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Days40Days on Market
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$429,000

3107 - 3109 74th Street, Lubbock, TX, 79423

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,627 Sq Ft
DuplexDuplex
price_per_sqft$263.68 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,820 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces1

Land Information

APNR134252
Lot Number140
SubdivisionJ F I
Land UseResidential
Legal DescriptionJ F I L 14
Census Tract002102
Assessed Land Value$3,525
Assessed Improvement Value$196,031
Assessment Year2025

About this property

New build duplex in Lubbock's desirable Waters neighborhood! Located at 3107-3109 74th Street, this newly constructed property offers two spacious 3 bed, 2 bath units--each around 1,600 sq ft. Both units are currently leased at $1,550/month. Featuring modern finishes, open-concept layouts, washer/dryer hookups, private yards, and attached garages, it's a turnkey rental or ideal owner-occupant opportunity. Conveniently located near schools, parks, and shopping with easy access to major roads. Don't miss this low-maintenance, income-producing property--schedule your showing today!

Investor Tools

Property Icon
$222,000
Estimated Property Value
$0Estimated Mortgage Balance
$222,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

Interested in this property?

Michael Norsworthy

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$394/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,624
$199,556
2025
$3,525
$196,031
$199,556
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,624
$199,556

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$222,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
8.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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3107 - 3109 74th Street | Property Details | No Agent List