Brick Duplex with
For Sale
$340,000
1634 133rd Street, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
Property Size3,052 SF
Lot Size0.18 Acres
Price / SF$111.40
Days on Market9
Property Features for 1634 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 1, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 4
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Double Vanity, Granite Counters, High Ceilings, Kitchen Island, Pantry, Storage, Walk-In Closet(s)
Exterior features
Private Yard
Appliances
Dishwasher, Electric Range, Microwave
Lot features
Back Yard, City Lot, Cul-De-Sac
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
11
Standard status
Active
APN
R337746
Size
3,052 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Bell Farms L 1139
Tax Annual Amount
8597
Legal Description
Bell Farms L 1139
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2021
Number of units
2
Flooring type
Vinyl, Plank
Building materials
Brick, Stone
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Brick & Loft Realty
(806) 999-0722
Listed By:
Travis Turner · License #0660475
(806) 577-2508
Added: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# 202610782
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.
Built in 2021, this 3,052-square-foot duplex contains two residences, each offering three bedrooms, two bathrooms, and a one-car garage. The brick-and-stone exterior is complemented by xeriscape landscaping in the front and rear, while each interior includes vinyl plank flooring, granite countertops, high ceilings, an open-concept arrangement, generous closets, and practical storage. Kitchens are equipped with a dishwasher, electric range, microwave, pantry, and island. Central electric heating and central air conditioning serve the property.
The 0.18-acre property is positioned on a cul-de-sac in Lubbock’s Cooper School District, providing a setting with limited through traffic. Patios, private yard areas, composition roofing, and individual garage parking add functional value for occupants. The two-unit configuration also supports the owner-occupant arrangement described for the property, with one residence available for occupancy while the other is leased.
The 0.18-acre property is positioned on a cul-de-sac in Lubbock’s Cooper School District, providing a setting with limited through traffic. Patios, private yard areas, composition roofing, and individual garage parking add functional value for occupants. The two-unit configuration also supports the owner-occupant arrangement described for the property, with one residence available for occupancy while the other is leased.
Key Highlights
- 3,052‑square‑foot duplex completed in 2021
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Brick and stone construction with composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,566
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence features three bedrooms, two bathrooms, and xeriscaped outdoor areas within the Cooper School District.
Where is this duplex located?
The property is located at 1634 133rd Street 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 completed in 2021; Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; Brick and stone construction with composition roof
