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Two-Unit Duplex
New
For Sale
$105,000

1516 27th St, Lubbock, TX 79411

One residence is occupied, while the second is vacant and available for an owner-occupant or tenant.

Property Size1,300 SF
Price / SF$80.77
Days on Market2

Property Features for 1516 27th St

General Information

Standard status Active
Size 1,300 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1943
Listing Agency: Sutherland, REALTORS
Listed By: Madison Sutherland, Jordan Sutherland
Source: Raftercrossrealty
Added: Sep 24 Last Checked: Sep 24 at 9:28AM

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 Sutherland, REALTORS

Investment Insights

Based on property information with market context.

Built in 1943, this 1,300-square-foot duplex contains two separate residences. The front unit is occupied by a tenant, and the rear unit is vacant. The vacant space can accommodate an owner-occupant or be leased, while the existing tenancy provides current rental income.

Key Highlights

  • Two separate residential units
  • 1,300 square feet
  • Built in 1943

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Grocery & Convenience Store Law Firm Auto Parts Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

126
Businesses Nearby

Demographics for 79411, TX

7,297
Population
3,474
Households
2.1
Avg Household Size
31
Median Age
22%
College-Educated
72%
High-School Grad
1.5 sq mi
ZIP Area
4,865
Density / Sq Mi
$44,866
Median Household Income
$24,493
Median Earnings
$942
Median Rent
$85,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - One residence is occupied, while the second is vacant and available for an owner-occupant or tenant.
Where is this duplex located?
The property is located at 1516 27th St Lubbock, TX.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Two separate residential units; 1,300 square feet; Built in 1943
More about this property
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