Updated Duplex Income
For Sale
$249,500
4320 52nd St, Lubbock, TX 79413
Two-story duplex features updated vinyl flooring, fireplaces, and separate leased units with backyard space.
Property Size2,726 SF
Price / SF$91.53
Days on Market23
Property Features for 4320 52nd St
General Information
Standard status
Active
Size
2,726 SF
Property subtype
Multi-Family
Amenities
fireplace
backyard
storage unit
Building Details
Year Built
1972
Stories
2
Listing Agency:
eXp Realty LLC
(806) 781-7054
Listed By:
Karisa Langley · License #0698012
Source:
Raftercrossrealty
Added: Jul 21
Changed: Aug 7
Last Checked: Aug 12 at 9:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This updated two-story duplex offers two separate sides with distinct bedroom and layout configurations. Side A is a 2/1.5 unit with updated vinyl flooring and a living room fireplace, with all bedrooms located upstairs. Side B is a 3/2 unit with updated vinyl flooring, a fireplace, and an open-concept main area, including one bedroom downstairs and two bedrooms upstairs. Both sides include backyard space, and Side B also has a storage unit.
The property is described as being close to Tech and within walking distance to bus routes, providing convenient access for residents.
Side A is currently leased, while the duplex is being offered with an investor-focused setup that can also support owner-occupancy while leasing the other side.
The property is described as being close to Tech and within walking distance to bus routes, providing convenient access for residents.
Side A is currently leased, while the duplex is being offered with an investor-focused setup that can also support owner-occupancy while leasing the other side.
Key Highlights
- 1972 two‑story duplex with two separately leased units (Side A and Side B)
- Side A: 2 bed, 1.5 bath unit with updated vinyl flooring and living room fireplace
- Side A bedrooms are upstairs, separate from entertaining spaces
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
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 - Two-story duplex features updated vinyl flooring, fireplaces, and separate leased units with backyard space.
Where is this duplex located?
The property is located at 4320 52nd St 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: 1972 two‑story duplex with two separately leased units (Side A and Side B); Side A: 2 bed, 1.5 bath unit with updated vinyl flooring and living room fireplace; Side A bedrooms are upstairs, separate from entertaining spaces
