Duplex with Attached
New
For Sale
$415,000
3115 - 3117 74th Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size1,627 SF
Lot Size0.06 Acres
Price / SF$255.07
Days on Market1
Property Features for 3115 - 3117 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 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
R134359
Size
1,627 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
J F I L 18
Tax Annual Amount
3847
Legal Description
J F I L 18
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
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: Oct 7
Last Checked: Oct 7 at 11:06PM
MLS# 202613851
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.
Completed in 2023, this brick duplex contains two three-bedroom, two-bathroom residences. Both units have open-concept layouts, washer and dryer hookups, private yards, and attached garages. Natural gas heating and central air conditioning serve the property.
The duplex is located at 3115–3117 74th Street in Lubbock. Both residences are currently leased. The property information identifies nearby schools, parks, shopping, and access to major roads as part of the surrounding area.
The duplex is located at 3115–3117 74th Street in Lubbock. Both residences are currently leased. The property information identifies nearby schools, parks, shopping, and access to major roads as part of the surrounding area.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Both units currently leased
- Built in 2023 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,695
Cap Rate
3.54%
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 3.54%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$410.2K
$358.9K – $478.5K
NOI $28,712 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,525
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 residences each offer three bedrooms, two bathrooms, and private outdoor space.
Where is this duplex located?
The property is located at 3115 - 3117 74th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Both units currently leased; Built in 2023 with brick construction
