Leased Townhome Investment
5512 & 5514 Kemper Street Lubbock, TX 79416
5512 & 5514 Kemper Street, Lubbock, TX, 79416
$350,000
For Sale
$350,000
MULTI_FAMILY - Lubbock, TX
Property Size2,826 SF
Price / SF$123.85
Days on Market313
Property Features for 5512 & 5514 Kemper Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Parking
- 3
- Parking features
- Garage
- Interior features
- Granite Counters, Recessed Lighting
- Appliances
- Dryer, Electric Range
- Standard status
- Active
- APN
- R340427
- Size
- 2,826 SF
Taxes and HOA fees
- Tax Description
- Lincoln 16
- Tax Annual Amount
- 7000
Utilities
- Utilities
- Water Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Sam Riddle · License #0717805
(512) 466-3719
Added: Sep 8, 2025 Checked: Jul 17 at 11:06 am
MLS# 202560126
Listing URL
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 for-sale package offers two 2022-built townhomes at 5512 & 5514 Kemper Street, with the option to purchase four units total by also including 5508 & 5510 Kemper Street. All units are currently leased. The package includes one 3-bedroom, 2-bath unit with a 2-car garage and one 2-bedroom, 2-bath unit with a 1-car garage.
Inside, the townhomes feature granite countertops, modern finishes, and open-concept layouts. Built in 2022 and described as like-new, the property is being presented as a turnkey acquisition with existing tenant occupancy.
The availability is structured as a like-for-like townhome package, whether purchasing only the two units at 5512 & 5514 or expanding to the four-unit group at the Kemper Street addresses noted in the offering.
Inside, the townhomes feature granite countertops, modern finishes, and open-concept layouts. Built in 2022 and described as like-new, the property is being presented as a turnkey acquisition with existing tenant occupancy.
The availability is structured as a like-for-like townhome package, whether purchasing only the two units at 5512 & 5514 or expanding to the four-unit group at the Kemper Street addresses noted in the offering.
Key Highlights
- Built in 2022 brick townhome package includes 2 units (5512 & 5514) with all units currently leased
- One 3‑bedroom, 2‑bath unit with a 2‑car garage
- One 2‑bedroom, 2‑bath unit with a 1‑car garage
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 | $39.0k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.5k | $12.90 |
| − OpEx | −$10.9k | −$3.87 |
| NOI | $25.5k | $9.03 |
2,826 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.6K
$319.1K – $425.4K
NOI $25,525 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,919 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$712.4K
$623.4K – $831.2K
NOI $49,871 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2022, this leased townhome package includes two units with attached garages and modern finishes.
Where is this duplex located?
The property is located at 5512 & 5514 Kemper Street Lubbock, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 2022 brick townhome package includes 2 units (5512 & 5514) with all units currently leased; One 3‑bedroom, 2‑bath unit with a 2‑car garage; One 2‑bedroom, 2‑bath unit with a 1‑car garage
