2004 23rd Street, Lubbock, TX 79411
MULTI_FAMILY - Lubbock, TX
- Added:
- May 6, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 25 at 9:06 am
Property Features for 2004 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 4
- Parking features
- Garage
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Electric Oven, Electric Range
- Standard status
- Active
- APN
- R109582
- Size
- 2,600 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- MCCRUMMEN 2ND BLK 12 L 11
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2023
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Michael Norsworthy License #0799136 (214) 709-3095
Listing office eXp Realty LLC 5605 N MacArthur Blvd 10th Flr, Austin, TX (888) 519-7431
Listing date May 6, 2026
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.
HighLights
- Duplex with one unit rented for $1,400/mo and the other unit vacant
- Brick duplex under construction with Year Built 2023
- Central heating with natural gas; central air cooling plus electric cooling
- Garage parking; composition shingle roof
- Appliances include dishwasher, electric range, and electric oven
- Ceiling fan(s) plus multiple bedrooms and bathrooms (Bedrooms 1–6; Bathrooms 1–4)
Overview
The property is located at 2004 23rd Street in Lubbock, Texas 79411, within Lubbock County. The lot size is listed as 0.16 acres, and the total property size is reported as 2,600 square feet.
For buyers or operators looking for a duplex with immediate internal updates, this offering combines a renovated interior with a mixed occupancy situation. With one unit currently rented and the other available, it can support straightforward use as a live-in arrangement with rental income, or be positioned for an operator to rent both sides following vacancy. Prospective tenants and investors can review the renovated finishes and the current unit status as they assess fit for their housing or portfolio objectives.
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 | $35.9k | $13.80 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $33.5k | $12.90 |
| − OpEx | −$10.1k | −$3.87 |
| NOI | $23.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.860028
- Latitude
- 33.574202
