Newer Construction Duplex with
404 N Zenith Avenue Lubbock, TX 79403
New
404 N Zenith Avenue, Lubbock, TX, 79403
$285,000
For Sale
$285,000
MULTI_FAMILY - Craftsman - Lubbock, TX
Property Size2,176 SF
Lot Size0.19 Acres
Price / SF$130.97
Days on Market5
Property Features for 404 N Zenith Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6
- Parking features
- Garage, Driveway
- Security features
- Security
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Granite Counters, High Ceilings, Pantry, Smart Camera(s)/Recording
- Exterior features
- Private Yard
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Microwave, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- R137517
- Size
- 2,176 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Wilshire Park L 405
- Tax Annual Amount
- 3827
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Masonite
- Roof type
- Composition
- Architectural style
- Craftsman
Listing Agency
Our Texas Real Estate Group
(512) 375-2380
350 Aspen Dr, Lubbock, TX
Listed by
Stephanie Grantham · License #0588956
(806) 549-1298
Added: Jul 13 Checked: Jul 17 at 10:06 am
MLS# 202609621
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 newer construction duplex consists of two units, with each side featuring 3 bedrooms and 2 bathrooms. The layout includes an open-concept floor plan, vinyl plank flooring, and a kitchen with granite countertops, stainless steel appliances, and rich cabinetry. Each unit also includes a spacious primary suite with a walk-in closet, along with an attached 2-car garage and an upstairs laundry room.
The property is located at 404 N Zenith Avenue in Lubbock, Texas 79403. The lot size is listed at 0.19 acres, and the property size is listed at 2,176 square feet.
With consistent finishes and a well-defined unit configuration across both sides, the duplex offers a straightforward two-unit residential income setup under a single ownership structure.
The property is located at 404 N Zenith Avenue in Lubbock, Texas 79403. The lot size is listed at 0.19 acres, and the property size is listed at 2,176 square feet.
With consistent finishes and a well-defined unit configuration across both sides, the duplex offers a straightforward two-unit residential income setup under a single ownership structure.
Key Highlights
- Under construction 2023 Craftsman duplex with public water and a composition roof
- Each unit offers 3 bedrooms and 2 bathrooms with an open‑concept floor plan
- Kitchens include granite counters and stainless steel appliances (dishwasher, electric cooktop/oven/range, microwave)
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 | $30.0k | $13.80 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $28.1k | $12.90 |
| − OpEx | −$8.4k | −$3.87 |
| NOI | $19.7k | $9.03 |
2,176 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,647 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newer construction duplex with two units, each offering 3 bedrooms and attached two-car garages.
Where is this duplex located?
The property is located at 404 N Zenith Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Under construction 2023 Craftsman duplex with public water and a composition roof; Each unit offers 3 bedrooms and 2 bathrooms with an open‑concept floor plan; Kitchens include granite counters and stainless steel appliances (dishwasher, electric cooktop/oven/range, microwave)
