Two-Unit Duplex with
For Sale
$275,000
3309 74th St, Lubbock, TX 79423
Vaulted living rooms, upper-level lofts, and private balconies distinguish both residences.
Property Size2,825 SF
Price / SF$97.35
Days on Market9
Property Features for 3309 74th St
General Information
Standard status
Active
Size
2,825 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Amenities
fireplace
vaulted ceiling
loft
wet bar
private balcony
fenced backyard
mature trees
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Aycock Realty Group, LLC
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 9 at 7:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aycock Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 1978, this 2,825-square-foot duplex contains two mirror-image residences of approximately 1,400 square feet each. Both offer two bedrooms and two bathrooms, with a vaulted living room, painted-brick fireplace, loft, and private balcony. The kitchens feature white cabinetry, wraparound counters, mosaic tile backsplashes, stainless dishwashers, and double wall ovens. A step-up dining area connects to a fenced backyard, and each unit has a wet bar, walk-in closet storage, and a two-car garage.
Unit A is leased through January 2027; Unit B is vacant. The property is at 3309 74th St in Lubbock, on a tree-lined stretch of South Lubbock.
Unit A is leased through January 2027; Unit B is vacant. The property is at 3309 74th St in Lubbock, on a tree-lined stretch of South Lubbock.
Key Highlights
- Two mirror‑image units, each with 2 bedrooms and 2 baths
- 2,825 square feet total; approximately 1,400 square feet per unit
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,911
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,220
$458.2K
Cap Rate 7%
$327,300
$327.3K
Cap Rate 9%
$254,567
$254.6K
Market Conditions
NOI Build-Up for 2,825 SF
Gross rent
$44.4K $15.72/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$41.7K $14.75/SF
− OpEx
−$18.7K −$6.64/SF
NOI
$22.9K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,220
Cap Rate 7%
$327,300
Cap Rate 9%
$254,567
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,516 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$327.3K
$286.4K – $381.9K
NOI $22,911 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K
NOI $49,853 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,545
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vaulted living rooms, upper-level lofts, and private balconies distinguish both residences.
Where is this duplex located?
The property is located at 3309 74th St Lubbock, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two mirror‑image units, each with 2 bedrooms and 2 baths; 2,825 square feet total; approximately 1,400 square feet per unit; Built in 1978
