Duplex with Fenced
For Sale
$250,000
6915 Gary Avenue, Lubbock, TX 79413
Residential Income, Lubbock, TX
Property Size2,139 SF
Lot Size0.18 Acres
Price / SF$116.88
Days on Market53
Property Features for 6915 Gary Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Parking features
On Street, Garage, Open, Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Speed Internet
Fireplace
1
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Elementary school
Parsons
Middle school
Atkins
High school
Monterey
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
3
Standard status
Active
APN
R130756
Size
2,139 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Live Oak S63.5'Of L 217
Tax Annual Amount
2145
Legal Description
Live Oak S63.5'Of L 217
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
fenced yard
appliances included
Building Details
Year built
1972
Number of units
2
Flooring type
Laminate, Carpet, Tile
Building materials
Brick, Wood Siding
Roof type
Membrane
Architectural style
Other
Buildings
1
Listing Agency:
Real Broker, LLC
(806) 577-5595
Listed By:
Jason Arnold · License #0763770
(806) 678-9266
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 6 at 8:06AM
MLS# 202612919
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 1972, this duplex contains 2,139 square feet across two matching residences. Each unit has two bedrooms, one-and-a-half bathrooms, tile flooring, and a fenced yard. Included appliances comprise a dishwasher, electric range, microwave, and refrigerator. The property occupies a 0.18-acre lot.
Both sides are leased, and the lease for one unit extends through the year. Central heating and air conditioning serve the building; additional features include a porch, fireplace, and garage parking.
Both sides are leased, and the lease for one unit extends through the year. Central heating and air conditioning serve the building; additional features include a porch, fireplace, and garage parking.
Key Highlights
- 2,139 square feet of total living space on a 0.18‑acre lot
- Built in 1972
- Two units, each with 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,320
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,400
$386.4K
Cap Rate 7%
$276,000
$276.0K
Cap Rate 9%
$214,667
$214.7K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$29.5K $13.80/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$27.6K $12.90/SF
− OpEx
−$8.3K −$3.87/SF
NOI
$19.3K $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%
$386,400
Cap Rate 7%
$276,000
Cap Rate 9%
$214,667
Alternative Uses
Best Use
Multifamily LT 5
$276.0K
$241.5K – $322.0K
NOI $19,320 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,347 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,747 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
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Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
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 offer matching two-bedroom layouts with one-and-a-half baths and included appliances.
Where is this duplex located?
The property is located at 6915 Gary Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,139 square feet of total living space on a 0.18‑acre lot; Built in 1972; Two units, each with 2 bedrooms and 1.5 bathrooms
