Two-Unit Duplex
301 36th Street Lubbock, TX 79404
301 36th Street, Lubbock, TX, 79404
$175,000
For Sale
$175,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size1,500 SF
Lot Size0.15 Acres
Price / SF$116.67
Days on Market74
Property Features for 301 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
- Security features
- Security System
- Window features
- Blinds, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- APN
- R332828
- Size
- 1,500 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Putty Ross Blk 1 L 3B
- Tax Annual Amount
- 2649
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2018
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Board & Batten Siding
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Legendary Dreams Realty, Inc.
(806) 239-6441
7207 N CR 1440, Shallowater, TX
Listed by
Kyle Watts · License #0505515
(806) 239-6441
Added: May 6 Checked: Jul 18 at 9:06 am
MLS# 202606085
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale duplex includes Units A and B. Both units are currently rented, providing an established residential income setup. The property consists of a total of 1,500 square feet, and it sits on a 0.15-acre lot. Leases are in place for both units, with expiration dates in September and November.
The duplex is located at 301 36th Street in Lubbock, Texas 79404, in Lubbock County. The listing indicates that other duplexes in the same area are renting for $950 per month and are described as being in the same condition. Buyers should confirm all details directly with the listing agent.
For prospective investors or owner-occupants, this duplex offers a two-unit structure with rental activity already underway. The staggered lease expirations can support planning for future occupancy changes, renewals, or re-leasing depending on tenant decisions at the end of each term. The seller states they will consider carrying the note or the assumption of the owner’s current loan at a 3.5% rate, with cash equity paid at closing. For more information on current rents, terms, and next steps, contact the listing agent.
The duplex is located at 301 36th Street in Lubbock, Texas 79404, in Lubbock County. The listing indicates that other duplexes in the same area are renting for $950 per month and are described as being in the same condition. Buyers should confirm all details directly with the listing agent.
For prospective investors or owner-occupants, this duplex offers a two-unit structure with rental activity already underway. The staggered lease expirations can support planning for future occupancy changes, renewals, or re-leasing depending on tenant decisions at the end of each term. The seller states they will consider carrying the note or the assumption of the owner’s current loan at a 3.5% rate, with cash equity paid at closing. For more information on current rents, terms, and next steps, contact the listing agent.
Key Highlights
- Duplex with Units A & B, currently rented at $725/month each
- Year built 2018 with board & batten siding and a composition roof
- Central heating and central air with electric system plus ceiling fans
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.4k | $12.90 |
| − OpEx | −$5.8k | −$3.87 |
| NOI | $13.5k | $9.03 |
1,500 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two rented units, with leases expiring in September and November, offering straightforward income continuity and turnover planning.
Where is this duplex located?
The property is located at 301 36th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Duplex with Units A & B, currently rented at $725/month each; Year built 2018 with board & batten siding and a composition roof; Central heating and central air with electric system plus ceiling fans
