Fully Leased Duplex
For Sale
$210,000
3417 & 3419 Hyden, Lubbock, TX 79407
Fully leased duplex features front parking, covered patio spaces, and identical 2-bedroom, 2-bath units.
Days on Market47
Property Features for 3417 & 3419 Hyden
General Information
Standard status
Active
Property subtype
Multi Family
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Amenities
fireplace
vaulted ceiling
laminate flooring
covered patio
washer & dryer connections
front parking
dishwasher
range
refrigerator
Building Details
Building Size
1,670 SF
Year Built
1985
Listing Agency:
WestMark Companies
(806) 535-1206
Listed By:
Joy Daniel · License #0525754
(806) 535-1206
Source:
Lubbockhomemarket
Added: Jun 17
Changed: Jul 26
Last Checked: Aug 2 at 2:01PM
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 WestMark Companies
Investment Insights
Based on property information with market context.
This fully leased duplex offers a low-maintenance setup with front parking and minimal yard upkeep. Each side is identical, with two bedrooms and two bathrooms, a spacious living area featuring a fireplace, vaulted ceiling, and laminate flooring. Kitchens include a dishwasher, range, and refrigerator. The primary bedroom is isolated and includes an ensuite bath with a tub and shower combination. Each unit also provides a covered patio with a small fenced yard, along with washer and dryer connection hookups.
The property is tucked away on a cul-de-sac and is located across from Costco and West End Shopping Center, with quick access to Loop 289. A new roof is scheduled for 2026.
The property is tucked away on a cul-de-sac and is located across from Costco and West End Shopping Center, with quick access to Loop 289. A new roof is scheduled for 2026.
Key Highlights
- Fully leased duplex (Year Built 1985) with identical 2‑bed, 2‑bath units on each side
- Each unit features spacious living area with fireplace, vaulted ceiling, and laminate flooring
- Efficient kitchens include dishwasher, range, and refrigerator
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 | $23.0k | $13.80 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $21.5k | $12.90 |
| − OpEx | −$6.5k | −$3.87 |
| NOI | $15.1k | $9.03 |
1,670 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.4K
NOI $15,084 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,544 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$421.0K
$368.4K – $491.2K
NOI $29,471 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 79407, TX
23,208
Population
11,817
Households
2
Avg Household Size
32
Median Age
41%
College-Educated
92%
High-School Grad
75.9 sq mi
ZIP Area
306
Density / Sq Mi
$64,778
Median Household Income
$38,212
Median Earnings
$1,131
Median Rent
$200,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex features front parking, covered patio spaces, and identical 2-bedroom, 2-bath units.
Where is this duplex located?
The property is located at 3417 & 3419 Hyden Lubbock, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Fully leased duplex (Year Built 1985) with identical 2‑bed, 2‑bath units on each side; Each unit features spacious living area with fireplace, vaulted ceiling, and laminate flooring; Efficient kitchens include dishwasher, range, and refrigerator
