Duplex on Corner
For Sale
$315,000
3102 110th Street, Lubbock, TX 79423
Well-maintained duplex with open-concept living areas, fireplaces, and 2-car garages, with Unit A occupied and Unit B vacant.
Days on Market106
Property Features for 3102 110th Street
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multi Family
Occupancy
50%
Additional Details
Multifamily Units
2
Building Details
Building Size
2,357 SF
Year Built
2003
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeService
(806) 252-4451
Listed By:
Malgorzata Surowiec · License #0697937
(806) 252-4451
Source:
Lubbockhomemarket
Added: Apr 18
Changed: Jul 26
Last Checked: Aug 1 at 12:43PM
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
Investment Insights
Based on property information with market context.
This well-maintained duplex offers an open-concept layout in both units, including a cozy fireplace in the living area. Side B has new flooring, and each unit is complemented by a 2-car garage. Unit A is currently occupied, creating immediate rental income, while Unit B is vacant for owner-occupancy or lease-up flexibility.
The property is located on a corner lot in a quiet cul-de-sac between Indiana Avenue and Flint Ave. It’s positioned near shopping, dining, and everyday essentials, and is just a few blocks from Lubbock-Cooper North Elementary.
According to the provided information, rents are $1,200–$1,400 per unit, supporting a projected $2,400–$2,800 per month once fully leased, or approximately $28,800–$33,600 annually. There is no HOA.
The property is located on a corner lot in a quiet cul-de-sac between Indiana Avenue and Flint Ave. It’s positioned near shopping, dining, and everyday essentials, and is just a few blocks from Lubbock-Cooper North Elementary.
According to the provided information, rents are $1,200–$1,400 per unit, supporting a projected $2,400–$2,800 per month once fully leased, or approximately $28,800–$33,600 annually. There is no HOA.
Key Highlights
- Well‑maintained duplex built in 2003 with open‑concept layouts in each unit
- Unit A is currently occupied for immediate rental income; Unit B is vacant for owner‑occupancy or lease‑up
- Each unit includes a living area fireplace and a 2‑car garage
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 | $32.5k | $13.80 |
| − Vacancy | −$2.1k | −$0.90 |
| EGI | $30.4k | $12.90 |
| − OpEx | −$9.1k | −$3.87 |
| NOI | $21.3k | $9.03 |
2,357 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,289 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$273.1K
$238.9K – $318.6K
NOI $19,115 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$594.2K
$519.9K – $693.2K
NOI $41,594 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with open-concept living areas, fireplaces, and 2-car garages, with Unit A occupied and Unit B vacant.
Where is this duplex located?
The property is located at 3102 110th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 2003 with open‑concept layouts in each unit; Unit A is currently occupied for immediate rental income; Unit B is vacant for owner‑occupancy or lease‑up; Each unit includes a living area fireplace and a 2‑car garage
