New Construction
New
For Sale
$265,000
2912 Duke St, Lubbock, TX 79415
Brand new duplex with two 3-bedroom, 1-bath units featuring vinyl plank flooring and granite countertops.
Property Size2,200 SF
Price / SF$120.45
Days on Market6
Property Features for 2912 Duke St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Business Included
No
Multifamily Units
2
Building Details
Year Built
2024
Listing Agency:
Realty Refined
(806) 620-9309
Listed By:
Andrew Keaton · License #0716753
Source:
Raftercrossrealty
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 31 at 9:13AM
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 Realty Refined
Investment Insights
Based on property information with market context.
A brand new construction duplex offering two separate units. Each unit is laid out with 3 bedrooms and 1 bathroom and includes approximately 1,100 square feet of living space. Interiors feature vinyl plank flooring and granite countertops.
The property is located at 2912 Duke St in Lubbock, Texas, just minutes from Texas Tech and the Medical District. The seller would like to sell this duplex as part of a package with the next door duplex at 2914 Duke St.
The property is located at 2912 Duke St in Lubbock, Texas, just minutes from Texas Tech and the Medical District. The seller would like to sell this duplex as part of a package with the next door duplex at 2914 Duke St.
Key Highlights
- Brand new duplex built in 2024 with two 3‑bedroom, 1‑bath units
- Each unit offers 1,100 SF of living space
- Vinyl plank flooring throughout
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 | $30.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $28.4k | $12.90 |
| − OpEx | −$8.5k | −$3.87 |
| NOI | $19.9k | $9.03 |
2,200 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$283.9K
$248.4K – $331.2K
NOI $19,871 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$254.9K
$223.0K – $297.4K
NOI $17,842 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$554.6K
$485.3K – $647.1K
NOI $38,824 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 79415, TX
17,499
Population
7,225
Households
2.4
Avg Household Size
30
Median Age
26%
College-Educated
77%
High-School Grad
67.8 sq mi
ZIP Area
258
Density / Sq Mi
$37,101
Median Household Income
$25,506
Median Earnings
$956
Median Rent
$94,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brand new duplex with two 3-bedroom, 1-bath units featuring vinyl plank flooring and granite countertops.
Where is this duplex located?
The property is located at 2912 Duke St Lubbock, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Brand new duplex built in 2024 with two 3‑bedroom, 1‑bath units; Each unit offers 1,100 SF of living space; Vinyl plank flooring throughout
