Two-Unit Duplex with
For Sale
$249,000
9607 Avenue X, Lubbock, TX 79423
Two-bedroom layouts, private garages, and fenced backyards serve both sides of this South Lubbock property.
Property Size2,178 SF
Price / SF$114.33
Days on Market20
Property Features for 9607 Avenue X
General Information
Standard status
Active
Size
2,178 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1995
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 1 at 6:03AM
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.
Built in 1995, this South Lubbock duplex contains two units, each with 2 bedrooms, 2 bathrooms, and a 2-car garage. One side has updated flooring, and both units have new backyard fencing. One unit is occupied by a long-term tenant who would like to remain, offering an existing tenancy for the next owner.
The property is located at 9607 Avenue X in Lubbock, Texas. Its two-unit configuration combines garage parking and outdoor fencing on both sides, with updated flooring in one unit.
The property is located at 9607 Avenue X in Lubbock, Texas. Its two-unit configuration combines garage parking and outdoor fencing on both sides, with updated flooring in one unit.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- A 2‑car garage serves each unit
- One side has updated flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,672
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,440
$393.4K
Cap Rate 7%
$281,029
$281.0K
Cap Rate 9%
$218,578
$218.6K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$30.1K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$28.1K $12.90/SF
− OpEx
−$8.4K −$3.87/SF
NOI
$19.7K $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%
$393,440
Cap Rate 7%
$281,029
Cap Rate 9%
$218,578
Alternative Uses
Best Use
Multifamily LT 5
$281.0K
$245.9K – $327.9K
NOI $19,672 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$252.3K
$220.8K – $294.4K
NOI $17,663 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$549.1K
$480.5K – $640.6K
NOI $38,436 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
121
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layouts, private garages, and fenced backyards serve both sides of this South Lubbock property.
Where is this duplex located?
The property is located at 9607 Avenue X Lubbock, TX.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; A 2‑car garage serves each unit; One side has updated flooring
