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    Refurbished Duplex Income Property Title is generated by Realmo AI

    3301 Avenue M, Lubbock, TX 79411

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    Claim this Listing
    For Sale
    $209,900

    MULTI_FAMILY - Ranch - Lubbock, TX

    Type:Single Family Residence
    Property size:
    1,761 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $119/SF
    Added:
    May 8, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 28 at 1:06 am

    Property Features for 3301 Avenue M

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3
    Parking features
    Driveway
    Window features
    Double Pane Windows, Screens
    Interior features
    Granite Counters
    Appliances
    Dishwasher, Disposal, Electric Oven, Microwave, Refrigerator, Stainless Steel Appliance(s)
    Standard status
    Active
    APN
    R86527
    Size
    1,761 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    Summer Hill Blk 6 L 7
    Tax Annual Amount
    3150

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Number of units
    2
    Flooring type
    Tile - Ceramic
    Building materials
    Wood Siding
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Contact an agent
    Jim Tidwell

    Listing agent Jim Tidwell License #0559996

    Listing office Caprock Realty 2613 Ridge Road, Lubbock, TX

    Listing date May 8, 2026

    MLS# 202606140 Listing URL

    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

    • Newer ranch duplex built in 2022
    • Ceramic tile flooring throughout
    • Granite counters in the interior
    • Stainless steel kitchen appliances include refrigerator, dishwasher, electric oven, and microwave
    • Central heating and central A/C
    • Driveway parking and metal fence

    Overview

    This newer duplex is set up as a residential income property and has been recently refurbished with fresh paint and updated appliances. The unit features ceramic tile floors and includes a new refrigerator, dishwasher, stove, and microwave. Additional exterior details include a metal fence, and the home is equipped with cold A/C. The property size is listed at 1,761 square feet, sitting on a 0.16-acre lot.

    The duplex is located at 3301 Avenue M in Lubbock, Texas 79411, within Lubbock County. It is being offered for sale as part of an investor-focused listing, highlighting the move-in-ready condition and practical updates intended to support ongoing rental use.

    For buyers seeking a residential income asset, this duplex offers a straightforward two-unit structure with interior upgrades already in place, including the appliance package and fresh cosmetic improvements. Prospective tenants and operators may appreciate the presence of cold A/C and tile flooring for day-to-day livability and maintenance. With the home presented as recently refurbished, it may fit well for an investor looking to acquire a duplex that is ready to be added to a rental portfolio.

    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 $24.3k $13.80
    − Vacancy −$1.6k −$0.90
    EGI $22.7k $12.90
    − OpEx −$6.8k −$3.87
    NOI $15.9k $9.03
    1,761 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $227.2K
    $198.8K – $265.1K (±1% cap)
    NOI $15,906 @ 7.0% cap · market cap 7.58%
    Second Best
    Apartment 5plus
    $204.0K
    $178.5K – $238.0K (±1% cap)
    NOI $14,282 @ 7.0% cap · market cap 6.80%
    Theoretical Best
    Office A
    $444.0K
    $388.5K – $518.0K (±1% cap)
    NOI $31,077 @ 7.0% cap · market cap 14.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.849244
    Latitude
    33.564167

    FAQs

    What type of property is this?
    Duplex - Newly refurbished duplex with ceramic tile floors, cold A/C, and updated kitchen appliances, suited for residential rental use.
    Where is this duplex located?
    The property is located at 3301 Avenue M Lubbock, TX.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: Newer ranch duplex built in 2022; Ceramic tile flooring throughout; Granite counters in the interior
    More about this property
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