Duplex with Two 1-Car
1915 Langford Ave Lubbock, TX 79407
New
For Sale
$375,000
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 Market5
Property Features for 1915 Langford Ave
General Information
- Standard status
- Active
- Size
- 3,008 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2021
Listing Agency:
Keller Williams Realty
(806) 789-0899
Listed By:
Dianna Romans · License #0595636
Source:
Raftercrossrealty
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 24 at 2:49PM
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
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 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 | $41.5k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $38.8k | $12.90 |
| − OpEx | −$11.6k | −$3.87 |
| NOI | $27.2k | $9.03 |
3,008 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
