Duplex Investment
217 36th Street Lubbock, TX 79404
217 36th Street, Lubbock, TX, 79404
$180,000
For Sale
$180,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size1,500 SF
Lot Size0.15 Acres
Price / SF$120
Days on Market179
Property Features for 217 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Security features
- Security System
- Window features
- Double Pane Windows, Blinds
- Interior features
- Ceiling Fan(s)
- 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
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- 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
7207 N CR 1440, Shallowater, TX
Listed by
Kyle Watts · License #0505515
(806) 239-6441
Added: Jan 20 Checked: Jul 18 at 9:06 am
MLS# 202601000
Listing URL
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 includes Units A and B and is presented as an income-producing residential property. The listing notes both units are currently rented, with Unit A and Unit B each earning $950 per month. The property is identified as having 1,500 square feet of building area on a 0.15-acre lot.
The property is located at 217 36th Street in Lubbock, Texas (79404). The listing also indicates it may be purchased together with two additional units owned by the same seller: 215 36th A&B and 326 37th A&B. Those additional addresses are offered as a package deal when applicable.
For tenants seeking a rental duplex, the current configuration supports two separate households under one ownership structure. For buyers or investors, the property is being marketed specifically as a residential income holding with existing in-place rents for both units. The option to acquire this duplex alongside the seller’s two other unit sets may appeal to buyers looking to expand a small residential rental portfolio through a single transaction.
The property is located at 217 36th Street in Lubbock, Texas (79404). The listing also indicates it may be purchased together with two additional units owned by the same seller: 215 36th A&B and 326 37th A&B. Those additional addresses are offered as a package deal when applicable.
For tenants seeking a rental duplex, the current configuration supports two separate households under one ownership structure. For buyers or investors, the property is being marketed specifically as a residential income holding with existing in-place rents for both units. The option to acquire this duplex alongside the seller’s two other unit sets may appeal to buyers looking to expand a small residential rental portfolio through a single transaction.
Key Highlights
- 2018‑built unit with central electric heating and central air conditioning
- Units A & B are currently rented for $950 per month
- Public water and public sewer services
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex with both units currently rented, offering income-producing residential rental space in Lubbock.
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: 2018‑built unit with central electric heating and central air conditioning; Units A & B are currently rented for $950 per month; Public water and public sewer services
