Duplex With Private
For Sale
$219,500
1915 S Loop 289, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size2,242 SF
Lot Size0.13 Acres
Price / SF$97.90
Days on Market70
Property Features for 1915 S Loop 289
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Garage
Window features
Blinds
Patio and Porch features
Porch
Appliances
Dishwasher, Disposal, Electric Range
Elementary school
Roberts
Middle school
Atkins
High school
Monterey
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
6
Standard status
Active
APN
R86453
Size
2,242 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
Beverly Hts L 404-A & 404-B
Tax Annual Amount
2217
Legal Description
Beverly Hts L 404-A & 404-B
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1997
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Big State Real Estate, Inc.
(806) 790-7536
Listed By:
Wayne Walton · License #0435531
(806) 793-8111
Added: Aug 7
Changed: Oct 15
Last Checked: Oct 15 at 10:06PM
MLS# 202611304
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.
This duplex contains two residential units totaling 2,242 square feet on a 0.13-acre lot. Each side is described with three bedrooms, two full bathrooms, a one-car garage, and a private backyard. Brick construction, central heating, central air, ceiling fans, porches, and composition roofing are among the property features. The roof was installed in 2022, and the units are all electric. Appliances include dishwashers, disposals, and electric ranges.
The property is identified by the addresses 1913 S Loop 289 and 1915 S Loop 289 in Lubbock, Texas. Built in 1997, the duplex includes garage parking and is located on S Loop 289.
The property is identified by the addresses 1913 S Loop 289 and 1915 S Loop 289 in Lubbock, Texas. Built in 1997, the duplex includes garage parking and is located on S Loop 289.
Key Highlights
- Two‑unit duplex totaling 2,242 square feet
- Each side includes 3 bedrooms, 2 full bathrooms, a one‑car garage, and a private backyard
- 0.13‑acre lot with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,183
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
$363.7K
Cap Rate 7%
$259,757
$259.8K
Cap Rate 9%
$202,033
$202.0K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$35.2K $15.72/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$33.1K $14.75/SF
− OpEx
−$14.9K −$6.64/SF
NOI
$18.2K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
Cap Rate 7%
$259,757
Cap Rate 9%
$202,033
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.1K – $337.5K
NOI $20,250 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$565.2K
$494.6K – $659.4K
NOI $39,565 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a one-car garage and private backyard, with central heating and cooling.
Where is this duplex located?
The property is located at 1915 S Loop 289 Lubbock, TX.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,242 square feet; Each side includes 3 bedrooms, 2 full bathrooms, a one‑car garage, and a private backyard; 0.13‑acre lot with brick construction
