Duplex with Two 2-Bed
3309 74th Street Lubbock, TX 79423
3309 74th Street, Lubbock, TX, 79423
$292,000
For Sale
$292,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,825 SF
Lot Size0.18 Acres
Price / SF$103.36
Days on Market33
Property Features for 3309 74th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2
- Parking features
- Open, Alley, Garage, Driveway
- 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
- Natural Gas, Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Thrive Real Estate
(806) 243-9560
5211 13th Street, Lubbock, TX
Listed by
Dana Brown · License #0640988
(806) 831-3499
Added: Jun 15 Checked: Jul 17 at 10:06 am
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.
Investment Insights
Based on property information with market context.
This duplex includes two 2-bedroom, 2-bath studio-style units with an open-concept design and loft bedroom overlooking the main living area. Each unit has a downstairs primary bedroom, a balcony, and a wet bar area, along with distinctive architectural character.
One side is currently occupied at $1,250 per month and has a lease in place through January 2027, providing immediate rental income. The second unit offers flexibility for owner-occupancy or additional rental income.
The property is located in Lubbock, Texas, conveniently near shopping, dining, and local amenities.
One side is currently occupied at $1,250 per month and has a lease in place through January 2027, providing immediate rental income. The second unit offers flexibility for owner-occupancy or additional rental income.
The property is located in Lubbock, Texas, conveniently near shopping, dining, and local amenities.
Key Highlights
- Duplex built in 1978 with brick construction and a composition roof
- Each unit features a downstairs primary bedroom plus an open‑concept layout and a balcony
- Wet bar areas and ceiling fans in each unit; vaulted ceilings in the interior features
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 8.74%
Second Best
Apartment 5plus
$327.3K
$286.4K – $381.9K
NOI $22,911 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K
NOI $49,853 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 2-bath units, each featuring an open-concept layout, balcony, and wet bar area.
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 $292,000.
What are key features of this property?
This property features: Duplex built in 1978 with brick construction and a composition roof; Each unit features a downstairs primary bedroom plus an open‑concept layout and a balcony; Wet bar areas and ceiling fans in each unit; vaulted ceilings in the interior features
