Two-Unit
For Sale
$135,000
Pending
113 36th Street, Lubbock, TX 79404
Residential Income, Lubbock, TX
Property Size1,500 SF
Lot Size0.13 Acres
Days on Market44
Property Features for 113 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 4
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Pending
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
Legal Description
Putty Ross Blk 1 L 1D
Utilities
Heating system
Natural Gas, Central
Cooling system
Ceiling Fan(s), Central Air, Electric
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
Listed By:
Josh Lashaway · License #0765660
(806) 893-0619
Added: Sep 8
Changed: Oct 7
Last Checked: Oct 21 at 4:06PM
MLS# 202612419
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.
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Investment Insights
Based on property information with market context.
This 2018-built duplex contains two mirror-image units, each with three bedrooms and one bathroom. The property totals 1,500 square feet on a 0.13-acre lot, with wood siding, concrete construction, composition roofing, and professionally air-sealed ducts. Each unit is separately metered for utilities.
Building systems include central natural-gas heating and central electric air conditioning, supplemented by ceiling fans. The property is located in Lubbock, Texas, within ZIP Code 79404, and includes six bedrooms and two bathrooms across the two-unit configuration.
Building systems include central natural-gas heating and central electric air conditioning, supplemented by ceiling fans. The property is located in Lubbock, Texas, within ZIP Code 79404, and includes six bedrooms and two bathrooms across the two-unit configuration.
Key Highlights
- Two mirror 3‑bed/1‑bath units
- 1,500 square feet across two units
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,165
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,300
$243.3K
Cap Rate 7%
$173,786
$173.8K
Cap Rate 9%
$135,167
$135.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$23.6K $15.72/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$22.1K $14.75/SF
− OpEx
−$10.0K −$6.64/SF
NOI
$12.2K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,300
Cap Rate 7%
$173,786
Cap Rate 9%
$135,167
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
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Business Placement
Demographics for 79404, TX
9,956
Population
4,289
Households
2.3
Avg Household Size
38
Median Age
13%
College-Educated
73%
High-School Grad
28.5 sq mi
ZIP Area
349
Density / Sq Mi
$48,642
Median Household Income
$30,654
Median Earnings
$958
Median Rent
$86,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - 2018 construction with separately metered units and central heating and cooling.
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: Two mirror 3‑bed/1‑bath units; 1,500 square feet across two units; Built in 2018
