Updated Duplex Near
8106 Avenue V Lubbock, TX 79423
8106 Avenue V, Lubbock, TX, 79423
$224,000
For Sale
$224,000
Turn-key duplex with updated units, private entrances, and garages.
Property Size2,090 SF
Lot Size0.16 Acres
Price / SF$107.18
Days on Market150
Property Features for 8106 Avenue V
General Information
- Standard status
- Active
- Size
- 2,090 SF
- Lot size
- 0.16 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1975
Listing Agency
Keller Williams Realty
(806) 777-5122
Listed by
Jo Anna Harvey · License #0668681
(806) 777-5122
Source
Kw
Added: Feb 17 Checked: Jul 17 at 5:25 am
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
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.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $13.80 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $27.0k | $12.90 |
| − OpEx | −$8.1k | −$3.87 |
| NOI | $18.9k | $9.03 |
2,090 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
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.
