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Renovated Duplex
New
For Sale
$160,000

3002 1st Place, Lubbock, TX 79415

Both residences have tenants in place, and the property includes a new roof and HVAC systems.

Property Size1,975 SF
Price / SF$81.01
Days on Market2

Property Features for 3002 1st Place

General Information

Standard status Active
Size 1,975 SF
Property subtype Multi-Family

Additional Details

Average Monthly Rent $825
Multifamily Units 2

Building Details

Year Built 1938
Buildings 1
Tenancy Multi
Listing Agency: Our Texas Real Estate Group
Listed By: Steadfast Realty
Source: Steadfast-realty
Added: Sep 24 Last Checked: Sep 24 at 2:20PM

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 Our Texas Real Estate Group

Investment Insights

Based on property information with market context.

Built in 1938, this 1,975-square-foot duplex has two tenant-occupied residences. Improvements include a new roof, new HVAC systems, and updates throughout. Each unit is currently occupied, providing existing rental income.

Key Highlights

  • Two‑unit duplex totaling 1,975 square feet
  • Built in 1938
  • Both units have tenants in place

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,042
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences have tenants in place, and the property includes a new roof and HVAC systems.
Where is this duplex located?
The property is located at 3002 1st Place Lubbock, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,975 square feet; Built in 1938; Both units have tenants in place
More about this property
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