Updated Duplex with Renovated
2117 35th St Lubbock, TX 79412
New
For Sale
$145,000
Both duplex units have been recently renovated, with Unit A operating on a month-to-month lease.
Property Size1,310 SF
Price / SF$110.69
Days on Market3
Property Features for 2117 35th St
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Multi-Family
Building Details
Year Built
1956
Listing Agency:
Progressive Properties
(806) 401-6153
Listed By:
Josh Barrett · License #0776750
Source:
Raftercrossrealty
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Progressive Properties
Investment Insights
Based on property information with market context.
2117 35th St presents a renovated duplex with two updated units designed for current living or rental use. Both Unit A and Unit B have been recently renovated, giving the property a refreshed look and feel. Unit A is currently occupied on a month-to-month lease, supporting immediate rental activity. Unit B is expected to be vacant prior to closing, providing flexibility for a new owner to move in or lease it after purchase.
The duplex is 1,310 SF and was built in 1956. With two separate units under one roof and renovated interiors, the property can fit an owner-occupant strategy or an investor approach seeking diversified rental potential from a single asset.
The duplex is 1,310 SF and was built in 1956. With two separate units under one roof and renovated interiors, the property can fit an owner-occupant strategy or an investor approach seeking diversified rental potential from a single asset.
Key Highlights
- Recently renovated duplex with two updated units
- Unit A occupied on a month‑to‑month lease
- Unit B will be vacant prior to closing
Financial Insights For Multifamily LT 5
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 | $18.1k | $13.80 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $16.9k | $12.90 |
| − OpEx | −$5.1k | −$3.87 |
| NOI | $11.8k | $9.03 |
1,310 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$169.0K
$147.9K – $197.2K
NOI $11,832 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$151.8K
$132.8K – $177.1K
NOI $10,624 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$330.3K
$289.0K – $385.3K
NOI $23,118 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Both duplex units have been recently renovated, with Unit A operating on a month-to-month lease.
Where is this duplex located?
The property is located at 2117 35th St Lubbock, TX.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Recently renovated duplex with two updated units; Unit A occupied on a month‑to‑month lease; Unit B will be vacant prior to closing
