Duplex with Private
For Sale
$370,000
2120 Langford Ave, Lubbock, TX 79407
Two-unit residential property with separate entrances, everyday living layouts, and on-site parking.
Property Size3,008 SF
Price / SF$123.01
Days on Market50
Property Features for 2120 Langford Ave
General Information
Standard status
Active
Size
3,008 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2023
Listing Agency:
AMRR Realty
Listed By:
Jennifer Busbea · License #0614398
(806) 577-7228
Source:
Raftercrossrealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 3:48PM
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 AMRR Realty
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Investment Insights
Based on property information with market context.
Completed in 2023, this 3,008-square-foot duplex contains two residential units designed for independent occupancy. Each side has a private entrance, practical kitchen, comfortable living area, and spacious bedrooms, creating a straightforward layout for residents. Ample parking is also provided on the property.
The property is located at 2120 Langford Ave in Lubbock, Texas, with access to local shopping, dining, amenities, and major roadways. Its two-unit configuration supports separate occupancy arrangements, including the possibility of living in one unit while leasing the other, as stated in the property information.
The property is located at 2120 Langford Ave in Lubbock, Texas, with access to local shopping, dining, amenities, and major roadways. Its two-unit configuration supports separate occupancy arrangements, including the possibility of living in one unit while leasing the other, as stated in the property information.
Key Highlights
- 3,008‑square‑foot duplex completed in 2023
- Two residential units with private entrances
- Each unit includes a practical kitchen and spacious bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,169
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,380
$543.4K
Cap Rate 7%
$388,129
$388.1K
Cap Rate 9%
$301,878
$301.9K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$41.5K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$38.8K $12.90/SF
− OpEx
−$11.6K −$3.87/SF
NOI
$27.2K $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%
$543,380
Cap Rate 7%
$388,129
Cap Rate 9%
$301,878
Alternative Uses
Best Use
Multifamily LT 5
$388.1K
$339.6K – $452.8K
NOI $27,169 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$348.5K
$304.9K – $406.6K
NOI $24,395 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$758.3K
$663.5K – $884.7K
NOI $53,083 @ 7.0% cap · market cap 14.35%
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
23
Businesses Nearby
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Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
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 - Two-unit residential property with separate entrances, everyday living layouts, and on-site parking.
Where is this duplex located?
The property is located at 2120 Langford Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 3,008‑square‑foot duplex completed in 2023; Two residential units with private entrances; Each unit includes a practical kitchen and spacious bedrooms
