Brick Duplex with
For Sale
$222,000
4203 17th Street, Lubbock, TX 79416
MULTI_FAMILY - Lubbock, TX
Property Size2,000 SF
Lot Size0.18 Acres
Price / SF$111
Days on Market68
Property Features for 4203 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Carport
Interior features
Ceiling Fan(s)
Appliances
Electric Oven, Range Hood
Elementary school
Rush
Middle school
Mackenzie
High school
Coronado
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
4
Standard status
Active
APN
R75296
Size
2,000 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Cowan Blk 6 L 4A
Tax Annual Amount
2134
Legal Description
Cowan Blk 6 L 4A
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1965
Number of units
2
Flooring type
Linoleum, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Exit Realty of Lubbock
(806) 771-3900
Listed By:
Sharon Mirll · License #0632808
(806) 771-3900
Added: May 26
Changed: Aug 1
Last Checked: Aug 1 at 8:06PM
MLS# 202607066
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 brick duplex features two bedrooms and one bathroom per side, with approximately 1,000 square feet per side. Each unit includes ceiling fans and is served by central heating and central air with natural gas. The property provides a 1-car carport and includes electric oven and range hood appliances. Flooring includes linoleum and vinyl, and the roof is composition.
The duplex sits on a 0.18-acre lot with public water and public sewer. It is conveniently located near Texas Tech University, Lubbock Christian University, and the Lubbock medical district, supporting a flexible live-in or tenant-occupancy arrangement.
Built in 1965, this property offers a straightforward duplex configuration for an owner-occupant looking to generate income from the other side or for investors adding another rental duplex to their portfolio.
The duplex sits on a 0.18-acre lot with public water and public sewer. It is conveniently located near Texas Tech University, Lubbock Christian University, and the Lubbock medical district, supporting a flexible live-in or tenant-occupancy arrangement.
Built in 1965, this property offers a straightforward duplex configuration for an owner-occupant looking to generate income from the other side or for investors adding another rental duplex to their portfolio.
Key Highlights
- Approximately 1,000 SF per side
- Two bedrooms and one bathroom per side
- 1‑car carport
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 | $27.6k | $13.80 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $25.8k | $12.90 |
| − OpEx | −$7.7k | −$3.87 |
| NOI | $18.1k | $9.03 |
2,000 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$231.7K
$202.8K – $270.3K
NOI $16,220 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$504.2K
$441.2K – $588.2K
NOI $35,294 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with central HVAC, natural gas heat, public utilities, and a 1-car carport.
Where is this duplex located?
The property is located at 4203 17th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: Approximately 1,000 SF per side; Two bedrooms and one bathroom per side; 1‑car carport
