Two-Unit Duplex
215 36th Street, Lubbock, TX 79404
For Sale
$180,000
Residential Income, Lubbock, TX
Property Size1,500 SF
Lot Size0.15 Acres
Price / SF$120
Days on Market295
Property Features for 215 36th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Security features
Window features
Interior features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Legendary Dreams Realty, Inc.
Listed By:
Kyle Watts · License TX #0505515
(806) 239-6441
Added: Jan 20
Changed: Oct 31
Last Checked: Nov 10 at 8:06PM
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.
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Investment Insights
Based on property information with market context.
This duplex contains Units A and B within a 1,500-square-foot property on a 0.15-acre lot. Both units are currently rented. The 2018 construction includes board-and-batten siding, composition roofing, laminate flooring, ceiling fans, and central electric heating and cooling.
The property is located in Lubbock, Texas, with public water and public sewer service. Cable service is available, and the residence includes a three-bedroom and one-bathroom room inventory in the provided property details.
The property is located in Lubbock, Texas, with public water and public sewer service. Cable service is available, and the residence includes a three-bedroom and one-bathroom room inventory in the provided property details.
Key Highlights
- Two‑unit duplex with Units A and B
- 1,500 square feet on a 0.15‑acre lot
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,548
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,960
$271.0K
Cap Rate 7%
$193,543
$193.5K
Cap Rate 9%
$150,533
$150.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$20.7K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.4K $12.90/SF
− OpEx
−$5.8K −$3.87/SF
NOI
$13.5K $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%
$270,960
Cap Rate 7%
$193,543
Cap Rate 9%
$150,533
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
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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
$86,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
Properties on Market for Duplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently occupied and feature central heating and cooling.
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‑unit duplex with Units A and B; 1,500 square feet on a 0.15‑acre lot; Built in 2018
