Duplex with Two-Car
For Sale
Under Contract
$345,000
1407 17th Street, Shallowater, TX 79363
MULTI_FAMILY - Shallowater, TX
Property Size2,836 SF
Lot Size0.19 Acres
Price / SF$121.65
Days on Market128
Property Features for 1407 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
On Street, Garage
Window features
Low Emissivity Windows
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Exterior features
Outdoor Kitchen
Fencing
Fenced
Appliances
Dishwasher
Lot features
Corner Lot, Landscaped
Elementary school
Shallowater
Middle school
Shallowater
High school
Shallowater
Elementary school district
Shallowater ISD
Middle school district
Shallowater ISD
High school district
Shallowater ISD
Subdivision
12
Standard status
Active Under Contract
APN
R336728
Size
2,836 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Highland Heights (Shallowater) L 57
Tax Annual Amount
6483
Legal Description
Highland Heights (Shallowater) L 57
Utilities
Utilities
Electricity Available
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Building materials
Batts Insulation, Blown-In Insulation, Brick
Roof type
Composition
Additional Structures
Outdoor Kitchen
Listing Agency:
Real Broker, LLC
(806) 577-5595
Listed By:
Doug Duncan · License #0563978
(806) 577-5595
Added: Mar 26
Changed: Jul 18
Last Checked: Jul 31 at 2:06AM
MLS# 202603907
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.
Investment Insights
Based on property information with market context.
This duplex from Stoker Brothers Construction is built as two separate living units, labeled A and B. Each side offers a 3-bedroom, 2-bath layout with a 2-car garage, providing dedicated parking and convenient day-to-day functionality for tenants. The property is described as having a modern farmhouse-style design. The total building size is 2,836 square feet, situated on a 0.19-acre lot.
Located at 1407 17th Street in Shallowater, Texas, the property is in Highland Heights, identified as the area’s newest development. The public remarks note the duplex is within walking distance to local schools, which can be an important consideration for residential renters.
As a residential income asset, the duplex configuration creates flexibility for an owner seeking two well-sized units with similar layouts. The 3/2 setup can accommodate a range of household needs, while the inclusion of a 2-car garage for each side supports practical storage and vehicle parking. The property’s established unit design and straightforward duplex plan make it easy to market and manage as a straightforward rental option in the Shallowater area.
Located at 1407 17th Street in Shallowater, Texas, the property is in Highland Heights, identified as the area’s newest development. The public remarks note the duplex is within walking distance to local schools, which can be an important consideration for residential renters.
As a residential income asset, the duplex configuration creates flexibility for an owner seeking two well-sized units with similar layouts. The 3/2 setup can accommodate a range of household needs, while the inclusion of a 2-car garage for each side supports practical storage and vehicle parking. The property’s established unit design and straightforward duplex plan make it easy to market and manage as a straightforward rental option in the Shallowater area.
Key Highlights
- 2022‑built duplex (A & B) with a 2‑car garage on each side
- Each side offers 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms
- Central heating and central air, with natural gas for heating
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 | $39.1k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.6k | $12.90 |
| − OpEx | −$11.0k | −$3.87 |
| NOI | $25.6k | $9.03 |
2,836 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$365.9K
$320.2K – $426.9K
NOI $25,615 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$328.6K
$287.5K – $383.3K
NOI $23,000 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$715.0K
$625.6K – $834.1K
NOI $50,047 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 79363, TX
6,259
Population
2,233
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
108.1 sq mi
ZIP Area
58
Density / Sq Mi
$93,320
Median Household Income
$45,035
Median Earnings
$1,138
Median Rent
$201,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-designed duplex with two-car garages on each side, each featuring 3 bedrooms and 2 bathrooms.
Where is this duplex located?
The property is located at 1407 17th Street Shallowater, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2022‑built duplex (A & B) with a 2‑car garage on each side; Each side offers 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms; Central heating and central air, with natural gas for heating
