332 37th Street, Lubbock, TX 79404
MULTI_FAMILY - Other - Lubbock, TX
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 3:06 pm
Property Features for 332 37th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Parking features
- Off Street
- Window features
- Blinds
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, Formica Counters, Natural Woodwork, Open Floorplan
- Appliances
- Electric Range, Washer/Dryer
- Standard status
- Active
- APN
- R54332
- Size
- 1,500 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Putty Ross Blk 1 L 20E
- Tax Annual Amount
- 1731
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2017
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Plank
- Building materials
- Board & Batten Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Kristi Sherrard License #0746574 (806) 441-3613
Listing office WestMark Companies 4105 84th Street, Lubbock, TX (806) 794-6000
Listing date Jun 9, 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
- Duplex built in 2017 with two 3‑bedroom, 1‑bath units
- Open floorplan living and dining areas in each unit
- Cabin‑style wood cabinetry and formica counters in the kitchens
- Central heating and central air with electric (heating) and electric cooling
- Off‑street parking and low‑maintenance board & batten siding with a composition roof
- Public water and public sewer; includes electric range plus washer/dryer
Overview
The duplex is located at 332 37th Street in Lubbock, Texas 79404, with a lot size of 0.16 acres. Based on the current status described in the remarks, one side is leased while the other side is move-in ready for tenants. That availability can simplify planning for investors and operators looking to manage occupancy across both units.
For buyers seeking residential income, the unit mix and repeatable 3-bedroom/1-bath layouts can support consistent leasing and tenant expectations. For owner-occupants, the move-in ready side provides a practical option to live in one unit while the other side remains leased, using the property’s two separate units to support day-to-day housing needs with low-maintenance ownership.
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
- -101.839115
- Latitude
- 33.561151
