Turnkey Duplex with Fenced
3824 133rd St Lubbock, TX 79423
New
For Sale
$399,000
Well-maintained duplex offers two units with 3 bedrooms, 2 full baths, 2-car garages, and private fenced backyards.
Property Size3,102 SF
Price / SF$128.63
Days on Market4
Property Features for 3824 133rd St
General Information
- Standard status
- Active
- Size
- 3,102 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2015
Listing Agency:
AMRR Realty
(806) 577-7228
Listed By:
Jennifer Busbea · License #0614398
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:19AM
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 AMRR Realty
Investment Insights
Based on property information with market context.
Welcome to 3824 133rd Street, a well-maintained duplex designed for comfortable, low-maintenance living. Each side features three spacious bedrooms, two full bathrooms, a two-car garage, and a private fenced backyard. The layout includes an open-concept design and modern finishes, with isolated primary suites in both units.
The property is located in Kelsey Park and is in Lubbock-Cooper ISD. It’s described as being just minutes from shopping and dining, with easy access to the Loop and Highway 87.
With both units offering a similar configuration and turnkey condition, the duplex may support a variety of residential income or owner-occupant strategies based on how you intend to use one or both sides.
The property is located in Kelsey Park and is in Lubbock-Cooper ISD. It’s described as being just minutes from shopping and dining, with easy access to the Loop and Highway 87.
With both units offering a similar configuration and turnkey condition, the duplex may support a variety of residential income or owner-occupant strategies based on how you intend to use one or both sides.
Key Highlights
- Duplex built in 2015 with 2 separate units
- Each unit features 3 bedrooms and 2 full bathrooms
- Each side includes a 2‑car garage
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 | $42.8k | $13.80 |
| − Vacancy | −$2.8k | −$0.90 |
| EGI | $40.0k | $12.90 |
| − OpEx | −$12.0k | −$3.87 |
| NOI | $28.0k | $9.03 |
3,102 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.2K – $467.0K
NOI $28,018 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two units with 3 bedrooms, 2 full baths, 2-car garages, and private fenced backyards.
Where is this duplex located?
The property is located at 3824 133rd St Lubbock, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex built in 2015 with 2 separate units; Each unit features 3 bedrooms and 2 full bathrooms; Each side includes a 2‑car garage
