2-Unit
New
For Sale
$410,000
5706 120th Street, Lubbock, TX 79424
Residential Income, Lubbock, TX
Property Size3,033 SF
Lot Size0.20 Acres
Price / SF$135.18
Days on Market3
Property Features for 5706 120th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Garage, Open, On Street
Window features
Blinds
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Granite Counters, Kitchen Island, Pantry, Walk-In Closet(s)
Fencing
Fenced
Appliances
Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Elementary school
Lubbock-Cooper West
Middle school
Lubbock-Cooper Bush
High school
Liberty High School
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Directions
From Frankford Ave turn East on 119th Street, make the first right and then turn left on 120th Street. Duplex is on the left side 5706 120th Street
Subdivision
7
Standard status
Active
APN
R333256
Size
3,033 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Stonewood Estates L 128
Tax Annual Amount
8543
Legal Description
Stonewood Estates L 128
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Liz Karr · License #0629554
(806) 632-5666
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 8:06AM
MLS# 202614971
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.
Built in 2019, this brick duplex contains 3,033 square feet across two residences on a 0.2-acre lot. Each unit has three bedrooms, two bathrooms, and a two-car garage. The living, dining, and kitchen areas follow an open layout, with granite counters and ceramic tile flooring; bedrooms have carpet. Kitchen features include an island, pantry, and eat-in area, and the bathrooms include double vanities.
Outdoor features include a fenced backyard with grass, a sprinkler system, and a patio and porch. The property has central heating and air conditioning, with natural gas available, public water, and public sewer. Both units are currently rented.
Outdoor features include a fenced backyard with grass, a sprinkler system, and a patio and porch. The property has central heating and air conditioning, with natural gas available, public water, and public sewer. Both units are currently rented.
Key Highlights
- Two matching residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- 3,033 square feet on a 0.2‑acre lot
- Built in 2019 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,394
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,880
$547.9K
Cap Rate 7%
$391,343
$391.3K
Cap Rate 9%
$304,378
$304.4K
Market Conditions
NOI Build-Up for 3,033 SF
Gross rent
$41.9K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$39.1K $12.90/SF
− OpEx
−$11.7K −$3.87/SF
NOI
$27.4K $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%
$547,880
Cap Rate 7%
$391,343
Cap Rate 9%
$304,378
Alternative Uses
Best Use
Multifamily LT 5
$391.3K
$342.4K – $456.6K
NOI $27,394 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,597 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$764.6K
$669.1K – $892.1K
NOI $53,524 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
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Business Placement
Demographics for 79424, TX
53,479
Population
22,800
Households
2.3
Avg Household Size
38
Median Age
47%
College-Educated
95%
High-School Grad
41.6 sq mi
ZIP Area
1,286
Density / Sq Mi
$94,703
Median Household Income
$52,417
Median Earnings
$1,151
Median Rent
$279,600
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 - Both residences are rented and share the same bedroom and bathroom configuration.
Where is this duplex located?
The property is located at 5706 120th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two matching residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage; 3,033 square feet on a 0.2‑acre lot; Built in 2019 with brick construction
