2-Unit Duplex with Open
New
For Sale
$160,000
119 36th Street, Lubbock, TX 79404
Residential Income, Lubbock, TX
Property Size1,500 SF
Lot Size0.13 Acres
Price / SF$106.67
Days on Market2
Property Features for 119 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Off Street
Interior features
Ceiling Fan(s), Open Floorplan
Lot features
City Lot, Interior Lot, Landscaped, Level
Elementary school
Harwell
Middle school
Dunbar College Preparatory Academy
High school
Estacado
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Active
APN
R332825
Size
1,500 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
Putty Ross Blk 1 L 1G
Tax Annual Amount
3139
Legal Description
Putty Ross Blk 1 L 1G
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2018
Number of units
2
Building materials
Masonite
Roof type
Composition
Architectural style
Other
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Denise Stout · License #0450642
(806) 781-0097
Added: Oct 20
Last Checked: Oct 21 at 4:06PM
MLS# 202614337
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.
Built in 2018, this 1,500-square-foot duplex contains two occupied residences, each with three bedrooms, one bathroom, and an open kitchen and living area. The property sits on a 0.13-acre lot and includes off-street parking, central heating, and central air conditioning. Each unit is separately metered, allowing residents to pay their own utility costs.
Key Highlights
- Two occupied residences, each with three bedrooms and one bathroom
- 1,500 square feet on a 0.13‑acre lot
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,548
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,960
$271.0K
Cap Rate 7%
$193,543
$193.5K
Cap Rate 9%
$150,533
$150.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.4K $12.90/SF
− OpEx
−$5.8K −$3.87/SF
NOI
$13.5K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,960
Cap Rate 7%
$193,543
Cap Rate 9%
$150,533
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one bathroom, and separate utility meters.
Where is this duplex located?
The property is located at 119 36th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two occupied residences, each with three bedrooms and one bathroom; 1,500 square feet on a 0.13‑acre lot; Built in 2018
