Brick Duplex with Rear-Entry
306 N Clinton Avenue, Lubbock, TX 79416
For Sale
New
$273,000
Residential Income, Lubbock, TX
Property Size2,870 SF
Lot Size0.18 Acres
Price / SF$95.12
Days on Market2
Property Features for 306 N Clinton Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
Exit Realty of Lubbock
(806) 771-3900
Listed By:
Andy Gerron · License TX #0535278
(806) 241-2093
Added: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 202615119
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.
Built in 2003, this brick duplex contains 2,870 square feet on a 0.18-acre lot. The property has a rear-entry, two-car garage. Both units are all-electric, and one is vacant with new interior paint and flooring.
Interior features include walk-in closets, a utility room, pantry, and storage. The building also has central heating and air conditioning, a patio, and fenced grounds.
Interior features include walk-in closets, a utility room, pantry, and storage. The building also has central heating and air conditioning, a patio, and fenced grounds.
Key Highlights
- 2,870‑square‑foot duplex on a 0.18‑acre lot
- Built in 2003 with brick construction
- Rear‑entry garage with two‑car capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,276
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,520
$465.5K
Cap Rate 7%
$332,514
$332.5K
Cap Rate 9%
$258,622
$258.6K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$45.1K $15.72/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$42.3K $14.75/SF
− OpEx
−$19.0K −$6.64/SF
NOI
$23.3K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,520
Cap Rate 7%
$332,514
Cap Rate 9%
$258,622
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.0K – $432.0K
NOI $25,922 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$332.5K
$291.0K – $387.9K
NOI $23,276 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$723.5K
$633.1K – $844.1K
NOI $50,647 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
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Market
Average Price Trend$/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 - The vacant residence has new interior paint and flooring, while both units are described as all-electric.
Where is this duplex located?
The property is located at 306 N Clinton Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $273,000.
What are key features of this property?
This property features: 2,870‑square‑foot duplex on a 0.18‑acre lot; Built in 2003 with brick construction; Rear‑entry garage with two‑car capacity
