Duplex with Two 2BR
3309 74th Street, Lubbock, TX 79423
New
MULTI_FAMILY - Other - Lubbock, TX
Property size:
2,825 SFLot size:
0.18 AcresPrice / SF:
$109/SF- Added:
- Jun 15, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 17 at 12:06 am
Property Features for 3309 74th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 4
- Parking features
- Garage, Alley, Driveway, Open
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Bar, Ceiling Fan(s), Formica Counters, Primary Downstairs, Vaulted Ceiling(s), Wet Bar
- Exterior features
- Balcony
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Microwave, Refrigerator
- Standard status
- Active
- APN
- R125645
- Size
- 2,825 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Melonie Gardens W54.51' Of L 27 & E19.62' Of 28
- Tax Annual Amount
- 4040
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Dana Brown License #0640988 (806) 831-3499
Listing office Thrive Real Estate 4537 34th Street, Lubbock, TX (806) 243-9560
Listing date Jun 15, 2026
MLS# 202608188
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
- Duplex with two 2‑bedroom, 2‑bath studio‑style units
- One unit leased at $1,250/month with lease through January 2027
- Each unit features a downstairs primary bedroom, wet bar area, and balcony
- Brick construction with vaulted ceilings and a fireplace (fireplaceYN: true)
- Central heating (natural gas) and central air; ceiling fans in the home
- Garage, driveway, and alley parking; fenced property; public water and public sewer
Overview
This duplex includes two spacious 2-bedroom, 2-bath studio-style units designed with an open-concept layout and distinctive architectural character. Each unit features a downstairs primary bedroom, a loft bedroom overlooking the main living area, and a balcony. Additional in-unit elements include a wet bar area, supporting an efficient layout suited to everyday living.
Located at 3309 74th Street in Lubbock, the property is described as being convenient to nearby shopping, dining, and local amenities. The lot size is listed at 0.18 acres, and the property size is provided as 2,825 square feet.
For investors, one side is currently occupied at $1,250 per month, with a lease in place through January 2027, providing immediate rental income based on the existing tenancy. The second unit offers flexibility for an owner-occupant or for continued rental use, depending on the buyer’s operating plan. Total investment size and living configuration make this duplex a practical option for those looking for a small, manageable rental property with two independently usable residences.
Located at 3309 74th Street in Lubbock, the property is described as being convenient to nearby shopping, dining, and local amenities. The lot size is listed at 0.18 acres, and the property size is provided as 2,825 square feet.
For investors, one side is currently occupied at $1,250 per month, with a lease in place through January 2027, providing immediate rental income based on the existing tenancy. The second unit offers flexibility for an owner-occupant or for continued rental use, depending on the buyer’s operating plan. Total investment size and living configuration make this duplex a practical option for those looking for a small, manageable rental property with two independently usable residences.
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 | $39.0k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.5k | $12.90 |
| − OpEx | −$10.9k | −$3.87 |
| NOI | $25.5k | $9.03 |
2,825 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,516 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$327.3K
$286.4K – $381.9K
NOI $22,911 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K
NOI $49,853 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.886923
- Latitude
- 33.526406
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 2-bath studio-style units, one leased through January 2027, offering flexible occupancy options.
Where is this duplex located?
The property is located at 3309 74th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 2‑bath studio‑style units; One unit leased at $1,250/month with lease through January 2027; Each unit features a downstairs primary bedroom, wet bar area, and balcony
