Duplex with Fenced
For Sale
$270,000
Pending
2330 F M 1294, Lubbock, TX 79403
Residential Income, Lubbock, TX
Property Size3,034 SF
Lot Size0.72 Acres
Days on Market301
Property Features for 2330 F M 1294
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3
Parking features
Garage
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Double Vanity, Granite Counters, Walk-In Closet(s)
Exterior features
Private Yard
Fencing
Privacy
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Microwave
Elementary school
New Deal
Middle school
New Deal
High school
New Deal
Elementary school district
New Deal ISD
Middle school district
New Deal ISD
High school district
New Deal ISD
Subdivision
5
Standard status
Pending
Size
3,034 SF
Lot size
0.72 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
0.718 acre tract, Lot 8, Dawn West Estates
Tax Annual Amount
1
Legal Description
0.718 acre tract, Lot 8, Dawn West Estates
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Well
Building Details
Year built
2021
Number of units
2
Flooring type
Vinyl, Plank
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Gina Sutton · License #0609174
(806) 789-1211
Added: Jan 8
Changed: Oct 27
Last Checked: Nov 4 at 2:06AM
MLS# 202600320
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 2021 duplex contains 3034 square feet arranged as two residential units. Each side includes three bedrooms, two bathrooms, a one-car garage, vinyl plank flooring, a primary suite with double vanities and a walk-in closet, and a covered rear patio. Privacy fencing encloses the individual yards, while central electric heating and cooling serve the units. Kitchens are equipped with dishwashers, electric cooktops, electric ovens, and microwaves.
The property is located at 2330 F M 1294 in Lubbock, Texas, just outside city limits. Both units are currently rented. A shared well supplies the property, with separate septic tanks serving each residence. The 0.72-acre site also includes brick and stone construction, composition roofing, ceiling fans, granite counters, and private yard space.
The property is located at 2330 F M 1294 in Lubbock, Texas, just outside city limits. Both units are currently rented. A shared well supplies the property, with separate septic tanks serving each residence. The 0.72-acre site also includes brick and stone construction, composition roofing, ceiling fans, granite counters, and private yard space.
Key Highlights
- Two‑unit duplex with 3034 square feet on a 0.72‑acre site
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Both residences are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,606
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,120
$492.1K
Cap Rate 7%
$351,514
$351.5K
Cap Rate 9%
$273,400
$273.4K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$47.7K $15.72/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$44.7K $14.75/SF
− OpEx
−$20.1K −$6.64/SF
NOI
$24.6K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,120
Cap Rate 7%
$351,514
Cap Rate 9%
$273,400
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$764.9K
$669.3K – $892.4K
NOI $53,542 @ 7.0% cap · market cap 19.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 79403, TX
15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences provide three-bedroom layouts, private outdoor areas, and separate septic systems outside city limits.
Where is this duplex located?
The property is located at 2330 F M 1294 Lubbock, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex with 3034 square feet on a 0.72‑acre site; Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; Both residences are currently rented
