1407 17th Street, Shallowater, TX 79363
MULTI_FAMILY - Shallowater, TX
- Added:
- Mar 26, 2026
- Days on Market:
- 88
- Last Refresh:
- Jun 21 at 2:06 pm
Property Features for 1407 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- On Street, Garage
- Window features
- Low Emissivity Windows
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Walk-In Closet(s)
- Exterior features
- Outdoor Kitchen
- Fencing
- Fenced
- Appliances
- Dishwasher
- Standard status
- Active Under Contract
- APN
- R336728
- Size
- 2,836 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Highland Heights (Shallowater) L 57
- Tax Annual Amount
- 6483
Utilities
- Utilities
- Electricity Available
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Batts Insulation, Blown-In Insulation, Brick
- Roof type
- Composition
- Additional Structures
- Outdoor Kitchen
Listing agent Doug Duncan License #0563978 (806) 577-5595
Listing office Real Broker, LLC 5820 66th Street, #401, Lubbock, TX (806) 577-5595
Listing date Mar 26, 2026
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.
HighLights
- New construction duplex built in 2022 (Stoker Brothers Construction)
- Each side has a 2‑car garage, with A & B layouts offered on each side
- Interior features include ceiling fans and walk‑in closets
- Central heating (natural gas) and central air with electric cooling
- Kitchen appliance includes a dishwasher
- Exterior amenities include an outdoor kitchen and patio, plus fenced yard
Overview
Located at 1407 17th Street in Shallowater, Texas, the property is in Highland Heights, identified as the area’s newest development. The public remarks note the duplex is within walking distance to local schools, which can be an important consideration for residential renters.
As a residential income asset, the duplex configuration creates flexibility for an owner seeking two well-sized units with similar layouts. The 3/2 setup can accommodate a range of household needs, while the inclusion of a 2-car garage for each side supports practical storage and vehicle parking. The property’s established unit design and straightforward duplex plan make it easy to market and manage as a straightforward rental option in the Shallowater area.
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 | $39.1k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.6k | $12.90 |
| − OpEx | −$11.0k | −$3.87 |
| NOI | $25.6k | $9.03 |
Alternative Uses
Current Use by Public Records
Map
- City
- Shallowater
- County
- Lubbock
- State
- Texas
- Longitude
- -101.986094
- Latitude
- 33.698391
