Duplex with Open-Concept
For Sale
$299,000
3102 110th St, Lubbock, TX 79423
Occupied two-unit property with fireplaces, updated flooring in one unit, and attached two-car garages.
Property Size2,357 SF
Price / SF$126.86
Days on Market64
Property Features for 3102 110th St
General Information
Standard status
Active
Size
2,357 SF
Property subtype
Multi-Family
Building Details
Year Built
2003
Listing Agency:
Berkshire Hathaway HomeService
Listed By:
Malgorzata Surowiec · License #0697937
(806) 252-4451
Source:
Raftercrossrealty
Added: Aug 15
Changed: Oct 10
Last Checked: Oct 7 at 5:29PM
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 Berkshire Hathaway HomeService
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Investment Insights
Based on property information with market context.
Built in 2003, this 2,357-square-foot duplex includes two occupied units, each arranged with an open-concept living layout, a fireplace, and a two-car garage. Side B has new flooring, providing a documented interior update within the property’s unit configuration.
The property occupies a corner lot in a quiet cul-de-sac at 3102 110th St in Lubbock, Texas. It is positioned between Indiana Avenue and Flint Avenue, with shopping, dining, and everyday services nearby. Lubbock-Cooper North Elementary is located a few blocks away.
Both units are currently occupied, and the property has no HOA. The combination of two residential units, garage capacity, fireplaces, and an updated floor finish in Side B provides a clear overview of the existing improvements.
The property occupies a corner lot in a quiet cul-de-sac at 3102 110th St in Lubbock, Texas. It is positioned between Indiana Avenue and Flint Avenue, with shopping, dining, and everyday services nearby. Lubbock-Cooper North Elementary is located a few blocks away.
Both units are currently occupied, and the property has no HOA. The combination of two residential units, garage capacity, fireplaces, and an updated floor finish in Side B provides a clear overview of the existing improvements.
Key Highlights
- 2,357‑square‑foot duplex built in 2003
- Both units are currently occupied
- New flooring installed in Side B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,289
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,780
$425.8K
Cap Rate 7%
$304,129
$304.1K
Cap Rate 9%
$236,544
$236.5K
Market Conditions
NOI Build-Up for 2,357 SF
Gross rent
$32.5K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$30.4K $12.90/SF
− OpEx
−$9.1K −$3.87/SF
NOI
$21.3K $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%
$425,780
Cap Rate 7%
$304,129
Cap Rate 9%
$236,544
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,289 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$273.1K
$238.9K – $318.6K
NOI $19,115 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$594.2K
$519.9K – $693.2K
NOI $41,594 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
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Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with fireplaces, updated flooring in one unit, and attached two-car garages.
Where is this duplex located?
The property is located at 3102 110th St Lubbock, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,357‑square‑foot duplex built in 2003; Both units are currently occupied; New flooring installed in Side B
