Leased Duplex Investment
906 N Bangor Avenue Lubbock, TX 79416
906 N Bangor Avenue, Lubbock, TX, 79416
$259,000
For Sale
$259,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,732 SF
Lot Size0.19 Acres
Price / SF$94.80
Days on Market87
Property Features for 906 N Bangor Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 6
- Parking features
- Garage
- Interior features
- Ceiling Fan(s), Laminate Counters, Pantry
- Fencing
- Fenced
- Appliances
- Dishwasher, Electric Cooktop, Refrigerator
- Standard status
- Active
- APN
- R303564
- Size
- 2,732 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Lynnwood L 68
- Tax Annual Amount
- 4453
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s), Electric, Central Air
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Cole Whisenhunt · License #0641534
(806) 438-7987
Added: Apr 22 Checked: Jul 17 at 7:06 am
MLS# 202605358
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 duplex features two side-by-side units, each offering three bedrooms and three bathrooms. The property includes washer/dryer hook-ups for convenience, along with a small fenced backyard for each side. Off-street parking is provided in a shared driveway, and the recent new roof supports ongoing maintenance needs.
The property is located in north Lubbock with convenience to the Loop, Texas Tech, and the hospitals. Both units are currently leased.
With each bedroom having its own full bathroom, the layout is well-suited for residents who want added privacy within a multi-bedroom floor plan.
The property is located in north Lubbock with convenience to the Loop, Texas Tech, and the hospitals. Both units are currently leased.
With each bedroom having its own full bathroom, the layout is well-suited for residents who want added privacy within a multi-bedroom floor plan.
Key Highlights
- Duplex built in 2004 with brick construction and a composition roof
- 3 bedrooms and 3 full bathrooms on each side, with each bedroom having its own bathroom
- Both units are currently leased
Local Financial Insights For Apartment 5plus
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 | $42.9k | $15.72 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $40.3k | $14.75 |
| − OpEx | −$18.1k | −$6.64 |
| NOI | $22.2k | $8.11 |
2,732 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$316.5K
$277.0K – $369.3K
NOI $22,156 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$688.7K
$602.7K – $803.5K
NOI $48,212 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom, 3-bath units, each with washer/dryer hookups and a small fenced yard.
Where is this duplex located?
The property is located at 906 N Bangor Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex built in 2004 with brick construction and a composition roof; 3 bedrooms and 3 full bathrooms on each side, with each bedroom having its own bathroom; Both units are currently leased
