Duplex with Private
New
For Sale
$299,900
2122 N Jayton Avenue, Lubbock, TX 79403
Residential Income, Lubbock, TX
Property Size2,374 SF
Lot Size0.15 Acres
Price / SF$126.33
Days on Market5
Property Features for 2122 N Jayton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking features
Garage, Secured, Driveway, Open, Covered
Window features
Blinds, Screens, Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Breakfast Bar, Built-in Features, Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Storage, Walk-In Closet(s), Wired for Data
Exterior features
Lighting, Private Entrance, Private Yard
Fencing
Perimeter, Gate, Fenced
Appliances
Dishwasher, Disposal, Electric Cooktop, Exhaust Fan
Lot features
Back Yard, City Lot, Cleared, Cul-De-Sac, Front Yard, Landscaped, Level
Elementary school
Carmona-Harrison
Middle school
Cavazos
High school
Lubbock
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Directions
Turn left onto Texas 289 Loop Frontage Rd W, Turn right onto N Cypress Rd, Turn left onto Wabash St, Turn left onto N Jayton Ave, House will be on left side of street.
Subdivision
5
Standard status
Active
APN
R341842
Size
2,374 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
Cypress Grove L 176
Tax Annual Amount
5497
Legal Description
Cypress Grove L 176
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Amenities
open-concept floor plan
updated finishes
window coverings
no carpet
granite countertops
dishwasher
microwave
walk-in pantry
laundry room
isolated primary suite
private bath
walk-in closet
fenced backyard
covered patio
xeriscaping
turf
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Michelle Kauffman Real Estate
(806) 535-9110
Listed By:
Michelle Kauffman · License #0626559
(806) 687-7700
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 18 at 4:06PM
MLS# 202612750
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.
Built in 2021, this 2,374-square-foot duplex includes two residences, each with 3 bedrooms, 2 full bathrooms, a laundry room, and a 1-car garage. Both floor plans feature open living and dining areas, vinyl flooring throughout, granite kitchen counters, a dishwasher, microwave, walk-in pantry, isolated primary suite, private bath, and walk-in closet. Covered patios, fenced backyards, xeriscaping, and turf extend the usable space outdoors. Central electric heating and cooling, public water, and public sewer serve the property on a 0.15-acre lot.
Located on N Jayton Avenue in Lubbock, the property offers access to North Loop 289 and is near Texas Tech, the medical district, Lubbock Country Club, and Lubbock Preston Smith International Airport. The site also includes driveway and open parking, perimeter fencing, and a composition roof.
Located on N Jayton Avenue in Lubbock, the property offers access to North Loop 289 and is near Texas Tech, the medical district, Lubbock Country Club, and Lubbock Preston Smith International Airport. The site also includes driveway and open parking, perimeter fencing, and a composition roof.
Key Highlights
- Two‑residence duplex built in 2021
- Each unit includes 3 bedrooms, 2 full baths, a laundry room, and a 1‑car garage
- 2,374 square feet on a 0.15‑acre lot
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
$21,442
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
7.15%
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%
$428,840
$428.8K
Cap Rate 7%
$306,314
$306.3K
Cap Rate 9%
$238,244
$238.2K
Market Conditions
NOI Build-Up for 2,374 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
$32.8K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$30.6K $12.90/SF
− OpEx
−$9.2K −$3.87/SF
NOI
$21.4K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$428,840
Cap Rate 7%
$306,314
Cap Rate 9%
$238,244
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.0K – $357.4K
NOI $21,442 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$275.0K
$240.7K – $320.9K
NOI $19,253 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$598.5K
$523.7K – $698.2K
NOI $41,894 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 79403, TX
15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence combines open living areas, updated finishes, fenced outdoor space, and low-maintenance landscaping.
Where is this duplex located?
The property is located at 2122 N Jayton Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑residence duplex built in 2021; Each unit includes 3 bedrooms, 2 full baths, a laundry room, and a 1‑car garage; 2,374 square feet on a 0.15‑acre lot
