2408 33rd Street, Lubbock, TX 79411
MULTI_FAMILY - Other - Lubbock, TX
- Added:
- Jun 4, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 9 at 11:06 am
Property Features for 2408 33rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
- Parking features
- Garage, Driveway, Off Street
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- R115731
- Size
- 2,262 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- MASSEY HTS BLK 6 L 23
- Tax Annual Amount
- 3824
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Multi Units, Separate Meters, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Brick Veneer
- Roof type
- Composition
- Architectural style
- Other
Listing agent Larry Leivas License #0616156 (806) 781-6274
Listing office Coldwell Banker Trusted Adviso 4924 S Loop 289, Lubbock, TX (806) 793-0677
Listing date Jun 4, 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
- Duplex with 2,262 sq ft total living space; each side has 2 bedrooms and 1 full bath
- Both units are currently leased, providing immediate rental income
- Built in 1964; brick veneer construction and composition roof
- Central heating and central air; ceiling fans included
- Public water and public sewer
- Fireplace, fenced property, and parking with off‑street spaces, driveway, and garage
Overview
The property is located at 2408 33rd Street in Lubbock, Texas, on a 0.22-acre lot. The duplex configuration supports an income-focused residential holding, with two distinct units under one ownership structure.
For buyers seeking a rental portfolio addition, this duplex offers a simple, tenant-ready format: two bedrooms and one full bath per side, with occupancy already in place. It may also be a fit for first-time investors looking for a manageable entry point into multi-family ownership through a property designed to house two independent households. Because both units are leased today, the immediate focus is on continuing the existing tenancy arrangement rather than re-leasing a vacant building.
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 | $31.2k | $13.80 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $29.2k | $12.90 |
| − OpEx | −$8.8k | −$3.87 |
| NOI | $20.4k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.86816
- Latitude
- 33.564579
