Leased Duplex with Ranch
For Sale
$175,000
6107 37th Street, Lubbock, TX 79407
Residential Income, Lubbock, TX
Property Size1,785 SF
Lot Size0.15 Acres
Price / SF$98.04
Days on Market49
Property Features for 6107 37th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking features
Parking Lot, Assigned
Security features
Security Lighting
Window features
Blinds, Aluminum Frames, Window Coverings
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Entrance Foyer, Formica Counters, Laminate Counters, Storage
Exterior features
Lighting
Appliances
Electric Range, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked
Lot features
Rectangular Lot
Elementary school
Westwind
Middle school
Heritage
High school
Memorial
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
7
Standard status
Active
APN
R137658
Size
1,785 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Park Lorraine L 169
Tax Annual Amount
2613
Legal Description
Park Lorraine L 169
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Brick, Vinyl Siding
Roof type
Composition
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Realty Refined · RE/MAX International
(806) 799-4200
Listed By:
Tony Lloyd · License #0462327
(806) 549-8669
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 29 at 5:06AM
MLS# 202612694
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 1980, this ranch-style duplex contains 1,785 square feet on a 0.15-acre lot. Both units are currently leased and feature practical living arrangements with bedrooms, bathrooms, storage, and entrance foyers. Interior finishes include carpet, vinyl, and tile flooring, along with laminate or Formica counters and ceiling fans.
The property includes assigned parking in a lot, a porch, exterior lighting, and construction combining brick with vinyl siding. Each residence is equipped with a range, microwave, range hood, refrigerator, and stacked washer/dryer. Central heating uses natural gas, while central air conditioning is electric. Public water and public sewer serve the property.
The property includes assigned parking in a lot, a porch, exterior lighting, and construction combining brick with vinyl siding. Each residence is equipped with a range, microwave, range hood, refrigerator, and stacked washer/dryer. Central heating uses natural gas, while central air conditioning is electric. Public water and public sewer serve the property.
Key Highlights
- Two‑unit duplex with both sides currently leased
- 1,785 square feet on a 0.15‑acre lot
- Ranch‑style construction completed 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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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
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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 leased, with functional layouts and shared access to parking and a porch.
Where is this duplex located?
The property is located at 6107 37th Street 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; 1,785 square feet on a 0.15‑acre lot; Ranch‑style construction completed in 1980
