Six-Bedroom
New
For Sale
$259,000
906 N Bangor Avenue, Lubbock, TX 79416
Both residences are leased and offer private bathrooms for every bedroom.
Property Size2,732 SF
Price / SF$94.80
Days on Market3
Property Features for 906 N Bangor Avenue
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,453
Amenities
washer/dryer hookups
small fenced backyard
off-street parking
Carpet,Tile
Yes
6
No
Public Records
Ceiling Fan(s),Laminate Counters,Pantry
2732.0
Back Yard,Fenced
0.19
Attached,Garage
Paved
Slab
City Street
Building Details
Building Size
2,732 SF
Year Built
2004
Buildings
1
Tenancy
Multi
Listing Agency:
(806) 319-5090
Listed By:
Steven Stimmel
Source:
Clearrockrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 2:59AM
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 Steven Stimmel
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Investment Insights
Based on property information with market context.
This 2004 duplex contains two residences, each with three bedrooms and three full bathrooms. Every bedroom has its own bathroom. Combined building area is 2,732 square feet. Interior features include carpet, tile, ceiling fans, laminate counters and a pantry. Washer and dryer hookups are provided in both units.
The property sits on a 0.19-acre lot in north Lubbock, with access to the Loop, Texas Tech and area hospitals. A fenced backyard serves each residence, and the shared driveway provides off-street parking. Both residences are currently leased. The roof was replaced in June 2026.
The property sits on a 0.19-acre lot in north Lubbock, with access to the Loop, Texas Tech and area hospitals. A fenced backyard serves each residence, and the shared driveway provides off-street parking. Both residences are currently leased. The roof was replaced in June 2026.
Key Highlights
- Two residences, each with 3 bedrooms and 3 full bathrooms
- 2,732 square feet of building area on a 0.19‑acre lot
- Both units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,156
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,120
$443.1K
Cap Rate 7%
$316,514
$316.5K
Cap Rate 9%
$246,178
$246.2K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$42.9K $15.72/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$40.3K $14.75/SF
− OpEx
−$18.1K −$6.64/SF
NOI
$22.2K $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%
$443,120
Cap Rate 7%
$316,514
Cap Rate 9%
$246,178
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$316.5K
$277.0K – $369.3K
NOI $22,156 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$688.7K
$602.7K – $803.5K
NOI $48,212 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and offer private bathrooms for every bedroom.
Where is this duplex located?
The property is located at 906 N Bangor Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 3 full bathrooms; 2,732 square feet of building area on a 0.19‑acre lot; Both units currently leased
