Three-Bedroom Duplex with
For Sale
$349,000
1908 15th Street, Lubbock, TX 79401
Residential Income, Lubbock, TX
Property Size3,461 SF
Lot Size0.22 Acres
Price / SF$100.84
Days on Market110
Property Features for 1908 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 6, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Driveway
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
1
Standard status
Active
APN
R27566
Size
3,461 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Overton Blk 23 L 20 & W/2 Of 21
Tax Annual Amount
5199
Legal Description
Overton Blk 23 L 20 & W/2 Of 21
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2011
Roof type
Composition
Buildings
1
Listing Agency:
The 32:18 Management Group
(806) 319-1021
Listed By:
Chris Carter · License #0817825
(806) 500-5599
Added: Jul 16
Changed: Oct 31
Last Checked: Nov 2 at 5:06PM
MLS# 202609798
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.
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Investment Insights
Based on property information with market context.
Built in 2011, this duplex contains 3,461 square feet on a 0.22-acre lot. Each side includes three bedrooms, three bathrooms, and a two-car garage, creating substantial residential layouts within a two-unit configuration. Central heating and central air serve the property, while a composition roof and driveway parking complete the physical improvements.
The property is located at 1908 15th Street in Lubbock, TX 79401. Its six-bedroom, six-bathroom total configuration offers the scale and separation associated with a duplex, with each residence designed around its own garage and interior living space.
The property is located at 1908 15th Street in Lubbock, TX 79401. Its six-bedroom, six-bathroom total configuration offers the scale and separation associated with a duplex, with each residence designed around its own garage and interior living space.
Key Highlights
- Two‑unit duplex configuration with 3,461 square feet
- Each side includes 3 bedrooms and 3 bathrooms
- Two‑car garage provided on each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,260
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,200
$625.2K
Cap Rate 7%
$446,571
$446.6K
Cap Rate 9%
$347,333
$347.3K
Market Conditions
NOI Build-Up for 3,461 SF
Gross rent
$47.8K $13.80/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$44.7K $12.90/SF
− OpEx
−$13.4K −$3.87/SF
NOI
$31.3K $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%
$625,200
Cap Rate 7%
$446,571
Cap Rate 9%
$347,333
Alternative Uses
Best Use
Multifamily LT 5
$446.6K
$390.8K – $521.0K
NOI $31,260 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$401.0K
$350.9K – $467.8K
NOI $28,069 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$872.5K
$763.5K – $1.02M
NOI $61,077 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,438
Businesses Nearby
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Business Placement
Demographics for 79401, TX
8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide spacious layouts with central heating, central air, and attached garages.
Where is this duplex located?
The property is located at 1908 15th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex configuration with 3,461 square feet; Each side includes 3 bedrooms and 3 bathrooms; Two‑car garage provided on each side
