Duplex with Covered
For Sale
$344,500
2017 102nd Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size2,899 SF
Lot Size0.22 Acres
Price / SF$118.83
Days on Market152
Property Features for 2017 102nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1
Parking features
Garage
Fencing
Fenced
Elementary school
Lubbock-Cooper North
Middle school
Lubbock-Cooper Bush
High school
Cooper
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
6
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
Legal Description
Stonebridge Community L 145
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
dedicated laundry room
covered patio
fenced backyard
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: Oct 18
Last Checked: Oct 23 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex property contains 2,899 square feet on a 0.22-acre lot and was built in 2019. Interior features include luxury vinyl plank flooring, an open living arrangement, substantial storage, a dedicated laundry room, and contemporary finishes. The property also includes a covered patio, fenced backyard, and two-car garage. The primary suite includes dual vanities, a walk-in closet, and a private bathroom.
Central heating and central air conditioning serve the property. Public water and public sewer are available, while brick and wood siding form the exterior. The property is fully leased and income-producing, providing an existing rental configuration for an investor or owner seeking an occupied residential income asset.
Central heating and central air conditioning serve the property. Public water and public sewer are available, while brick and wood siding form the exterior. The property is fully leased and income-producing, providing an existing rental configuration for an investor or owner seeking an occupied residential income asset.
Key Highlights
- 2,899 square feet on a 0.22‑acre lot
- Built in 2019
- Fully leased and income‑producing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,184
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,680
$523.7K
Cap Rate 7%
$374,057
$374.1K
Cap Rate 9%
$290,933
$290.9K
Market Conditions
NOI Build-Up for 2,899 SF
Gross rent
$40.0K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.4K $12.90/SF
− OpEx
−$11.2K −$3.87/SF
NOI
$26.2K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,680
Cap Rate 7%
$374,057
Cap Rate 9%
$290,933
Alternative Uses
Best Use
Multifamily LT 5
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$730.8K
$639.5K – $852.7K
NOI $51,159 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
137
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased property with central HVAC, fenced outdoor space, and an attached two-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 $344,500.
What are key features of this property?
This property features: 2,899 square feet on a 0.22‑acre lot; Built in 2019; Fully leased and income‑producing
