with central air and electric cooling; Composition roof and garage parking
