Duplex with Attached Two-Car
New
For Sale
$200,000
Pending
406 N Zenith Avenue, Lubbock, TX 79403
MULTI_FAMILY - Lubbock, TX
Property Size2,176 SF
Lot Size0.19 Acres
Days on Market4
Property Features for 406 N Zenith Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 1
Parking features
Driveway, Garage
Security features
Security
Patio and Porch features
Porch
Interior features
Granite Counters, Open Floorplan
Exterior features
Private Yard
Appliances
Dishwasher
Lot features
Back Yard
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
1
Special listing conditions
Short Sale
Standard status
Pending
APN
R137569
Size
2,176 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Wilshire Park L 406
Tax Annual Amount
4424
Legal Description
Wilshire Park L 406
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Number of units
2
Flooring type
Vinyl
Building materials
Masonite
Roof type
Composition
Listing Agency:
Our Texas Real Estate Group
(512) 375-2380
Listed By:
Stephanie Grantham · License #0588956
(806) 549-1298
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 202610357
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 under-construction duplex is planned for modern, comfortable living with an open-concept floor plan and granite countertops. Each unit is designed with stainless steel appliances, vinyl plank flooring, and spacious primary suites with walk-in closets. Upstairs laundry rooms add convenience, and each home includes an attached 2-car garage. Exterior plans call for a private yard and a porch.
The property is set on a 0.19-acre lot and totals 2,176 square feet. The home is being built with central heating and central air, a composition roof, and Masonite construction. Public water is available, and cable is listed as available.
Built in 2023, the duplex is currently under construction at 406 N Zenith Avenue in Lubbock, TX 79403, offering a structured, residential layout well suited to either investor occupancy or owner-occupation.
The property is set on a 0.19-acre lot and totals 2,176 square feet. The home is being built with central heating and central air, a composition roof, and Masonite construction. Public water is available, and cable is listed as available.
Built in 2023, the duplex is currently under construction at 406 N Zenith Avenue in Lubbock, TX 79403, offering a structured, residential layout well suited to either investor occupancy or owner-occupation.
Key Highlights
- 0.19‑acre lot and 2,176 SF duplex under construction
- Built in 2023 with central heating and central air
- Each unit features 3 bedrooms and 2 bathrooms
Financial Insights For Apartment 5plus
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 | $34.2k | $15.72 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $32.1k | $14.75 |
| − OpEx | −$14.4k | −$6.64 |
| NOI | $17.6k | $8.11 |
2,176 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.6K
NOI $19,654 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,647 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 19.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
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
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 - Under-construction duplex with attached 2-car garages per unit, open layouts, and central heating and cooling.
Where is this duplex located?
The property is located at 406 N Zenith Avenue Lubbock, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 0.19‑acre lot and 2,176 SF duplex under construction; Built in 2023 with central heating and central air; Each unit features 3 bedrooms and 2 bathrooms
