One-Story Duplex Income
1107 N Englewood Ave Lubbock, TX 79416
New
For Sale
$369,900
Clean one-story duplex with two roomy 3-bedroom units, one leased month-to-month and one vacant.
Property Size2,890 SF
Price / SF$127.99
Days on Market4
Property Features for 1107 N Englewood Ave
General Information
- Standard status
- Active
- Size
- 2,890 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2021
Listing Agency:
Coldwell Banker Trusted Adviso
(806) 470-2499
Listed By:
Linda Day · License #0331596
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Trusted Adviso
Investment Insights
Based on property information with market context.
One-story duplex offering two spacious sides, each laid out as a 3/2/2. The property is described as nice and clean, “feels like new,” with each unit designed to function independently.
The duplex is conveniently located to shopping, the medical district, and Texas Tech University.
Side B is leased on a month-to-month basis, and Side A is vacant as of October 11, 2024.
The duplex is conveniently located to shopping, the medical district, and Texas Tech University.
Side B is leased on a month-to-month basis, and Side A is vacant as of October 11, 2024.
Key Highlights
- One‑story duplex built in 2021
- Two roomy 3‑bedroom units with a 3/2/2 layout on each side
- Side B is leased on a month‑to‑month basis
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 | $39.9k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $37.3k | $12.90 |
| − OpEx | −$11.2k | −$3.87 |
| NOI | $26.1k | $9.03 |
2,890 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.9K
$326.3K – $435.1K
NOI $26,103 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$334.8K
$293.0K – $390.6K
NOI $23,438 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$728.6K
$637.5K – $850.0K
NOI $51,000 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Clean one-story duplex with two roomy 3-bedroom units, one leased month-to-month and one vacant.
Where is this duplex located?
The property is located at 1107 N Englewood Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: One‑story duplex built in 2021; Two roomy 3‑bedroom units with a 3/2/2 layout on each side; Side B is leased on a month‑to‑month basis
