Duplex with Full-Size
For Sale
$365,000
1602 102nd St, Lubbock, TX 79423
Two three-bedroom units feature contemporary layouts and full-size garages within Cooper School District.
Property Size3,046 SF
Price / SF$119.83
Days on Market77
Property Features for 1602 102nd St
General Information
Standard status
Active
Size
3,046 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2019
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Aug 19
Changed: Nov 1
Last Checked: Nov 1 at 4:56AM
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
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Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains 3,046 square feet and is configured as two three-bedroom, two-bathroom residences. Each unit includes a contemporary layout and two full-size garages, providing substantial space for occupants and vehicles.
One residence is currently leased, while the second is available for a new lease or owner occupancy. The property is located in Cooper School District at 1602 102nd St in Lubbock, Texas.
One residence is currently leased, while the second is available for a new lease or owner occupancy. The property is located in Cooper School District at 1602 102nd St in Lubbock, Texas.
Key Highlights
- 2019‑built duplex with 3,046 square feet
- Two residences, each with 3 bedrooms and 2 bathrooms
- Two full‑size garages per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,512
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,240
$550.2K
Cap Rate 7%
$393,029
$393.0K
Cap Rate 9%
$305,689
$305.7K
Market Conditions
NOI Build-Up for 3,046 SF
Gross rent
$42.0K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$39.3K $12.90/SF
− OpEx
−$11.8K −$3.87/SF
NOI
$27.5K $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%
$550,240
Cap Rate 7%
$393,029
Cap Rate 9%
$305,689
Alternative Uses
Best Use
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,512 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$352.9K
$308.8K – $411.7K
NOI $24,703 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$767.9K
$671.9K – $895.9K
NOI $53,753 @ 7.0% cap · market cap 14.73%
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
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Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
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 - Two three-bedroom units feature contemporary layouts and full-size garages within Cooper School District.
Where is this duplex located?
The property is located at 1602 102nd St Lubbock, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2019‑built duplex with 3,046 square feet; Two residences, each with 3 bedrooms and 2 bathrooms; Two full‑size garages per unit
