New Construction
For Sale
$250,000
404 N Zenith Ave #A&B, Lubbock, TX 79403
Two residential units combine open layouts with attached garages, modern finishes, private primary suites, and convenient upstairs laundry.
Property Size2,176 SF
Price / SF$114.89
Days on Market107
Property Features for 404 N Zenith Ave #A&B
General Information
Standard status
Active
Size
2,176 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
open-concept floor plan
granite countertops
stainless steel appliances
rich cabinetry
vinyl plank flooring
walk-in closets
upstairs laundry rooms
Building Details
Year Built
2023
Listing Agency:
Keller Williams Realty
Listed By:
Steadfast Realty
(806) 451-4767
Source:
Steadfast-realty
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 28 at 7:59AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains 2,176 square feet across two residential units. Each residence includes three bedrooms, two bathrooms, an open-concept layout, and an attached two-car garage. Interior finishes include granite countertops, stainless steel appliances, rich cabinetry, and vinyl plank flooring.
Both units feature spacious primary suites with walk-in closets, while upstairs laundry rooms add functional convenience to the floor plans. The property is located at 404 N Zenith Ave #A&B in Lubbock, Texas.
Both units feature spacious primary suites with walk-in closets, while upstairs laundry rooms add functional convenience to the floor plans. The property is located at 404 N Zenith Ave #A&B in Lubbock, Texas.
Key Highlights
- 2023‑built duplex with 2,176 square feet
- Each unit offers 3 bedrooms and 2 bathrooms
- Attached 2‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,654
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,080
$393.1K
Cap Rate 7%
$280,771
$280.8K
Cap Rate 9%
$218,378
$218.4K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$30.0K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$28.1K $12.90/SF
− OpEx
−$8.4K −$3.87/SF
NOI
$19.7K $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 Rate 5%
$393,080
Cap Rate 7%
$280,771
Cap Rate 9%
$218,378
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,647 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine open layouts with attached garages, modern finishes, private primary suites, and convenient upstairs laundry.
Where is this duplex located?
The property is located at 404 N Zenith Ave #A&B Lubbock, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2023‑built duplex with 2,176 square feet; Each unit offers 3 bedrooms and 2 bathrooms; Attached 2‑car garage for each residence
