Three-Bedroom Duplex with
For Sale
$329,900
3114 111th Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size2,663 SF
Lot Size0.35 Acres
Price / SF$123.88
Days on Market255
Property Features for 3114 111th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 4
Parking features
Garage
Window features
Blinds
Patio and Porch features
Porch
Interior features
Breakfast Bar, Ceiling Fan(s), Pantry, Recessed Lighting, Walk-In Closet(s)
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Electric Oven, Microwave
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 is accurate.
Subdivision
7
Standard status
Active
APN
R173638
Size
2,663 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Cooper Stone L 88
Tax Annual Amount
6095
Legal Description
Cooper Stone L 88
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
2005
Number of units
2
Flooring type
Carpet, Vinyl, Tile
Building materials
Brick
Roof type
Composition
Buildings
1
Listing Agency:
Steadfast Realty, LLC
(806) 451-4767
Listed By:
Jim Archer · License #0693553
(806) 786-4407
Added: Feb 19
Changed: Oct 29
Last Checked: Nov 1 at 1:06PM
MLS# 202602266
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.
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Investment Insights
Based on property information with market context.
This 2005 brick duplex contains two three-bedroom, two-bathroom units within a 2,663-square-foot property. Each residence includes a full two-car garage, porch, fenced outdoor area, breakfast bar, pantry, recessed lighting, and walk-in closets. Interior finishes combine luxury vinyl plank flooring in the main areas with carpet and tile, while central heating and cooling support year-round comfort. Additional features include fireplaces, dishwashers, electric ovens, and microwaves.
The property occupies 0.35 acres in South Lubbock and is served by Lubbock Cooper ISD. Both units are fully leased and professionally managed, offering an established duplex configuration under one ownership structure.
The property occupies 0.35 acres in South Lubbock and is served by Lubbock Cooper ISD. Both units are fully leased and professionally managed, offering an established duplex configuration under one ownership structure.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units
- 2,663 square feet on 0.35 acres
- Each unit includes a full 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,052
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,040
$481.0K
Cap Rate 7%
$343,600
$343.6K
Cap Rate 9%
$267,244
$267.2K
Market Conditions
NOI Build-Up for 2,663 SF
Gross rent
$36.7K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.4K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.1K $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%
$481,040
Cap Rate 7%
$343,600
Cap Rate 9%
$267,244
Alternative Uses
Best Use
Multifamily LT 5
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,597 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$671.3K
$587.4K – $783.2K
NOI $46,994 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
154
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with two matching residential units, private garages, and durable luxury vinyl plank flooring in the main living areas.
Where is this duplex located?
The property is located at 3114 111th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units; 2,663 square feet on 0.35 acres; Each unit includes a full 2‑car garage
