Duplex with In-Place
New
For Sale
$325,000
3110 109th Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size3,186 SF
Lot Size0.17 Acres
Price / SF$102.01
Days on Market6
Property Features for 3110 109th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Garage
Interior features
Ceiling Fan(s), Open Floorplan
Exterior features
Private Yard
Fireplace
1
Appliances
Dishwasher, Electric Range, Microwave
Lot features
Back Yard
Elementary school
Lubbock-Cooper North
Middle school
Lubbock-Cooper Bush
High school
Cooper
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Directions
GPS will take you there.
Subdivision
7
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
Legal Description
Cooper Stone L 26
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Home Grown Real Estate Co.
Listed By:
Jennifer McCormick · License #0689235
(432) 955-4897
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 13 at 5:06PM
MLS# 202613882
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.
This 3,186-square-foot brick duplex, built in 2005, contains two residences of approximately 1,593 square feet each on a 0.17-acre lot. Both units have open floor plans, bedrooms with oversized primary closets, and garage parking. Interior finishes include vinyl, tile, and carpet flooring; kitchens are equipped with dishwashers, electric ranges, and microwaves. Central HVAC serves the units, and each has a private yard.
Both residences are leased. Unit A’s lease runs through April 30, 2027; Unit B has a one-year lease that began in September 2026. Improvements include a roof installed in 2020, a new HVAC system in 2021, aluminum windows, steel fascia, aluminum porch ceilings, and updated garage door facings. Unit B fencing and gates were replaced in 2019, with Unit A fencing and gates updated in 2025.
Both residences are leased. Unit A’s lease runs through April 30, 2027; Unit B has a one-year lease that began in September 2026. Improvements include a roof installed in 2020, a new HVAC system in 2021, aluminum windows, steel fascia, aluminum porch ceilings, and updated garage door facings. Unit B fencing and gates were replaced in 2019, with Unit A fencing and gates updated in 2025.
Key Highlights
- Two leased residences, each approximately 1,593 square feet
- 3,186‑square‑foot brick duplex on a 0.17‑acre lot
- Unit A lease runs through April 30, 2027; Unit B has a one‑year lease beginning September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,776
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,520
$575.5K
Cap Rate 7%
$411,086
$411.1K
Cap Rate 9%
$319,733
$319.7K
Market Conditions
NOI Build-Up for 3,186 SF
Gross rent
$44.0K $13.80/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$41.1K $12.90/SF
− OpEx
−$12.3K −$3.87/SF
NOI
$28.8K $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%
$575,520
Cap Rate 7%
$411,086
Cap Rate 9%
$319,733
Alternative Uses
Best Use
Multifamily LT 5
$411.1K
$359.7K – $479.6K
NOI $28,776 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$369.1K
$323.0K – $430.6K
NOI $25,838 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$803.2K
$702.8K – $937.1K
NOI $56,224 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately leased residences offer open layouts, garages, and private outdoor space.
Where is this duplex located?
The property is located at 3110 109th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two leased residences, each approximately 1,593 square feet; 3,186‑square‑foot brick duplex on a 0.17‑acre lot; Unit A lease runs through April 30, 2027; Unit B has a one‑year lease beginning September 2026
