Updated Duplex with Private
3013 39th Street Lubbock, TX 79413
For Sale
$155,000
Pending
Updated duplex with new electrical, roof, plumbing, and separate heating and cooling on each side.
Property Size1,472 SF
Days on Market594
Property Features for 3013 39th Street
General Information
- Standard status
- Pending
- Size
- 1,472 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing Agency:
Keller Williams Realty
(806) 438-7987
Listed By:
Cole Whisenhunt · License #0641534
(806) 438-7987
Source:
Exitrealty
Added: Dec 7, 2024
Changed: Jul 23
Last Checked: Jul 24 at 7:57AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This updated duplex offers multiple recent improvements, including new electrical wiring, a new roof, new plumbing underneath the units, a new driveway, updated flooring and fixtures, and fresh paint throughout. Each side is heated and cooled, supporting independent day-to-day comfort.
The property includes a spacious backyard with room to add fencing, build a garage, or construct another rental unit, providing flexibility for future expansion.
Located at 3013 39th Street in Lubbock, Texas, the duplex is being offered for sale as a residential income investment.
The property includes a spacious backyard with room to add fencing, build a garage, or construct another rental unit, providing flexibility for future expansion.
Located at 3013 39th Street in Lubbock, Texas, the duplex is being offered for sale as a residential income investment.
Key Highlights
- Updated duplex, year built 1950
- New electrical wiring throughout
- New roof and new plumbing underneath the units
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 | $20.3k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.0k | $12.90 |
| − OpEx | −$5.7k | −$3.87 |
| NOI | $13.3k | $9.03 |
1,472 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.2K – $221.6K
NOI $13,295 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$170.5K
$149.2K – $199.0K
NOI $11,938 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 16.76%
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 - Updated duplex with new electrical, roof, plumbing, and separate heating and cooling on each side.
Where is this duplex located?
The property is located at 3013 39th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Updated duplex, year built 1950; New electrical wiring throughout; New roof and new plumbing underneath the units
