Leased Duplex with Rear-Entry
912 N Bangor Ave Lubbock, TX 79416
New
For Sale
$265,000
Two-unit duplex each offering 3 bedrooms, 3 full baths, and private fenced backyards with rear-entry two-car garages.
Property Size2,732 SF
Price / SF$96
Days on Market4
Property Features for 912 N Bangor Ave
General Information
- Standard status
- Active
- Size
- 2,732 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2004
Listing Agency:
United Realty, LLC
Listed By:
LaDonna Sanchez
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:21AM
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 United Realty, LLC
Investment Insights
Based on property information with market context.
This duplex at 912 N Bangor Ave, Lubbock, TX 79416 is designed for resident privacy and parking convenience, with a private fenced backyard for each unit and a 2-car rear-entry garage. Both Unit A and Unit B offer 3 bedrooms and 3 full bathrooms, supporting a consistent layout across the property.
The property is positioned near Texas Tech University, Lubbock Christian University, and area hospitals. Unit A is currently leased at $1,225 per month with a move-in date of July 17, 2026. Unit B is leased at $1,199 per month with a move-in date of July 15, 2026, and both units are vacant until their scheduled move-in dates.
The property is positioned near Texas Tech University, Lubbock Christian University, and area hospitals. Unit A is currently leased at $1,225 per month with a move-in date of July 17, 2026. Unit B is leased at $1,199 per month with a move-in date of July 15, 2026, and both units are vacant until their scheduled move-in dates.
Key Highlights
- 2004‑built North Lubbock duplex with two units
- Each unit features 3 bedrooms, 3 full bathrooms, and a private fenced backyard
- Both units include a 2‑car rear‑entry garage
Financial Insights For Apartment 5plus
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 | $42.9k | $15.72 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $40.3k | $14.75 |
| − OpEx | −$18.1k | −$6.64 |
| NOI | $22.2k | $8.11 |
2,732 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$316.5K
$277.0K – $369.3K
NOI $22,156 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$688.7K
$602.7K – $803.5K
NOI $48,212 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex each offering 3 bedrooms, 3 full baths, and private fenced backyards with rear-entry two-car garages.
Where is this duplex located?
The property is located at 912 N Bangor Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2004‑built North Lubbock duplex with two units; Each unit features 3 bedrooms, 3 full bathrooms, and a private fenced backyard; Both units include a 2‑car rear‑entry garage
