Turnkey Lubbock Duplex Investment
For Sale
$349,900
1621 133rd Street, Lubbock, TX 79423
MULTI_FAMILY - Other - Lubbock, TX
Property Size3,052 SF
Lot Size0.17 Acres
Price / SF$114.65
Days on Market176
Property Features for 1621 133rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
Parking features
Garage
Window features
Double Pane Windows
Interior features
Ceiling Fan(s), Granite Counters, High Ceilings, High Speed Internet, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s)
Exterior features
Private Entrance, Private Yard
Fencing
Fenced
Appliances
Dishwasher, Disposal, Electric Range, Exhaust Fan, Microwave
Lot features
Landscaped
Elementary school
Lubbock-Cooper Central
Middle school
Lubbock-Cooper
High school
Cooper
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
11
Standard status
Active
APN
R337733
Size
3,052 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Bell Farms L 1126
Tax Annual Amount
7768
Legal Description
Bell Farms L 1126
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Attic Fan, Electric
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick, Stone Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Kristi Sherrard · License #0746574
(806) 441-3613
Added: Feb 6
Changed: Jul 28
Last Checked: Aug 1 at 7:06PM
MLS# 202601655
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property in Lubbock, Texas, presents a wonderful opportunity for investors seeking a turnkey property in the Lubbock-Cooper Independent School District. The duplex features a modern design, with each side offering three bedrooms, two bathrooms, and a one-car garage. Interior finishes include granite countertops, fresh neutral paint colors, and luxury vinyl plank flooring. The property includes turf in both the front and back yards. The property size is 3052 square feet and the lot size is 0.17 acres. Both sides of the duplex are currently tenanted.
Key Highlights
- 2021‑built modern duplex in Lubbock‑Cooper with two sides, each with 3 bedrooms and 2 bathrooms
- Each side includes a one‑car garage and private entrance
- Interior features include granite counters, high ceilings, recessed lighting, and walk‑in closets
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Modern duplex in Lubbock-Cooper ISD, fully tenanted, great investment.
Where is this duplex located?
The property is located at 1621 133rd Street 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 sides, each with 3 bedrooms and 2 bathrooms; Each side includes a one‑car garage and private entrance; Interior features include granite counters, high ceilings, recessed lighting, and walk‑in closets
