1404 17th Street, Shallowater, TX 79363
MULTI_FAMILY - Shallowater, TX
- Added:
- Mar 5, 2026
- Days on Market:
- 108
- Last Refresh:
- Jun 21 at 4:06 pm
Property Features for 1404 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 1
- Parking features
- Open, Garage
- Interior features
- Ceiling Fan(s), Kitchen Island, Walk-In Closet(s)
- Exterior features
- Private Yard
- Fencing
- Privacy
- Appliances
- Gas Cooktop, Gas Oven, Microwave
- Standard status
- Active Under Contract
- APN
- R336730
- Size
- 3,102 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Highland Heights (Shallowater) L 59
- Tax Annual Amount
- 7021
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Plank, Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agent Kendall Dollins License #0735467 (432) 201-0195
Listing office KD Elite Realty, LLC 7717 Milwaukee Ave STE 500-290, Lubbock, TX (432) 201-0195
Listing date Mar 5, 2026
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 2021 with both Unit A and Unit B currently leased
- Each unit offers 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Units feature vinyl plank flooring throughout with no carpet
- Kitchens and bathrooms include granite countertops
- Lease terms: Unit A through January 2027; Unit B through June 2026
- Central heating and central air, plus gas cooktop/oven and a microwave
Overview
The property is located at 1404 17th Street in Shallowater, Texas, within Lubbock County. Both units are currently leased, supporting rental operations from day one.
For investors or owner-operators seeking a residential income property, this duplex provides two ready-to-run units with lease terms in place. Unit A is leased through January 2027, and Unit B is leased through June 2026, offering staggered stability. The combination of functional 3-bedroom layouts and durable finishes can appeal to tenants who prioritize low-maintenance interiors and practical storage from the attached two-car garages.
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 | $42.8k | $13.80 |
| − Vacancy | −$2.8k | −$0.90 |
| EGI | $40.0k | $12.90 |
| − OpEx | −$12.0k | −$3.87 |
| NOI | $28.0k | $9.03 |
Alternative Uses
Current Use by Public Records
Map
- City
- Shallowater
- County
- Lubbock
- State
- Texas
- Longitude
- -101.986332
- Latitude
- 33.697929
