Duplex with New
2918 Duke Street, Lubbock, TX 79415
For Sale
$112,500
Residential Income, Lubbock, TX
Property Size1,143 SF
Lot Size0.16 Acres
Price / SF$98.43
Days on Market50
Property Features for 2918 Duke Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Listing Agency:
Sutherland, REALTORS
(806) 798-0947
Listed By:
Madison Sutherland · License TX #0853397
(806) 445-7795
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 10 at 8:06PM
MLS# 202613081
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 1,143-square-foot duplex was built in 1929 and sits on a 0.16-acre lot. The property has brick veneer and stucco exterior materials, with new windows and a new fence. One unit is tenant-occupied; the other is vacant.
Heating is provided by a floor furnace, and cooling is through window or wall/window units. Parking includes a driveway and off-street spaces. The property is located at 2918 Duke Street in Lubbock.
Heating is provided by a floor furnace, and cooling is through window or wall/window units. Parking includes a driveway and off-street spaces. The property is located at 2918 Duke Street in Lubbock.
Key Highlights
- 1,143‑square‑foot duplex on a 0.16‑acre lot
- One unit is tenant‑occupied and the other is vacant
- New windows and a new fence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,324
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,480
$206.5K
Cap Rate 7%
$147,486
$147.5K
Cap Rate 9%
$114,711
$114.7K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$15.8K $13.80/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$14.7K $12.90/SF
− OpEx
−$4.4K −$3.87/SF
NOI
$10.3K $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%
$206,480
Cap Rate 7%
$147,486
Cap Rate 9%
$114,711
Alternative Uses
Best Use
Multifamily LT 5
$147.5K
$129.1K – $172.1K
NOI $10,324 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,270 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$288.2K
$252.1K – $336.2K
NOI $20,171 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
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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
$94,000
Median Home Value
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Market
Average Price Trend$/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 - One residence is occupied by a tenant, while the second is vacant.
Where is this duplex located?
The property is located at 2918 Duke Street Lubbock, TX.
What is the asking price?
The asking price for this property is $112,500.
What are key features of this property?
This property features: 1,143‑square‑foot duplex on a 0.16‑acre lot; One unit is tenant‑occupied and the other is vacant; New windows and a new fence
