Updated Duplex Near
For Sale
$198,000
2101 35th Street, Lubbock, TX 79412
Residential Income, Lubbock, TX
Property Size2,050 SF
Lot Size0.20 Acres
Price / SF$96.59
Days on Market713
Property Features for 2101 35th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
On Street, Carport
Interior features
Ceiling Fan(s)
Elementary school
Brown
Middle school
Slaton
High school
Lubbock
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Active
APN
R37308
Size
2,050 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
TELFORD BLK 1 L 1
Legal Description
TELFORD BLK 1 L 1
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Building Details
Year built
1956
Number of units
2
Building materials
Brick
Roof type
Composition
Buildings
1
Listing Agency:
Veritas Real Estate Company
(806) 853-7355
Listed By:
Joseph Randall · License #0727954
(806) 300-2140
Added: Nov 18, 2024
Changed: Oct 28
Last Checked: Nov 1 at 9:06AM
MLS# 202415929
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,050-square-foot duplex contains two separate residences, each with 3 bedrooms and 1 bathroom. Both sides include a covered carport, while the 0.2-acre property also offers on-street parking. Built in 1956, the building has brick construction, a composition roof, ceiling fans, central natural-gas heating, and central electric air conditioning. One side is vacant, and the other is currently rented, creating flexibility for an owner occupant or an investor leasing both units.
The property is located at 2101 35th Street in Lubbock, near Tech, shopping, schools, and food options. Its six-bedroom, two-bathroom configuration provides a straightforward duplex layout for residential income use.
The property is located at 2101 35th Street in Lubbock, near Tech, shopping, schools, and food options. Its six-bedroom, two-bathroom configuration provides a straightforward duplex layout for residential income use.
Key Highlights
- 2,050‑square‑foot duplex on a 0.2‑acre lot
- Two 3‑bedroom, 1‑bathroom residences
- One side vacant; the other side currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,625
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,500
$332.5K
Cap Rate 7%
$237,500
$237.5K
Cap Rate 9%
$184,722
$184.7K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$32.2K $15.72/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$30.2K $14.75/SF
− OpEx
−$13.6K −$6.64/SF
NOI
$16.6K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,500
Cap Rate 7%
$237,500
Cap Rate 9%
$184,722
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 79412, TX
14,834
Population
6,480
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
4,636
Density / Sq Mi
$47,306
Median Household Income
$29,233
Median Earnings
$964
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences offer covered carport parking and flexible owner-occupant or rental use.
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: 2,050‑square‑foot duplex on a 0.2‑acre lot; Two 3‑bedroom, 1‑bathroom residences; One side vacant; the other side currently rented
