Well-Maintained Duplex in Kelsey
3824 133rd Street Lubbock, TX 79423
For Sale
$399,000
MULTI_FAMILY - Lubbock, TX
Property Size3,102 SF
Lot Size0.23 Acres
Price / SF$128.63
Days on Market445
Property Features for 3824 133rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
Parking features
Open, Garage
Patio and Porch features
Patio
Interior features
Breakfast Bar, Ceiling Fan(s), Granite Counters, Kitchen Island, Pantry, Storage, Walk-In Closet(s)
Exterior features
Private Yard
Fencing
Fenced
Appliances
Dishwasher, Disposal, Electric Oven, Microwave, Stainless Steel Appliance(s)
Standard status
Active
APN
R324838
Size
3,102 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Kelsey Park
Tax Annual Amount
7342
Utilities
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
2015
Number of units
2
Flooring type
Carpet, Plank, Vinyl
Building materials
Blown-In Insulation, Brick, Masonite, Wood Siding
Roof type
Composition
Additional Structures
Storage
Listing Agency:
AMRR Realty
(806) 642-6488
Listed By:
Jennifer Busbea · License #0614398
(806) 577-7228
Added: May 9, 2025
Changed: Jul 18
Last Checked: Jul 27 at 10:06AM
MLS# 202554385
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.
Located at 3824 133rd Street in Lubbock, TX, this well-maintained duplex is situated in Kelsey Park. Each side of the property includes 3 bedrooms, 2 full bathrooms, a 2-car garage, and a private fenced backyard. The units feature modern finishes, open-concept layouts, and isolated primary suites, offering comfortable, low-maintenance living. The property is suitable for owner-occupants, investors, or short-term rental opportunities. Situated in the Lubbock-Cooper Independent School District, the duplex is also located minutes from shopping and dining, with easy access to the Loop and Highway 87. The property, with a lot size of 0.23 acres and a property size of 3102 square feet, presents strong rental potential and lasting value. It is also suitable for owner occupancy.
Key Highlights
- 2015‑built duplex with 3 bedrooms and 2 full bathrooms on each side
- Each unit includes a 2‑car garage and a private fenced backyard
- Open‑concept interiors with granite counters, kitchen island, pantry, and walk‑in closets
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 7.02%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex in a sought-after Lubbock area.
Where is this duplex located?
The property is located at 3824 133rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2015‑built duplex with 3 bedrooms and 2 full bathrooms on each side; Each unit includes a 2‑car garage and a private fenced backyard; Open‑concept interiors with granite counters, kitchen island, pantry, and walk‑in closets
