Brick Duplex with
2512 74th Place, Lubbock, TX 79423
For Sale
New
$229,000
Residential Income, Lubbock, TX
Property Size2,330 SF
Lot Size0.19 Acres
Price / SF$98.28
Days on Market3
Property Features for 2512 74th Place
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Fencing
Fireplace
Appliances
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fireplaces
backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Rania Zeitouni · License TX #0585831
(806) 928-8929
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 9 at 10:06PM
MLS# 202615060
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 2,330-square-foot brick duplex, built in 1974, contains two residences on a 0.19-acre lot. Each side has two bedrooms, 1.5 bathrooms, a living area with a fireplace, a separate dining room, and a one-car garage. Side A has new plank flooring. Both units have fenced backyards, and the property is offered in as-is condition.
The duplex is near Texas Tech University. Public water and sewer serve the property, and natural gas is available. Interior finishes include vinyl and tile flooring, with central heating and air conditioning.
The duplex is near Texas Tech University. Public water and sewer serve the property, and natural gas is available. Interior finishes include vinyl and tile flooring, with central heating and air conditioning.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- 2,330 square feet on a 0.19‑acre lot
- One‑car garage and fireplace in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,045
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,900
$420.9K
Cap Rate 7%
$300,643
$300.6K
Cap Rate 9%
$233,833
$233.8K
Market Conditions
NOI Build-Up for 2,330 SF
Gross rent
$32.2K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$30.1K $12.90/SF
− OpEx
−$9.0K −$3.87/SF
NOI
$21.0K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,900
Cap Rate 7%
$300,643
Cap Rate 9%
$233,833
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,896 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
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Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
Properties on Market for Duplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a fireplace, separate dining room, and fenced backyard.
Where is this duplex located?
The property is located at 2512 74th Place Lubbock, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 bathrooms; 2,330 square feet on a 0.19‑acre lot; One‑car garage and fireplace in each unit
