Brick Duplex Under
New
For Sale
$429,000
4108 Trenton Avenue, Lubbock, TX 79407
Residential Income, Lubbock, TX
Property Size3,000 SF
Lot Size0.18 Acres
Price / SF$143
Days on Market3
Property Features for 4108 Trenton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
Parking features
Garage
Subdivision
7
Standard status
Active
APN
R348218
Size
3,000 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Frenship East L 6
Tax Annual Amount
793
Legal Description
Frenship East L 6
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2026
Number of units
2
Building materials
Brick
Listing Agency:
Tapp Realty Group, eXp Realty
(806) 993-8277
Listed By:
Lacy Romero · License #0629956
(806) 777-7982
Added: Aug 27
Last Checked: Aug 29 at 6:06PM
MLS# 202611998
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 duplex is under construction on a 0.18-acre site and is planned as a 3,000-square-foot residential property. The improvements are specified with brick construction, central heating, central air, ceiling fans, and garage parking. The room schedule includes six bedrooms and four bathrooms, with a 2026 year built designation.
Located at 4108 Trenton Avenue in Lubbock, the property is positioned within walking distance of Frenship Memorial High School. Shopping and restaurants are also described as conveniently located nearby. The address is in the 79407 postal area of Lubbock County, Texas.
Located at 4108 Trenton Avenue in Lubbock, the property is positioned within walking distance of Frenship Memorial High School. Shopping and restaurants are also described as conveniently located nearby. The address is in the 79407 postal area of Lubbock County, Texas.
Key Highlights
- Duplex under construction with a 2026 year built designation
- 3,000 square feet on a 0.18‑acre site
- Brick construction with central heating and central air
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
$27,096
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
6.32%
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%
$541,920
$541.9K
Cap Rate 7%
$387,086
$387.1K
Cap Rate 9%
$301,067
$301.1K
Market Conditions
NOI Build-Up for 3,000 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
$41.4K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$38.7K $12.90/SF
− OpEx
−$11.6K −$3.87/SF
NOI
$27.1K $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%
$541,920
Cap Rate 7%
$387,086
Cap Rate 9%
$301,067
Alternative Uses
Best Use
Multifamily LT 5
$387.1K
$338.7K – $451.6K
NOI $27,096 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Central heating, central air, ceiling fans, and garage parking serve the duplex.
Where is this duplex located?
The property is located at 4108 Trenton Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Duplex under construction with a 2026 year built designation; 3,000 square feet on a 0.18‑acre site; Brick construction with central heating and central air
