215 36th Street, Lubbock, TX 79404
MULTI_FAMILY - Other - Lubbock, TX
- Added:
- Jan 20, 2026
- Days on Market:
- 150
- Last Refresh:
- Jun 19 at 4:06 am
Property Features for 215 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
- Security features
- Security System
- Window features
- Blinds, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- 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
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- 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 agent Kyle Watts License #0505515 (806) 239-6441
Listing office Legendary Dreams Realty, Inc. 7207 N CR 1440, Shallowater, TX (806) 239-6441
Listing date Jan 20, 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.
HighLights
- Year built 2018 with central heating and central air
- 2‑unit setup: Unit A rented for $1,000/mo and Unit B rented for $950/mo
- Public water and public sewer
- Composition roof and board & batten siding
- Laminate flooring and ceiling fans; electric heating with central system
- Cable available
Overview
The duplex is located at 215 36th Street in Lubbock, Texas 79404, within Lubbock County. Per the listing remarks, the seller may also offer additional related units for purchase alongside this property, including 217 36th (Units A&B) and 326 37th (Units A&B).
For investors or owner-occupants looking for a manageable multifamily holding, the duplex provides two separate rental units under one roof. Because both units are already rented, it may appeal to buyers who want to step into an operating residential income situation rather than starting from vacancy. The ability to purchase the additional nearby units described in the remarks may also support buyers interested in expanding their portfolio with multiple small residential income properties.
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.4k | $12.90 |
| − OpEx | −$5.8k | −$3.87 |
| NOI | $13.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.837643
- Latitude
- 33.561639
