3110 109th Street Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
- Added:
- May 25, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 14 at 6:06 am
Property Features for 3110 109th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1
- Parking features
- Garage
- Interior features
- Ceiling Fan(s), Open Floorplan
- Exterior features
- Private Yard
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Range, Microwave
- Standard status
- Active
- APN
- R173575
- Size
- 3,186 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Cooper Stone L 26
- Tax Annual Amount
- 6881
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Number of units
- 2
- Flooring type
- Tile, Vinyl, Carpet
- Building materials
- Brick
- Roof type
- Composition
Listing agent Jennifer McCormick License #0689235 (432) 955-4897
Listing office Home Grown Real Estate Co. 150 W FM 2306, Levelland, TX (432) 955-4897
Listing date May 25, 2026
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.
The property includes multiple improvements completed over the years. A new 30-year roof was installed in 2020, along with all new aluminum windows. Exterior updates include new 29-gauge steel embossed fascia and new aluminum porch ceilings, plus updated garage door facings with 29-gauge steel wrap. Additional upgrades include replacement fencing and gates for Unit B in 2019, a new HVAC system installed in 2021, and new fencing with gates added to Unit A in 2025.
For owner-occupants or investors, the layout supports duplex living or dual rental income, with one side ready immediately and the other side providing continued occupancy until the lease expiration. The recent capital improvements and ongoing exterior maintenance can help reduce near-term repair concerns while supporting stable operation of the property.
Key Highlights
- Duplex with approx. 1,593 SF per unit and open floorplans on both sides
- Unit B is vacant and move‑in ready; Unit A is occupied by a long‑term tenant with lease ending June 30
- Major updates include a new 30‑year roof installed in 2020 and all new aluminum windows
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 | $44.0k | $13.80 |
| − Vacancy | −$2.9k | −$0.90 |
| EGI | $41.1k | $12.90 |
| − OpEx | −$12.3k | −$3.87 |
| NOI | $28.8k | $9.03 |
