Brick
New
For Sale
$165,000
1911 22nd Street, Lubbock, TX 79411
Residential Income, Lubbock, TX
Property Size1,575 SF
Lot Size0.22 Acres
Price / SF$104.76
Days on Market1
Property Features for 1911 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Interior features
Ceiling Fan(s)
Fireplace
1
Elementary school
Bean
Middle school
Slaton
High school
Lubbock
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Active
APN
R109766
Size
1,575 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
McCrummen 2nd Blk13 W43 11/13' Of L 6 & E/2 Of 7
Tax Annual Amount
2488
Legal Description
McCrummen 2nd Blk13 W43 11/13' Of L 6 & E/2 Of 7
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Building Details
Year built
1937
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Mark Murray · License #0590317
(806) 831-8436
Added: Oct 21
Last Checked: Oct 21 at 5:06PM
MLS# 202614389
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.
The duplex is a 1,575-square-foot brick residence built in 1937 on a 0.22-acre lot. It has ductless heating and cooling, ceiling fans, a fireplace, and a composition roof. The listed rooms include three bedrooms and two bathrooms.
The offering covers a Lubbock portfolio of 25 properties with 35 rentable doors in total. All units are currently rented, and the properties are professionally managed.
The offering covers a Lubbock portfolio of 25 properties with 35 rentable doors in total. All units are currently rented, and the properties are professionally managed.
Key Highlights
- Portfolio spans 25 properties and includes 35 rentable doors across Lubbock
- All units are currently rented
- 1,575‑square‑foot brick duplex built in 1937
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,226
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,520
$284.5K
Cap Rate 7%
$203,229
$203.2K
Cap Rate 9%
$158,067
$158.1K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$21.7K $13.80/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$20.3K $12.90/SF
− OpEx
−$6.1K −$3.87/SF
NOI
$14.2K $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%
$284,520
Cap Rate 7%
$203,229
Cap Rate 9%
$158,067
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$182.5K
$159.7K – $212.9K
NOI $12,773 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$397.1K
$347.4K – $463.2K
NOI $27,794 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
35
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 79411, TX
7,297
Population
3,474
Households
2.1
Avg Household Size
31
Median Age
22%
College-Educated
72%
High-School Grad
1.5 sq mi
ZIP Area
4,865
Density / Sq Mi
$44,866
Median Household Income
$24,493
Median Earnings
$942
Median Rent
$85,000
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 - The offering includes a rented portfolio and a brick residence with ductless heating and cooling.
Where is this duplex located?
The property is located at 1911 22nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Portfolio spans 25 properties and includes 35 rentable doors across Lubbock; All units are currently rented; 1,575‑square‑foot brick duplex built in 1937
