Updated Duplex Near
For Sale
$224,000
8106 Avenue V, Lubbock, TX 79423
Turn-key duplex with updated units, private entrances, and garages.
Property Size2,091 SF
Lot Size0.16 Acres
Price / SF$107.18
Days on Market260
Property Features for 8106 Avenue V
General Information
Standard status
Active
Size
2,091 SF
Lot size
0.16 Acres
Property subtype
Duplex
Amenities
Fireplace
Electric
Central
Central Air
Fireplace(s)
Dishwasher
Dryer
Electric Oven
Electric Range
Refrigerator
Washer
Electricity Connected, Composition
Building Details
Building Size
2,091 SF
Year Built
1975
Listing Agency:
Keller Williams Realty
Listed By:
Jo Anna Harvey · License #0668681
(806) 777-5122
Source:
Kw
Added: Feb 17
Changed: Nov 1
Last Checked: Nov 1 at 10:39AM
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, located near 82nd in South Lubbock, presents a turn-key investment opportunity. Each unit features 2 bedrooms and 1.5 bathrooms, with approximately 1045 square feet of living space, suitable for comfortable living or rental potential. The generous living rooms feature newly installed carpet and a fireplace that can be used with wood or gas. Primary bedrooms include walk-in closets. The kitchen and dining area offer a combination space with a front-facing window for natural light. A laundry room provides additional convenience. Each side has its own private entrance, a one-car garage with direct access, and a spacious fenced backyard suitable for pets or outdoor activities. Side B includes a new shed that will remain with the unit, providing extra storage options.
Key Highlights
- Turn‑key duplex investment property in South Lubbock.
- Two units, each with 2 bedrooms and 1.5 bathrooms, approximately 1045 SF.
- Each unit has a private entrance, one‑car garage with direct access, and fenced backyard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,877
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,540
$377.5K
Cap Rate 7%
$269,671
$269.7K
Cap Rate 9%
$209,744
$209.7K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$28.8K $13.80/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$27.0K $12.90/SF
− OpEx
−$8.1K −$3.87/SF
NOI
$18.9K $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%
$377,540
Cap Rate 7%
$269,671
Cap Rate 9%
$209,744
Alternative Uses
Best Use
Multifamily LT 5
$269.7K
$236.0K – $314.6K
NOI $18,877 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,950 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$526.9K
$461.0K – $614.7K
NOI $36,883 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
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Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
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 - Turn-key duplex with updated units, private entrances, and garages.
Where is this duplex located?
The property is located at 8106 Avenue V Lubbock, TX.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Turn‑key duplex investment property in South Lubbock.; Two units, each with 2 bedrooms and 1.5 bathrooms, approximately 1045 SF.; Each unit has a private entrance, one‑car garage with direct access, and fenced backyard.
