326 37th Street, Lubbock, TX 79404
MULTI_FAMILY - Other - Lubbock, TX
- Added:
- Jan 21, 2026
- Days on Market:
- 148
- Last Refresh:
- Jun 18 at 7:06 am
Property Features for 326 37th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
- Security features
- Security System
- Window features
- Blinds, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Standard status
- Active
- APN
- R331070
- Size
- 1,500 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- Putty Ross Blk 1 L 20B
- Tax Annual Amount
- 2608
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2017
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Board & Batten Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Kyle Watts License #0505515 (806) 239-6441
Listing office Legendary Dreams Realty, Inc. 7207 N CR 1440, Shallowater, TX (806) 239-6441
Listing date Jan 21, 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.
HighLights
- 2017‑built investment property with 2 units (Units A & B) both currently rented
- Units A & B are rented for $950 per month
- Central heating and central air conditioning with ceiling fans
- Board & batten siding with a composition roof
- Laminate flooring and cable available; public water and public sewer
- Can be purchased as a packaged deal with 2 additional units: 215 36th A&B and 217 36th A&B
Overview
The property is located at 326 37th Street in Lubbock, Texas 79404, in Lubbock County. The listing also notes the option to purchase as part of a packaged deal that includes two additional units: 215 36th A & B and 217 36th A & B. For buyers seeking to add more homes in a related set, that structure may simplify acquisition.
For investors, the immediate occupancy of both duplex units can be a key consideration when looking for a property already generating rental income. For owner-users, the duplex format supports a two-unit living and renting approach, while still maintaining a clear, single-building scope. Interested parties should contact the listing agent for more information and to confirm details for Units A and B.
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.4k | $12.90 |
| − OpEx | −$5.8k | −$3.87 |
| NOI | $13.5k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.83869
- Latitude
- 33.561107
