Duplex for Residential
332 37th Street Lubbock, TX 79404
332 37th Street, Lubbock, TX, 79404
$160,000
For Sale
$160,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size1,500 SF
Lot Size0.16 Acres
Price / SF$106.67
Days on Market40
Property Features for 332 37th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, 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
- Electric, Central Air
- 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 Agency
WestMark Companies
(806) 794-6000
4105 84th Street, Lubbock, TX
Listed by
Kristi Sherrard · License #0746574
(806) 441-3613
Added: Jun 9 Checked: Jul 18 at 9:06 am
MLS# 202607924
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 well-maintained duplex includes two spacious units, each featuring three bedrooms, one bathroom, and an open concept living and dining area designed for everyday flow. Both units have kitchens with cabin-style wood cabinetry and ample workspace. The property is configured as a true duplex, offering separate living spaces under one roof for flexible residential income or mixed-use occupancy.
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.
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.
Key Highlights
- 2017‑built duplex with two units, each offering 3 bedrooms and 1 bathroom
- Open floorplan living and dining areas in each unit
- Kitchens feature cabin‑style wood cabinetry and eat‑in kitchen space
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 |
1,500 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,471 @ 7.0% cap · market cap 16.54%
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 - Two-unit duplex with 3-bedroom/1-bath layouts and separate availability, supporting straightforward owner-occupant or rental use.
Where is this duplex located?
The property is located at 332 37th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2017‑built duplex with two units, each offering 3 bedrooms and 1 bathroom; Open floorplan living and dining areas in each unit; Kitchens feature cabin‑style wood cabinetry and eat‑in kitchen space
