Duplex with Unit A and Unit
For Sale
$180,000
215 36th Street, Lubbock, TX 79404
MULTI_FAMILY - Other - Lubbock, TX
Property Size1,500 SF
Lot Size0.15 Acres
Price / SF$120
Days on Market197
Property Features for 215 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Security features
Security System
Window features
Blinds, Double Pane Windows
Interior features
Ceiling Fan(s)
Elementary school
Harwell
Middle school
Dunbar College Preparatory Academy
High school
Estacado
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
2
Standard status
Active
APN
R53781
Size
1,500 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
Putty Ross BLK 1 L 2C1
Tax Annual Amount
1975
Legal Description
Putty Ross BLK 1 L 2C1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2018
Flooring type
Laminate
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Legendary Dreams Realty, Inc.
(806) 239-6441
Listed By:
Kyle Watts · License #0505515
(806) 239-6441
Added: Jan 20
Changed: Aug 1
Last Checked: Aug 5 at 3:06AM
MLS# 202600998
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.
This duplex on 36th Street includes two units, designated Unit A and Unit B. The property is built with board & batten siding and was completed in 2018. Interior finishes include laminate flooring, and the home features ceiling fan(s) along with central heating and central air. The heating source is electric, and cooling is electric with central air.
The units are served by public water and public sewer. Utilities include cable availability. The listing notes that Unit A and Unit B are currently rented, with tenants in place.
The property size is 1,500 square feet on a 0.15-acre lot. A composition roof and electric systems support year-round comfort, making this a straightforward option for buyers looking for a two-unit residential income property.
The units are served by public water and public sewer. Utilities include cable availability. The listing notes that Unit A and Unit B are currently rented, with tenants in place.
The property size is 1,500 square feet on a 0.15-acre lot. A composition roof and electric systems support year-round comfort, making this a straightforward option for buyers looking for a two-unit residential income property.
Key Highlights
- Two rental units, Unit A and Unit B
- Built in 2018 with board & batten siding
- 1,500 SF duplex on a 0.15‑acre lot
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.4k | $12.90 |
| − OpEx | −$5.8k | −$3.87 |
| NOI | $13.5k | $9.03 |
1,500 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 79404, TX
9,956
Population
4,289
Households
2.3
Avg Household Size
38
Median Age
13%
College-Educated
73%
High-School Grad
28.5 sq mi
ZIP Area
349
Density / Sq Mi
$48,642
Median Household Income
$30,654
Median Earnings
$958
Median Rent
$86,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 2018 with two rental units, central electric HVAC, and public water and sewer service.
Where is this duplex located?
The property is located at 215 36th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two rental units, Unit A and Unit B; Built in 2018 with board & batten siding; 1,500 SF duplex on a 0.15‑acre lot
