Duplex with Two 1-Car
For Sale
$375,000
1915 Langford Ave, Lubbock, TX 79407
Each side of this leased duplex offers open-concept 3-bedroom, 2-bath living with a private 1-car garage.
Property Size3,008 SF
Price / SF$124.67
Days on Market101
Property Features for 1915 Langford Ave
General Information
Standard status
Active
Size
3,008 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
private backyard
zero-scape landscaping
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Dianna Romans · License #0595636
(806) 789-0899
Source:
Raftercrossrealty
Added: Jul 20
Changed: Oct 26
Last Checked: Oct 28 at 1:24PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex features two separate residences, each offering open-concept living with 3 bedrooms, 2 bathrooms, and a 1-car garage. The property’s zero-scape landscaping helps reduce tenant maintenance related to mowing, including in the private backyard areas. Both sides are described as pristine and ready for new ownership.
Unit B is currently leased on a flexible month-to-month basis, while Unit A has a year-long lease in place. The combined setup is designed for current income with defined lease terms.
Located at 1915 Langford Ave in Lubbock, TX, the property is minutes away from Oakridge Elementary, Terra Vista Middle School, and Frenship High School.
Unit B is currently leased on a flexible month-to-month basis, while Unit A has a year-long lease in place. The combined setup is designed for current income with defined lease terms.
Located at 1915 Langford Ave in Lubbock, TX, the property is minutes away from Oakridge Elementary, Terra Vista Middle School, and Frenship High School.
Key Highlights
- Duplex built in 2021 with two units, each offering open‑concept 3‑bedroom, 2‑bath layout and a private 1‑car garage
- Unit A is rented for $1,295/month on a year‑long lease
- Unit B is rented for $1,300/month on a flexible month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,169
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,380
$543.4K
Cap Rate 7%
$388,129
$388.1K
Cap Rate 9%
$301,878
$301.9K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$41.5K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$38.8K $12.90/SF
− OpEx
−$11.6K −$3.87/SF
NOI
$27.2K $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%
$543,380
Cap Rate 7%
$388,129
Cap Rate 9%
$301,878
Alternative Uses
Best Use
Multifamily LT 5
$388.1K
$339.6K – $452.8K
NOI $27,169 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$348.5K
$304.9K – $406.6K
NOI $24,395 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$758.3K
$663.5K – $884.7K
NOI $53,083 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
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 - Each side of this leased duplex offers open-concept 3-bedroom, 2-bath living with a private 1-car garage.
Where is this duplex located?
The property is located at 1915 Langford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex built in 2021 with two units, each offering open‑concept 3‑bedroom, 2‑bath layout and a private 1‑car garage; Unit A is rented for $1,295/month on a year‑long lease; Unit B is rented for $1,300/month on a flexible month‑to‑month basis
