New-Build Duplex with Attached
For Sale
$429,000
3107 - 3109 74th Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size1,627 SF
Lot Size0.06 Acres
Price / SF$263.68
Days on Market160
Property Features for 3107 - 3109 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Garage
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
7
Standard status
Active
APN
R134252
Size
1,627 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
J F I L 14
Tax Annual Amount
3847
Legal Description
J F I L 14
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
modern finishes
open-concept layouts
washer/dryer hookups
private yards
attached garages
Building Details
Year built
2023
Building materials
Brick
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Michael Norsworthy · License #0799136
(214) 709-3095
Added: May 7
Changed: Oct 2
Last Checked: Oct 13 at 4:06PM
MLS# 202606143
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.
Constructed in 2023, this brick duplex contains two separate three-bedroom, two-bath residences, each measuring around 1,600 square feet. Both units feature open-concept interiors, contemporary finishes, washer and dryer hookups, private yards, and attached garages. Natural gas heating and electric central air conditioning serve the property.
The duplex is located in Lubbock's Waters neighborhood at 3107–3109 74th Street. Schools, parks, and shopping are nearby, with access to major roads from the property. Both residences are currently leased, providing an established occupancy profile for the asset. The 0.06-acre property combines a compact site with two individually configured homes and garage parking.
The duplex is located in Lubbock's Waters neighborhood at 3107–3109 74th Street. Schools, parks, and shopping are nearby, with access to major roads from the property. Both residences are currently leased, providing an established occupancy profile for the asset. The 0.06-acre property combines a compact site with two individually configured homes and garage parking.
Key Highlights
- Two‑unit duplex with each residence offering 3 beds and 2 baths
- Each unit measures around 1,600 sq ft
- Constructed in 2023 with brick exterior materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,695
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,900
$293.9K
Cap Rate 7%
$209,929
$209.9K
Cap Rate 9%
$163,278
$163.3K
Market Conditions
NOI Build-Up for 1,627 SF
Gross rent
$22.5K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.0K $12.90/SF
− OpEx
−$6.3K −$3.87/SF
NOI
$14.7K $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%
$293,900
Cap Rate 7%
$209,929
Cap Rate 9%
$163,278
Alternative Uses
Best Use
Multifamily LT 5
$209.9K
$183.7K – $244.9K
NOI $14,695 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$410.2K
$358.9K – $478.5K
NOI $28,712 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,726
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer modern finishes, private yards, and convenient access to schools, parks, shopping, and major roads.
Where is this duplex located?
The property is located at 3107 - 3109 74th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex with each residence offering 3 beds and 2 baths; Each unit measures around 1,600 sq ft; Constructed in 2023 with brick exterior materials
