Two-Story
For Sale
$249,500
4320 52nd Street, Lubbock, TX 79413
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,726 SF
Lot Size0.17 Acres
Price / SF$91.53
Days on Market215
Property Features for 4320 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Carport
Window features
Window Coverings
Interior features
Bar, Double Vanity, Formica Counters, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Storage, Walk-In Closet(s)
Exterior features
Balcony, Private Yard
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Disposal, Electric Oven, Microwave, Stainless Steel Appliance(s)
Elementary school
Miller
Middle school
Evans
High school
Monterey
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
3
Standard status
Active
APN
R132770
Size
2,726 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
DRURY PARK L 83 & W3.69'OF 84
Tax Annual Amount
2860
Legal Description
DRURY PARK L 83 & W3.69'OF 84
Utilities
Sewer type
Public Sewer
Heating system
Central, Fireplace(s), Natural Gas
Cooling system
Electric, Ceiling Fan(s)
Water source
Public
Amenities
fireplace
backyard
storage unit
Building Details
Year built
1972
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Wood Siding
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Karisa Langley · License #0698012
(806) 781-7054
Added: Jan 9
Changed: Aug 3
Last Checked: Aug 12 at 5:06PM
MLS# 202600434
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.
Updated two-story duplex featuring two leased sides. Side A is a 2/1.5 layout with updated vinyl flooring and a cozy living room with a fireplace, with all bedrooms located upstairs away from the main entertaining space. Side B is a 3/2 layout with updated vinyl flooring, a fireplace, and an open concept living area, with one bedroom downstairs and two bedrooms upstairs. Both sides include outdoor space, with a private yard and a storage unit noted on Side B. The home includes features such as recessed lighting, walk-in closets, a pantry, storage, and double vanity elements, along with vinyl and carpet flooring.
The property sits on a 0.17-acre lot and totals 2,726 square feet, built in 1972. Exterior improvements include wood siding, a composition roof, and fencing. Utilities are provided via public water and public sewer, and parking is available via a carport.
Each unit is equipped with a mix of included appliances and electric and natural gas heating support, aligning with a streamlined residential income setup.
The property sits on a 0.17-acre lot and totals 2,726 square feet, built in 1972. Exterior improvements include wood siding, a composition roof, and fencing. Utilities are provided via public water and public sewer, and parking is available via a carport.
Each unit is equipped with a mix of included appliances and electric and natural gas heating support, aligning with a streamlined residential income setup.
Key Highlights
- Two leased sides: Side A 2/1.5 and Side B 3/2
- 2,726 SF duplex on a 0.17‑acre lot built in 1972
- Updated vinyl flooring on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,108
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,160
$442.2K
Cap Rate 7%
$315,829
$315.8K
Cap Rate 9%
$245,644
$245.6K
Market Conditions
NOI Build-Up for 2,726 SF
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.
Gross rent
$42.9K $15.72/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$40.2K $14.75/SF
− OpEx
−$18.1K −$6.64/SF
NOI
$22.1K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,160
Cap Rate 7%
$315,829
Cap Rate 9%
$245,644
Alternative Uses
Best Use
Multifamily LT 5
$351.7K
$307.8K – $410.4K
NOI $24,622 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$315.8K
$276.4K – $368.5K
NOI $22,108 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$687.2K
$601.3K – $801.8K
NOI $48,106 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
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 - Updated two-story duplex with two leased units, fenced yards, and carport parking near bus routes.
Where is this duplex located?
The property is located at 4320 52nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Two leased sides: Side A 2/1.5 and Side B 3/2; 2,726 SF duplex on a 0.17‑acre lot built in 1972; Updated vinyl flooring on both sides
