2018-Built Duplex With Separately Metered
113 36th Street Lubbock, TX 79404
113 36th Street, Lubbock, TX, 79404
$135,000
For Sale
$135,000
MULTI_FAMILY - Lubbock, TX
Property Size1,500 SF
Lot Size0.13 Acres
Price / SF$90
Days on Market18
Property Features for 113 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- R332822
- Size
- 1,500 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- Putty Ross Blk 1 L 1D
- Tax Annual Amount
- 3139
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
Building Details
- Year built
- 2018
- Building materials
- Batts Insulation, Blown-In Insulation, Concrete, Ducts Professionally Air-Sealed, Wood Siding
- Roof type
- Composition
Listing Agency
Williams & Company Real Estate
(806) 860-6945
918 Ave J, Lubbock, TX
Listed by
Josh Lashaway · License #0765660
(806) 893-0619
Added: Jul 1 Checked: Jul 18 at 9:06 am
MLS# 202609192
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.
Built in 2018, this duplex at 113 36th Street in East Lubbock offers two mirrored residential units. Each side is configured as a 3-bedroom, 1-bath layout, with a total building size of approximately 1,500 square feet. The property is described as in great condition and ready for immediate occupancy, supported by separately metered utilities for each unit.
The duplex sits on an approximately 0.13-acre lot. With separate metering, residents can cover their own utilities while the property maintains a clean, organized setup for day-to-day operations. The investment-focused positioning is reinforced by the property’s newer construction and turnkey presentation.
For tenants, the practical benefit is a well-defined, self-contained unit arrangement with individual utility responsibility. For owners, this configuration can simplify management by limiting utility coverage to each side independently while providing a straightforward two-unit structure. It also serves as an add-on opportunity for investors looking for a newer-built duplex that is ready to be put to work without extended downtime.
The duplex sits on an approximately 0.13-acre lot. With separate metering, residents can cover their own utilities while the property maintains a clean, organized setup for day-to-day operations. The investment-focused positioning is reinforced by the property’s newer construction and turnkey presentation.
For tenants, the practical benefit is a well-defined, self-contained unit arrangement with individual utility responsibility. For owners, this configuration can simplify management by limiting utility coverage to each side independently while providing a straightforward two-unit structure. It also serves as an add-on opportunity for investors looking for a newer-built duplex that is ready to be put to work without extended downtime.
Key Highlights
- 2018‑built duplex with 2 mirror 3‑bed/1‑bath units totaling 1,500 sq ft
- Each side is separately metered, with tenants covering their own utilities
- Central heating with natural gas; cooling includes central air plus electric and ceiling fan(s)
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 | $23.6k | $15.72 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $22.1k | $14.75 |
| − OpEx | −$10.0k | −$6.64 |
| NOI | $12.2k | $8.11 |
1,500 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 19.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey 2018 duplex with two 3-bedroom, 1-bath units; each unit has separate utilities via individual metering.
Where is this duplex located?
The property is located at 113 36th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 2018‑built duplex with 2 mirror 3‑bed/1‑bath units totaling 1,500 sq ft; Each side is separately metered, with tenants covering their own utilities; Central heating with natural gas; cooling includes central air plus electric and ceiling fan(s)
