Lubbock Duplex Near Texas
4902 66th Street Lubbock, TX 79414
4902 66th Street, Lubbock, TX, 79414
$226,000
For Sale
$226,000
Duplex with recent updates, near Texas Tech and mall.
Property Size2,030 SF
Price / SF$111.33
Days on Market422
Property Features for 4902 66th Street
General Information
- Standard status
- Active
- Size
- 2,030 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1995
Listing Agency
NextHome CORE Realty
(806) 535-8068
Listed by
Tim Garrett · License #0339787
(806) 535-8068
Source
Exitrealty
Added: May 22, 2025 Checked: Jul 17 at 5:25 am
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 NextHome CORE Realty
Investment Insights
Based on property information with market context.
This duplex property, situated in a desirable area, features two units, each containing 2 bedrooms and 2 bathrooms. Each unit also includes a one-car garage, supplemented by additional front parking. The interior layout of each unit incorporates a dining area and a living area with a fireplace. Recent interior and exterior paint work, along with new floor coverings, were completed in June 2025. Both units are currently vacant and available for immediate occupancy or leasing. The property is located approximately 6 minutes from Texas Tech University and 1 minute from the South Plains Mall. Each unit includes a private, good-sized yard suitable for children or pets.
Key Highlights
- Duplex offered at an attractive price point (under $230,000).
- Each unit features 2 bedrooms and 2 bathrooms.
- Recent renovations include new interior and exterior paint and new floor coverings (June 2025).
Local 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 | $28.0k | $13.80 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $26.2k | $12.90 |
| − OpEx | −$7.9k | −$3.87 |
| NOI | $18.3k | $9.03 |
2,030 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.9K
$229.2K – $305.6K
NOI $18,335 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,463 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$511.8K
$447.8K – $597.1K
NOI $35,824 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with recent updates, near Texas Tech and mall.
Where is this duplex located?
The property is located at 4902 66th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $226,000.
What are key features of this property?
This property features: Duplex offered at an attractive price point (under $230,000).; Each unit features 2 bedrooms and 2 bathrooms.; Recent renovations include **new interior and exterior paint and new floor coverings** (June 2025).
