2015 102nd Street, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
- Added:
- May 25, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 9 at 12:06 pm
Property Features for 2015 102nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Parking features
- Garage
- Fencing
- Fenced
- Standard status
- Active
- APN
- R329112
- Size
- 2,899 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- Stonebridge Community L 144
- Tax Annual Amount
- 6339
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, Wood Siding
Listing agent Maelyn Lykins License #0831064 (210) 291-8030
Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX (806) 771-7710
Listing date May 25, 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
- Built in 2019 with brick and wood siding
- Fully leased and income‑producing property
- Central heating and central A/C
- Public water and public sewer
- Tenant features include luxury vinyl plank flooring, open‑concept living, and a dedicated laundry room
- Covered patio with a fenced backyard plus a 2‑car garage
Overview
Located at 2015 102nd Street in Lubbock, Texas 79423, the property sits on a 0.22-acre lot and totals 2,899 square feet. As described, it is maintained to support long-term tenant appeal and help reduce turnover, making it well-suited for investors looking to add stable performance to an existing portfolio.
Given the current leasing status and the emphasis on low-friction living features, this duplex is a practical fit for investors seeking immediate rent collection. It also offers a straightforward acquisition path for buyers who want a ready-to-operate residential income asset supported by contemporary interior updates and strong day-to-day tenant amenities.
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 | $40.0k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $37.4k | $12.90 |
| − OpEx | −$11.2k | −$3.87 |
| NOI | $26.2k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.860629
- Latitude
- 33.501834
