2513 111th Street, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
- Added:
- May 25, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 9 at 12:06 pm
Property Features for 2513 111th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
- Parking features
- Garage
- Interior features
- Beamed Ceilings, Built-in Features, Eat-in Kitchen, High Ceilings, Pantry, Walk-In Closet(s)
- Fencing
- Fenced
- Standard status
- Active
- APN
- R325610
- Size
- 2,592 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Cooper Meadow L 20
- Tax Annual Amount
- 6488
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
Listing agent Maelyn Lykins License #0831064 (210) 291-8030
Listing office Keller Williams Realty 10210 Quaker Ave, Lubbock, TX (806) 771-7710
Listing date May 25, 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 built in 2018 in South Lubbock, featuring two units each with 3 bedrooms and 2 bathrooms
- Each unit includes a 1‑car garage and open‑concept floorplan
- Granite countertops and eat‑in kitchen in both units
- Central heating and central air conditioning
- Luxury vinyl plank flooring plus carpet
- Public water and public sewer; fenced property with low‑maintenance landscaping
Overview
The property is located in South Lubbock and falls within Cooper ISD. It is professionally managed, which can be an advantage for investors seeking a quality asset with operational support in place.
With two rented units and a layout designed for day-to-day comfort, the duplex is a solid fit for investors looking to add to an existing portfolio or purchase their first duplex investment. The combination of maintained finishes, practical unit design, and professional management makes it well-suited for buyers who want a turnkey option rather than a property requiring significant immediate work.
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 | $35.8k | $13.80 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $33.4k | $12.90 |
| − OpEx | −$10.0k | −$3.87 |
| NOI | $23.4k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.872115
- Latitude
- 33.493859
