Brick Duplex with
For Sale
$420,000
3821 133rd Street, Lubbock, TX 79423
Residential Income, Lubbock, TX
Property Size3,102 SF
Lot Size0.22 Acres
Price / SF$135.40
Days on Market279
Property Features for 3821 133rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 1, Bedroom 6
Parking features
Garage
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Electric Oven, Electric Range, Microwave
Elementary school
Lubbock-Cooper Central
Middle school
Lubbock-Cooper Bush
High school
Cooper
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
11
Standard status
Active
APN
R324836
Size
3,102 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
KELSEY PARK L 75
Legal Description
KELSEY PARK L 75
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
2014
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Coldwell Banker Trusted Adviso · Coldwell Banker Real Estate
(806) 793-0677
Listed By:
Dennis Carrizales · License #0738689
(806) 543-3939
Added: Jan 26
Changed: Oct 27
Last Checked: Nov 1 at 8:06PM
MLS# 202601179
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.
Located at 3821 133rd Street in Lubbock, this duplex contains 3,102 square feet on a 0.22-acre lot. Built in 2014, the property features brick construction, a composition roof, garage parking, and a six-bedroom, four-bathroom layout. Interior appointments include ceiling fans, a dishwasher, electric oven, electric range, and microwave.
Central air conditioning and central natural-gas heating support year-round operation. The property is situated near schools, shopping, restaurants, and parks in South Lubbock. It may be acquired individually or as part of a package that includes other Lubbock properties.
Central air conditioning and central natural-gas heating support year-round operation. The property is situated near schools, shopping, restaurants, and parks in South Lubbock. It may be acquired individually or as part of a package that includes other Lubbock properties.
Key Highlights
- 3,102‑square‑foot duplex on a 0.22‑acre lot
- Six bedrooms and four bathrooms
- Built in 2014 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,018
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,360
$560.4K
Cap Rate 7%
$400,257
$400.3K
Cap Rate 9%
$311,311
$311.3K
Market Conditions
NOI Build-Up for 3,102 SF
Gross rent
$42.8K $13.80/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$40.0K $12.90/SF
− OpEx
−$12.0K −$3.87/SF
NOI
$28.0K $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%
$560,360
Cap Rate 7%
$400,257
Cap Rate 9%
$311,311
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.2K – $467.0K
NOI $28,018 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2014, this property offers brick construction, central HVAC, garage parking, and a residential setting near everyday amenities.
Where is this duplex located?
The property is located at 3821 133rd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 3,102‑square‑foot duplex on a 0.22‑acre lot; Six bedrooms and four bathrooms; Built in 2014 with brick construction
