Duplex with Private
For Sale
Under Contract
$345,000
1404 17th Street, Shallowater, TX 79363
MULTI_FAMILY - Shallowater, TX
Property Size3,102 SF
Lot Size0.19 Acres
Price / SF$111.22
Days on Market153
Property Features for 1404 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 2
Parking features
Garage, Open
Interior features
Ceiling Fan(s), Kitchen Island, Walk-In Closet(s)
Exterior features
Private Yard
Fencing
Privacy
Appliances
Gas Cooktop, Gas Oven, Microwave
Elementary school
Shallowater Intermediate
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
R336730
Size
3,102 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Highland Heights (Shallowater) L 59
Tax Annual Amount
7021
Legal Description
Highland Heights (Shallowater) L 59
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Flooring type
Plank, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
KD Elite Realty, LLC
(432) 201-0195
Listed By:
Kendall Dollins · License #0735467
(432) 201-0195
Added: Mar 5
Changed: Aug 4
Last Checked: Aug 5 at 3:06PM
MLS# 202602944
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 well-maintained duplex at 1404 17th Street features two units (Unit A and Unit B). Each side offers three bedrooms, two bathrooms, and a two-car garage, with durable vinyl plank flooring throughout and no carpet. Kitchens and bathrooms include granite countertops, and interior features include ceiling fans, a kitchen island, and walk-in closets. The exterior includes a private yard, with privacy fencing.
Both units are currently leased, with Unit A leased through January 2027 and Unit B leased through June 2026, providing lease stability. The home is on a 0.19-acre lot and was built in 2021. Utilities include public water and public sewer, with central natural gas heating and central air cooling.
Additional details include brick construction and a composition roof, plus gas appliances such as a gas cooktop and gas oven, microwave, and central systems for year-round comfort.
Both units are currently leased, with Unit A leased through January 2027 and Unit B leased through June 2026, providing lease stability. The home is on a 0.19-acre lot and was built in 2021. Utilities include public water and public sewer, with central natural gas heating and central air cooling.
Additional details include brick construction and a composition roof, plus gas appliances such as a gas cooktop and gas oven, microwave, and central systems for year-round comfort.
Key Highlights
- Unit A leased through January 2027 and Unit B leased through June 2026
- Three bedrooms and two bathrooms per unit, plus a two‑car garage
- Vinyl plank flooring throughout with no carpet
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 | $42.8k | $13.80 |
| − Vacancy | −$2.8k | −$0.90 |
| EGI | $40.0k | $12.90 |
| − OpEx | −$12.0k | −$3.87 |
| NOI | $28.0k | $9.03 |
3,102 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.2K – $467.0K
NOI $28,018 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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-maintained brick duplex with both sides leased, vinyl plank flooring, granite countertops, and a private yard.
Where is this duplex located?
The property is located at 1404 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: Unit A leased through January 2027 and Unit B leased through June 2026; Three bedrooms and two bathrooms per unit, plus a two‑car garage; Vinyl plank flooring throughout with no carpet
