Modern Duplex
1621 133rd St Lubbock, TX 79423
New
1621 133rd St, Lubbock, TX, 79423
$349,900
For Sale
$349,900
Turnkey duplex features two three-bedroom, two-bath units, each with a one-car garage, with tenants in place.
Property Size3,052 SF
Price / SF$114.65
Days on Market4
Property Features for 1621 133rd St
General Information
- Standard status
- Active
- Size
- 3,052 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2021
Listing agency
WestMark Companies
(806) 441-3613
Listed by
Kristi Sherrard · License #0746574
Source
Raftercrossrealty
Added: Jul 20 Updated: Jul 21 at 9:16PM Checked: Jul 22 at 4:50AM
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 WestMark Companies
Investment Insights
Based on property information with market context.
This turnkey duplex offers two modern sides, each laid out with three bedrooms and two bathrooms, plus a one-car garage. Interior finishes include granite countertops, fresh neutral paint, and luxury vinyl plank flooring. Exterior amenities include turf in both the front and backyard areas.
Both sides are currently occupied by tenants, supporting an investor-friendly setup for buyers seeking a leased property. The duplex is located in Lubbock-Cooper.
Overall, the property provides a duplex configuration with consistent unit layouts and in-place tenancy, along with exterior turf intended to reduce maintenance needs.
Both sides are currently occupied by tenants, supporting an investor-friendly setup for buyers seeking a leased property. The duplex is located in Lubbock-Cooper.
Overall, the property provides a duplex configuration with consistent unit layouts and in-place tenancy, along with exterior turf intended to reduce maintenance needs.
Key Highlights
- 2021‑built modern duplex in Lubbock‑Cooper with two 3‑bedroom, 2‑bath units
- Each side includes a one‑car garage
- Both units are currently tenant‑occupied
Local 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 | $42.1k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $39.4k | $12.90 |
| − OpEx | −$11.8k | −$3.87 |
| NOI | $27.6k | $9.03 |
3,052 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.4K
NOI $27,566 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$353.6K
$309.4K – $412.5K
NOI $24,752 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$769.4K
$673.2K – $897.7K
NOI $53,859 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey duplex features two three-bedroom, two-bath units, each with a one-car garage, with tenants in place.
Where is this duplex located?
The property is located at 1621 133rd St Lubbock, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2021‑built modern duplex in Lubbock‑Cooper with two 3‑bedroom, 2‑bath units; Each side includes a one‑car garage; Both units are currently tenant‑occupied
