Duplex with Central Electric
For Sale
$180,000
217 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 217 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, 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
R53807
Size
1,500 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
Putty Ross BLK 1 L 3A
Tax Annual Amount
1975
Legal Description
Putty Ross BLK 1 L 3A
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
Number of units
2
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# 202601000
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.
Duplex at 217 36th Street built in 2018 featuring board and batten siding. The interior includes laminate flooring and ceiling fan(s). Heating is central electric, with central air cooling and electric components, and ceiling fan(s) support airflow. The property uses a composition roof, with public water and public sewer available and cable available for connectivity.
Units A and B are currently rented. The seller indicates the duplex can be purchased together with two additional units at 215 36th and 326 37th as a package.
This layout is suited to an owner looking for income-producing residential units, with a straightforward utility setup supported by public water and sewer.
Units A and B are currently rented. The seller indicates the duplex can be purchased together with two additional units at 215 36th and 326 37th as a package.
This layout is suited to an owner looking for income-producing residential units, with a straightforward utility setup supported by public water and sewer.
Key Highlights
- Duplex built in 2018
- Units A and B currently rented
- Central electric heating with central air cooling
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
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 Central Electric HVAC, laminate flooring, and public water and sewer service.
Where is this duplex located?
The property is located at 217 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: Duplex built in 2018; Units A and B currently rented; Central electric heating with central air cooling
