Brick Duplex with Covered
For Sale
$210,000
3417 & 3419 Hyden, Lubbock, TX 79407
Residential Income, Lubbock, TX
Property Size1,670 SF
Lot Size0.06 Acres
Price / SF$125.75
Days on Market102
Property Features for 3417 & 3419 Hyden
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3
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
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
Amenities
fireplace
vaulted ceiling
laminate flooring
covered patio
fenced yard
washer & dryer connections
Building Details
Year built
1985
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
WestMark Companies
(806) 794-6000
Listed By:
Joy Daniel · License #0525754
(806) 535-1206
Added: Jun 17
Changed: Sep 24
Last Checked: Sep 26 at 5:06PM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,084
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
