2117 35th Street Lubbock, TX 79412
MULTI_FAMILY - Lubbock, TX
- Added:
- Jul 2, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 11 at 5:06 pm
Property Features for 2117 35th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Appliances
- Washer/Dryer
- Standard status
- Active
- APN
- R37533
- Size
- 1,310 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Telford Blk 1 L 9
- Tax Annual Amount
- 2111
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1956
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Josh Barrett License #0776750 (806) 401-6153
Listing office Progressive Properties 6301 Indiana Ave, Lubbock, TX (806) 794-7777
Listing date Jul 2, 2026
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.
The property is located in Lubbock, Texas (79412). With a duplex format, it supports multiple living arrangements under one ownership structure, which can simplify operations compared to owning two separate homes.
This duplex is well suited for owner-occupants looking for income to help offset housing costs, as well as investors seeking a manageable two-unit asset with one unit already producing rent and the second unit available for immediate positioning after closing. If you want a renovated, turn-ready duplex with an occupancy transition built into the transaction timeline, schedule a private showing to review the layout, updates, and current lease details for Unit A.
Key Highlights
- Duplex built in 1956 with brick construction, central heating, and central air
- Recently renovated both units for updated interiors and rental appeal
- Unit A is occupied on a month‑to‑month lease paying $750/month
Local 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 |
