Brick Duplex with
1634 133rd St, Lubbock, TX 79423
For Sale
$340,000
Two-unit property in Cooper School District with low-maintenance landscaping and updated interior finishes.
Property Size3,052 SF
Price / SF$111.40
Days on Market93
Property Features for 1634 133rd St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Construction
Tenancy
Listing Agency:
Brick & Loft Realty
Listed By:
Travis Turner · License TX #0660475
(806) 928-6849
Source:
Raftercrossrealty
Added: Aug 10
Changed: Nov 2
Last Checked: Nov 10 at 12:29PM
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 Brick & Loft Realty
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Investment Insights
Based on property information with market context.
Built in 2021, this 3,052-square-foot duplex contains two residences, each offering 3 bedrooms, 2 bathrooms, and a 1-car garage. The all-brick exterior is complemented by xeriscape landscaping in both front and rear areas, while interiors feature vinyl plank flooring, granite countertops, tall ceilings, open-concept layouts, and generous closets.
The property is located at 1634 133rd St in Lubbock, within Cooper School District and on a cul-de-sac with limited through traffic. Its two-unit configuration supports an owner-occupancy arrangement with a separate residence available for rent, subject to the buyer’s plans.
The property is located at 1634 133rd St in Lubbock, within Cooper School District and on a cul-de-sac with limited through traffic. Its two-unit configuration supports an owner-occupancy arrangement with a separate residence available for rent, subject to the buyer’s plans.
Key Highlights
- 3,052‑square‑foot duplex built in 2021
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- All‑brick construction with xeriscape landscaping front and rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,566
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,320
$551.3K
Cap Rate 7%
$393,800
$393.8K
Cap Rate 9%
$306,289
$306.3K
Market Conditions
NOI Build-Up for 3,052 SF
Gross rent
$42.1K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$39.4K $12.90/SF
− OpEx
−$11.8K −$3.87/SF
NOI
$27.6K $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%
$551,320
Cap Rate 7%
$393,800
Cap Rate 9%
$306,289
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.4K
NOI $27,566 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$353.6K
$309.4K – $412.5K
NOI $24,752 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$769.4K
$673.2K – $897.7K
NOI $53,859 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
95
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
$222,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
Properties on Market for Duplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property in Cooper School District with low-maintenance landscaping and updated interior finishes.
Where is this duplex located?
The property is located at 1634 133rd St Lubbock, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 3,052‑square‑foot duplex built in 2021; Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; All‑brick construction with xeriscape landscaping front and rear
