Brick Duplex with
For Sale
$360,000
3812 36th Street, Lubbock, TX 79413
Residential Income, Lubbock, TX
Property Size2,915 SF
Lot Size0.22 Acres
Price / SF$123.50
Days on Market51
Property Features for 3812 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Garage
Elementary school
Maedgen
Middle school
Hutchinson
High school
Lubbock
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Directions
GPS will take you there.
Subdivision
3
Standard status
Active
APN
R121736
Size
2,915 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Lincoln Hts Blk 2 L 11
Tax Annual Amount
5535
Legal Description
Lincoln Hts Blk 2 L 11
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2023
Building materials
Brick
Roof type
Composition
Listing Agency:
Progressive Properties
(806) 794-7777
Listed By:
Josh Barrett · License #0776750
(806) 401-6153
Added: Aug 24
Changed: Oct 2
Last Checked: Oct 13 at 3:06PM
MLS# 202611814
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.
Built in 2023, this brick duplex contains 2,915 square feet on a 0.22-acre lot. The property includes two leased units, each with bedrooms and bathrooms, along with a garage, composition roof, central heating, and central air conditioning.
Unit A has a lease in place through June 2027, while Unit B is leased through April 2028. The property is located at 3812 36th Street in Lubbock, Texas, within ZIP code 79413.
Unit A has a lease in place through June 2027, while Unit B is leased through April 2028. The property is located at 3812 36th Street in Lubbock, Texas, within ZIP code 79413.
Key Highlights
- 2,915‑square‑foot duplex on a 0.22‑acre lot
- Built in 2023 with brick construction
- Two leased units with terms extending through June 2027 and April 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,329
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,580
$526.6K
Cap Rate 7%
$376,129
$376.1K
Cap Rate 9%
$292,544
$292.5K
Market Conditions
NOI Build-Up for 2,915 SF
Gross rent
$40.2K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.6K $12.90/SF
− OpEx
−$11.3K −$3.87/SF
NOI
$26.3K $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%
$526,580
Cap Rate 7%
$376,129
Cap Rate 9%
$292,544
Alternative Uses
Best Use
Multifamily LT 5
$376.1K
$329.1K – $438.8K
NOI $26,329 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$337.7K
$295.5K – $394.0K
NOI $23,640 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$734.9K
$643.0K – $857.4K
NOI $51,442 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
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 leased residences in a recently built duplex with central heating and cooling.
Where is this duplex located?
The property is located at 3812 36th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,915‑square‑foot duplex on a 0.22‑acre lot; Built in 2023 with brick construction; Two leased units with terms extending through June 2027 and April 2028
