Duplex with Two-Car
For Sale
$335,000
3114 111th Street, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
Property Size2,663 SF
Lot Size0.35 Acres
Price / SF$125.80
Days on Market163
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 1, Bathroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 6
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
Taxes and HOA fees
Tax Description
Cooper Stone L 88
Tax Annual Amount
6095
Legal Description
Cooper Stone L 88
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Building Details
Year built
2005
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Steadfast Realty, LLC
(806) 451-4767
Listed By:
Jim Archer · License #0693553
(806) 786-4407
Added: Feb 19
Changed: Jul 31
Last Checked: Aug 1 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units, currently fully leased. Each unit is a 3-bedroom, 2-bath layout with a full 2-car garage, providing two complete homes under one ownership structure. The homes include interior features such as recessed lighting, ceiling fans, a pantry, and walk-in closets, along with appliances including a dishwasher, electric oven, and microwave.
Set on a 0.35-acre lot, the property totals 2,663 square feet and was built in 2005. Brick construction and a composition roof support the exterior, with heating provided by natural gas central systems and cooling via central electric air conditioning. The duplex also includes a porch, fenced areas, and at least one fireplace. Interior finishes include vinyl, carpet, and tile flooring.
Located in South Lubbock within Lubbock Cooper ISD, the property benefits from an established demand profile supported by current residential occupancy and professional management.
Set on a 0.35-acre lot, the property totals 2,663 square feet and was built in 2005. Brick construction and a composition roof support the exterior, with heating provided by natural gas central systems and cooling via central electric air conditioning. The duplex also includes a porch, fenced areas, and at least one fireplace. Interior finishes include vinyl, carpet, and tile flooring.
Located in South Lubbock within Lubbock Cooper ISD, the property benefits from an established demand profile supported by current residential occupancy and professional management.
Key Highlights
- Duplex is currently fully leased with both units occupied
- Two 3‑bedroom, 2‑bath units; each unit includes a full two‑car garage
- 2,663 SF duplex on a 0.35‑acre lot
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 | $36.7k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $34.4k | $12.90 |
| − OpEx | −$10.3k | −$3.87 |
| NOI | $24.1k | $9.03 |
2,663 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,597 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$671.3K
$587.4K – $783.2K
NOI $46,994 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
141
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 - Fully leased duplex in South Lubbock with two 3-bedroom, 2-bath units, each with a full two-car garage.
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 $335,000.
What are key features of this property?
This property features: Duplex is currently fully leased with both units occupied; Two 3‑bedroom, 2‑bath units; each unit includes a full two‑car garage; 2,663 SF duplex on a 0.35‑acre lot
