Brick Duplex with Attached
2512 74th Place #A & B, Lubbock, TX 79423
For Sale
New
$229,000
Two mirrored residences provide separate dining rooms, fireplaces and private backyard areas.
Property Size2,330 SF
Price / SF$98.28
Days on Market1
Property Features for 2512 74th Place #A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Construction
Listing Agency:
Exit Realty Of Lubbock
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Nov 10
Last Checked: Nov 10 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Of Lubbock
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex contains 2,330 square feet across two units, each arranged with two bedrooms and 1.5 baths. Both sides include a one-car garage, a fireplace, separate dining space and a backyard. Plank flooring has been installed throughout Side A. The building dates to 1974 and is being sold as is.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 baths
- 2,330‑square‑foot brick duplex built in 1974
- 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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
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
$222,500
Median Home Value
Market
Average Price Trend$/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 - Two mirrored residences provide separate dining rooms, fireplaces and private backyard areas.
Where is this duplex located?
The property is located at 2512 74th Place #A & B 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 units, each with 2 bedrooms and 1.5 baths; 2,330‑square‑foot brick duplex built in 1974; One‑car garage and fireplace in each unit
