Duplex Rental
For Sale
$85,000
207 Temple Avenue, Lubbock, TX 79415
Residential Income, Lubbock, TX
Property Size768 SF
Lot Size0.14 Acres
Price / SF$110.68
Days on Market13
Property Features for 207 Temple Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
1
Standard status
Active
APN
R46307
Size
768 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Ritchey J R Blk 26 W122.5'L 21
Tax Annual Amount
756
Legal Description
Ritchey J R Blk 26 W122.5'L 21
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
1941
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Composition
Architectural style
Other
Listing Agency:
Reside Real Estate Co.
(806) 646-6423
Listed By:
Mark Murray · License #0590317
(806) 831-8436
Added: Oct 22
Changed: Oct 29
Last Checked: Nov 3 at 7:06AM
MLS# 202614440
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 768-square-foot property was built in 1941 and has stucco exterior construction, a composition roof, central heating and ceiling fans. The room schedule lists two bedrooms and two bathrooms. The parcel measures 0.14 acres.
The offering encompasses 25 properties across Lubbock, totaling 35 rentable doors. All units are currently rented, and the portfolio is professionally managed.
The offering encompasses 25 properties across Lubbock, totaling 35 rentable doors. All units are currently rented, and the portfolio is professionally managed.
Key Highlights
- 25‑property portfolio with 35 rentable doors across Lubbock
- Every unit is currently rented
- 768 square feet on a 0.14‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,937
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,740
$138.7K
Cap Rate 7%
$99,100
$99.1K
Cap Rate 9%
$77,078
$77.1K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$10.6K $13.80/SF
− Vacancy
−$689 −$0.90/SF
EGI
$9.9K $12.90/SF
− OpEx
−$3.0K −$3.87/SF
NOI
$6.9K $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%
$138,740
Cap Rate 7%
$99,100
Cap Rate 9%
$77,078
Alternative Uses
Best Use
Multifamily LT 5
$99.1K
$86.7K – $115.6K
NOI $6,937 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$89.0K
$77.9K – $103.8K
NOI $6,228 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$193.6K
$169.4K – $225.9K
NOI $13,553 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
35
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 79415, TX
17,499
Population
7,225
Households
2.4
Avg Household Size
30
Median Age
26%
College-Educated
77%
High-School Grad
67.8 sq mi
ZIP Area
258
Density / Sq Mi
$37,101
Median Household Income
$25,506
Median Earnings
$956
Median Rent
$94,000
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 - Part of a 25-property Lubbock portfolio comprising 35 rentable doors, with every unit currently occupied.
Where is this duplex located?
The property is located at 207 Temple Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: 25‑property portfolio with 35 rentable doors across Lubbock; Every unit is currently rented; 768 square feet on a 0.14‑acre parcel
