Updated Duplex Near Texas
2101 35th Street Lubbock, TX 79412
2101 35th Street, Lubbock, TX, 79412
$198,000
For Sale
$198,000
MULTI_FAMILY - Lubbock, TX
Property Size2,050 SF
Lot Size0.20 Acres
Price / SF$96.59
Days on Market606
Property Features for 2101 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
- Parking features
- On Street, Carport
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- APN
- R37308
- Size
- 2,050 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- TELFORD BLK 1 L 1
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1956
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Veritas Real Estate Company
(806) 853-7355
6301 Indiana Ave, Ste 116, Lubbock, TX
Listed by
Joseph Randall · License #0727954
(806) 300-2140
Added: Nov 18, 2024 Checked: Jul 17 at 2:06 pm
MLS# 202415929
Listing URL
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 updated duplex is located near Texas Tech, shopping, schools, and food. Each side of the duplex features 3 bedrooms and 1 bathroom. Covered carports are included on both sides of the building. One side is currently vacant, presenting an opportunity for owner-occupancy while renting out the other unit, or for leasing both sides for cash flow. One side is currently rented for $1050 per month. The property size is 2050 square feet and the lot size is 0.2 acres.
Key Highlights
- Updated duplex built in 1956 with brick construction
- Each unit has 3 bedrooms and 1 bathroom
- One side is currently vacant, allowing owner occupancy while the other side rents
Local Financial Insights For Apartment 5plus
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 | $32.2k | $15.72 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $30.2k | $14.75 |
| − OpEx | −$13.6k | −$6.64 |
| NOI | $16.6k | $8.11 |
2,050 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.5K
$231.5K – $308.6K
NOI $18,516 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$237.5K
$207.8K – $277.1K
NOI $16,625 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$516.8K
$452.2K – $603.0K
NOI $36,177 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex near Texas Tech, shopping, schools, and food.
Where is this duplex located?
The property is located at 2101 35th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Updated duplex built in 1956 with brick construction; Each unit has 3 bedrooms and 1 bathroom; One side is currently vacant, allowing owner occupancy while the other side rents
