Duplex With Recent
For Sale
$192,500
2104 22nd Street, Lubbock, TX 79411
Residential Income, Lubbock, TX
Property Size1,885 SF
Lot Size0.16 Acres
Price / SF$102.12
Days on Market59
Property Features for 2104 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Off Street
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Active
APN
R117584
Size
1,885 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
McCrummen 2nd Blk 54 L 23
Tax Annual Amount
2958
Legal Description
McCrummen 2nd Blk 54 L 23
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1962
Building materials
Brick
Buildings
1
Listing Agency:
Progressive Properties
(806) 794-7777
Listed By:
Josh Barrett · License #0776750
(806) 401-6153
Added: Sep 2
Changed: Oct 29
Last Checked: Oct 30 at 9:06AM
MLS# 202612217
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.
Built in 1962, this 1,885-square-foot brick duplex sits on a 0.16-acre lot. The property has two bedrooms and one bathroom listed for each unit. Kitchen and bathroom improvements have been completed in both units, and the roof, HVAC systems, and water heaters have been replaced. Central heating and air conditioning serve the property, with off-street parking available.
One unit is occupied, and the other is leased month to month. The property is at 2104 22nd Street in Lubbock, Texas.
One unit is occupied, and the other is leased month to month. The property is at 2104 22nd Street in Lubbock, Texas.
Key Highlights
- 1,885 square feet on a 0.16‑acre lot
- Brick duplex built in 1962
- Both units have updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,026
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,520
$340.5K
Cap Rate 7%
$243,229
$243.2K
Cap Rate 9%
$189,178
$189.2K
Market Conditions
NOI Build-Up for 1,885 SF
Gross rent
$26.0K $13.80/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$24.3K $12.90/SF
− OpEx
−$7.3K −$3.87/SF
NOI
$17.0K $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%
$340,520
Cap Rate 7%
$243,229
Cap Rate 9%
$189,178
Alternative Uses
Best Use
Multifamily LT 5
$243.2K
$212.8K – $283.8K
NOI $17,026 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$218.4K
$191.1K – $254.8K
NOI $15,287 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,265 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
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Business Placement
Demographics for 79411, TX
7,297
Population
3,474
Households
2.1
Avg Household Size
31
Median Age
22%
College-Educated
72%
High-School Grad
1.5 sq mi
ZIP Area
4,865
Density / Sq Mi
$44,866
Median Household Income
$24,493
Median Earnings
$942
Median Rent
$85,000
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 - One side is occupied, while the other is on a month-to-month arrangement.
Where is this duplex located?
The property is located at 2104 22nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $192,500.
What are key features of this property?
This property features: 1,885 square feet on a 0.16‑acre lot; Brick duplex built in 1962; Both units have updated kitchens and bathrooms
