Income-Producing Duplex
2017 102nd Street Lubbock, TX 79423
For Sale
$353,000
MULTI_FAMILY - Lubbock, TX
Property Size2,899 SF
Lot Size0.22 Acres
Price / SF$121.77
Days on Market61
Property Features for 2017 102nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking features
- Garage
- Fencing
- Fenced
- Standard status
- Active
- APN
- R329113
- Size
- 2,899 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- Stonebridge Community L 145
- Tax Annual Amount
- 6413
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 Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Maelyn Lykins · License #0831064
(210) 291-8030
Added: May 25
Changed: Jul 18
Last Checked: Jul 24 at 5:06PM
MLS# 202607501
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.
Investment Insights
Based on property information with market context.
This well-maintained, fully leased income-producing home features a functional, open-concept layout with durable luxury vinyl plank flooring. The residence includes three bedrooms and two bathrooms, along with a dedicated laundry room, generous storage, and a covered patio. Outside, the home offers a fenced backyard, and it also includes an attached 2-car garage.
The property is located at 2017 102nd Street in Lubbock, TX 79423, in Lubbock County.
The primary suite is designed with dual vanities, a walk-in closet, and a private bath, supporting a tenant-ready setup with modern finishes throughout.
The property is located at 2017 102nd Street in Lubbock, TX 79423, in Lubbock County.
The primary suite is designed with dual vanities, a walk-in closet, and a private bath, supporting a tenant-ready setup with modern finishes throughout.
Key Highlights
- 2019‑built home with brick and wood siding and central heating and central air
- Fully leased, income‑producing property with public remarks indicating immediate cash flow
- 2‑car garage plus fenced backyard and covered patio
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 |
2,899 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$730.8K
$639.5K – $852.7K
NOI $51,159 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey, fully leased duplex-style home with covered patio, fenced backyard, dedicated laundry room, and attached 2-car garage.
Where is this duplex located?
The property is located at 2017 102nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $353,000.
What are key features of this property?
This property features: 2019‑built home with brick and wood siding and central heating and central air; Fully leased, income‑producing property with public remarks indicating immediate cash flow; 2‑car garage plus fenced backyard and covered patio
