Duplex Residential Income
1908 15th Street Lubbock, TX 79401
New
1908 15th Street, Lubbock, TX, 79401
$349,000
For Sale
$349,000
MULTI_FAMILY - Lubbock, TX
Property Size3,461 SF
Lot Size0.22 Acres
Price / SF$100.84
Days on Market6
Property Features for 1908 15th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Driveway
- Standard status
- Active
- APN
- R27566
- Size
- 3,461 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- Overton Blk 23 L 20 & W/2 Of 21
- Tax Annual Amount
- 5199
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2011
- Roof type
- Composition
Listing agency
The 32:18 Management Group
(806) 319-1021
Listed by
Chris Carter · License #0817825
(806) 500-5599
Added: Jul 16 Updated: Jul 18 at 8:35AM Checked: Jul 21 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This for-sale residential income property is listed as a duplex-style investment, with a total property size of 3,461 square feet on a 0.22-acre lot. It is categorized among duplexes and multifamily properties, making it suited to buyers evaluating residential income opportunities.
The property is located at 1908 15th Street in Lubbock, Texas 79401, within Lubbock County.
Additional interior and unit configuration details are not provided in the available listing information, so interested parties may want to review offering materials for specifics on layout and condition.
The property is located at 1908 15th Street in Lubbock, Texas 79401, within Lubbock County.
Additional interior and unit configuration details are not provided in the available listing information, so interested parties may want to review offering materials for specifics on layout and condition.
Key Highlights
- 2011‑built home with central heating and central air (Central Air).
- 6‑bedroom layout with bedrooms listed as Bedroom 1 through Bedroom 6.
- 6‑bathroom layout with bathrooms listed as Bathroom 1 through Bathroom 6.
Local 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 | $47.8k | $13.80 |
| − Vacancy | −$3.1k | −$0.90 |
| EGI | $44.7k | $12.90 |
| − OpEx | −$13.4k | −$3.87 |
| NOI | $31.3k | $9.03 |
3,461 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale duplex-style residential income property on a 0.22-acre lot in Lubbock, Texas.
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: 2011‑built home with central heating and central air (Central Air).; 6‑bedroom layout with bedrooms listed as Bedroom 1 through Bedroom 6.; 6‑bathroom layout with bathrooms listed as Bathroom 1 through Bathroom 6.
