2412 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 2412 33rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
- Parking features
- Garage, Off Street, Driveway
- Fencing
- Fenced
- Standard status
- Active
- APN
- R115687
- Size
- 2,277 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Description
- MASSEY HTS BLK 6 L 21
- Tax Annual Amount
- 3824
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Separate Meters, Ceiling Fan(s), Multi Units
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 2
- 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
- Well‑maintained duplex with 2,277 sq ft total living space
- 2 bedrooms and 1 full bath on each side (2 units total)
- Both units are currently leased, providing immediate rental income
- Brick veneer construction with composition shingle roof
- Central heating and central air; separate meters
- Garage and off‑street parking; fenced property with public water and public sewer
Overview
The property is located at 2412 33rd Street in Lubbock, Texas 79411, within Lubbock County. The offering includes a 0.43-acre lot, providing room for everyday residential site utility and upkeep.
With both units currently leased, the duplex presents a practical option for buyers seeking immediate occupancy. The unit mix is consistent across both sides, which can simplify management considerations for an owner operating a small residential income property. Prospective buyers can review current lease status and tenant arrangements as part of their due diligence.
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 | $31.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $29.4k | $12.90 |
| − OpEx | −$8.8k | −$3.87 |
| NOI | $20.6k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.868603
- Latitude
- 33.564579
