Tenant-Occupied
1711 66th St #A, Lubbock, TX 79412
For Sale
New
$154,900
Two leased residences provide current occupancy, with agreements extending through 2027.
Property Size1,672 SF
Price / SF$92.64
Days on Market3
Property Features for 1711 66th St #A
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Public Transit
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Exit Realty Of Lubbock
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 7:38AM
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 Exit Realty Of Lubbock
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Investment Insights
Based on property information with market context.
This 1,672-square-foot duplex, built in 1968, contains two residences with matching layouts of two bedrooms and one bathroom each. Tile flooring and walk-in closets are provided in both units; Unit A also has a fenced yard. The property is occupied, with leases in place through 2027.
At 1711 66th St in Lubbock’s Bayless Atkins neighborhood, the duplex is approximately 10 minutes from Texas Tech University. A bus route passes by, and shopping, dining, grocery stores, and other daily services are nearby. Two paved spaces sit in front of the building, with additional off-street parking available.
At 1711 66th St in Lubbock’s Bayless Atkins neighborhood, the duplex is approximately 10 minutes from Texas Tech University. A bus route passes by, and shopping, dining, grocery stores, and other daily services are nearby. Two paved spaces sit in front of the building, with additional off-street parking available.
Key Highlights
- Two‑unit duplex with both residences occupied under leases through 2027
- Each residence has 2 bedrooms and 1 bathroom
- 1,672 square feet; built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,560
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,200
$271.2K
Cap Rate 7%
$193,714
$193.7K
Cap Rate 9%
$150,667
$150.7K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$26.3K $15.72/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$24.7K $14.75/SF
− OpEx
−$11.1K −$6.64/SF
NOI
$13.6K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,200
Cap Rate 7%
$193,714
Cap Rate 9%
$150,667
Alternative Uses
Best Use
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,102 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$193.7K
$169.5K – $226.0K
NOI $13,560 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$421.5K
$368.8K – $491.8K
NOI $29,506 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 79412, TX
14,834
Population
6,480
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
4,636
Density / Sq Mi
$47,306
Median Household Income
$29,233
Median Earnings
$964
Median Rent
$117,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 leased residences provide current occupancy, with agreements extending through 2027.
Where is this duplex located?
The property is located at 1711 66th St #A Lubbock, TX.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two‑unit duplex with both residences occupied under leases through 2027; Each residence has 2 bedrooms and 1 bathroom; 1,672 square feet; built in 1968
