Leased
For Sale
$175,000
6107 37th St, Lubbock, TX 79407
Both residential units are occupied, supporting an in-place rental configuration near everyday amenities and major roadways.
Property Size1,785 SF
Price / SF$98.04
Days on Market51
Property Features for 6107 37th St
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 1 at 5:33AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex at 6107 37th St in Lubbock contains two residential units within approximately 1,785 square feet of property space. Built in 1980, the property offers functional living areas in each side and is currently leased in full, providing an established occupancy profile for an investor or owner seeking an income-producing residential asset.
The property is situated near shopping, dining, schools, and major roadways. Its two-unit layout and existing leases create a straightforward multifamily configuration with residents already in place.
The property is situated near shopping, dining, schools, and major roadways. Its two-unit layout and existing leases create a straightforward multifamily configuration with residents already in place.
Key Highlights
- Two‑unit duplex with both sides currently leased
- Approximately 1,785 square feet of property space
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,476
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,520
$289.5K
Cap Rate 7%
$206,800
$206.8K
Cap Rate 9%
$160,844
$160.8K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$28.1K $15.72/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$26.3K $14.75/SF
− OpEx
−$11.8K −$6.64/SF
NOI
$14.5K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,520
Cap Rate 7%
$206,800
Cap Rate 9%
$160,844
Alternative Uses
Best Use
Multifamily LT 5
$230.3K
$201.5K – $268.7K
NOI $16,122 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$206.8K
$181.0K – $241.3K
NOI $14,476 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$450.0K
$393.8K – $525.0K
NOI $31,500 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
364
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are occupied, supporting an in-place rental configuration near everyday amenities and major roadways.
Where is this duplex located?
The property is located at 6107 37th St Lubbock, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with both sides currently leased; Approximately 1,785 square feet of property space; Built in 1980
