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Brick Duplex with Covered Patios

3417 & 3419 Hyden, Lubbock, TX 79407

For Sale
$210,000

Residential Income, Lubbock, TX

Property Size1,670 SF
Lot Size0.06 Acres
Price / SF$125.75
Days on Market147

Property Features for 3417 & 3419 Hyden

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Interior features Ceiling Fan(s)
Fencing Fenced
Fireplace 1
Elementary school district Frenship ISD
Middle school district Frenship ISD
High school district Frenship ISD
Subdivision 7
Standard status Active
APN R98251
Size 1,670 SF
Lot size 0.06 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description Park Lorraine Tr C-27 &Pt C-52 & TR C-28 &PT C-52
Tax Annual Amount 2718
Legal Description Park Lorraine Tr C-27 &Pt C-52 & TR C-28 &PT C-52

Utilities

Heating system Natural Gas
Cooling system Central Air, Electric

Building Details

Year built 1985
Number of units 2
Building materials Brick
Roof type Composition
Listing Agency: WestMark Companies
Listed By: Joy Daniel · License TX #0525754
Added: Jun 17 Changed: Oct 27 Last Checked: Nov 10 at 10:06PM
MLS# 202608313

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.

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Investment Insights

Based on property information with market context.

This 1,670-square-foot duplex, built in 1985, contains two matching residences with two bedrooms and two bathrooms per side. Each unit has a spacious living area with a fireplace, vaulted ceiling, laminate flooring, and an efficiently arranged kitchen equipped with a dishwasher, range, and refrigerator. Primary bedrooms are separated from the main living areas and include ensuite bathrooms with tub-and-shower combinations. Covered patios, small fenced yards, front parking, ceiling fans, central air, electric cooling, and natural-gas heating serve the property. A composition roof is identified as new in 2026.

The property sits on 0.06 acres in a cul-de-sac across from Costco and West End Shopping Center, with quick access to Loop 289. Both sides are fully leased, and washer-dryer connections are included in each residence.

Key Highlights

  • Duplex totals 1,670 square feet on 0.06 acres
  • Two matching units, each with 2 bedrooms and 2 bathrooms
  • Both sides are fully leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$15,084
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,680 $301.7K
Cap Rate 7%
$215,486 $215.5K
Cap Rate 9%
$167,600 $167.6K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$23.0K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.5K $12.90/SF
− OpEx
−$6.5K −$3.87/SF
NOI
$15.1K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,680
Cap Rate 7%
$215,486
Cap Rate 9%
$167,600

Alternative Uses

Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.4K (±1% cap)
NOI $15,084 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K (±1% cap)
NOI $13,544 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$421.0K
$368.4K – $491.2K (±1% cap)
NOI $29,471 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in Lubbock, TX

$107 Jul
$107 Aug
$109 Sep
$110 Oct

Properties on Market for Duplexes in Lubbock

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two matching units offer two-bedroom layouts, fireplaces, fenced yards, and washer-dryer connections.
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: Duplex totals 1,670 square feet on 0.06 acres; Two matching units, each with 2 bedrooms and 2 bathrooms; Both sides are fully leased
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