Newly Renovated Duplex with
302 N Clinton Avenue Lubbock, TX 79416
For Sale
$270,000
Pending
Newly renovated two-unit duplex with 3 bed, 3 bath units and 2-car garages; both currently leased.
Property Size2,706 SF
Days on Market497
Property Features for 302 N Clinton Avenue
General Information
- Standard status
- Pending
- Size
- 2,706 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2003
Listing Agency:
Williams & Company Real Estate
(806) 893-0619
Listed By:
Josh Lashaway · License #0765660
(806) 893-0619
Source:
Exitrealty
Added: Mar 15, 2025
Changed: Jul 23
Last Checked: Jul 24 at 7:51AM
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 Williams & Company Real Estate
Investment Insights
Based on property information with market context.
This newly renovated duplex offers a turn-key layout designed for residential income. The property consists of two separate units, and each unit features 3 bedrooms and 3 bathrooms, along with a 2-car garage.
The duplex is positioned at the end of a cul-de-sac. Both units are currently leased for $1,100 per month.
Offered for sale at $270,000, this duplex provides a straightforward two-unit configuration for an owner seeking a property with established occupancy.
The duplex is positioned at the end of a cul-de-sac. Both units are currently leased for $1,100 per month.
Offered for sale at $270,000, this duplex provides a straightforward two-unit configuration for an owner seeking a property with established occupancy.
Key Highlights
- Year built 2003 newly renovated 2‑unit duplex
- Each unit offers 3 bedrooms and 3 bathrooms
- Both units include a 2‑car garage
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 | $37.3k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $34.9k | $12.90 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.4k | $9.03 |
2,706 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.2K
$305.5K – $407.4K
NOI $24,441 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$313.5K
$274.3K – $365.8K
NOI $21,946 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$682.2K
$596.9K – $795.9K
NOI $47,753 @ 7.0% cap · market cap 17.69%
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 - Newly renovated two-unit duplex with 3 bed, 3 bath units and 2-car garages; both currently leased.
Where is this duplex located?
The property is located at 302 N Clinton Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Year built 2003 newly renovated 2‑unit duplex; Each unit offers 3 bedrooms and 3 bathrooms; Both units include a 2‑car garage
