Two-Unit Duplex with
4203 17th Street Lubbock, TX 79416
4203 17th Street, Lubbock, TX, 79416
$222,000
For Sale
$222,000
MULTI_FAMILY - Lubbock, TX
Property Size2,000 SF
Lot Size0.18 Acres
Price / SF$111
Days on Market53
Property Features for 4203 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- Parking features
- Carport
- Interior features
- Ceiling Fan(s)
- Appliances
- Electric Oven, Range Hood
- Standard status
- Active
- APN
- R75296
- Size
- 2,000 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Cowan Blk 6 L 4A
- Tax Annual Amount
- 2134
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1965
- Number of units
- 2
- Flooring type
- Vinyl, Linoleum
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Exit Realty of Lubbock
(806) 771-3900
2405 W Loop 289, Ste 100, Lubbock, TX
Listed by
Sharon Mirll · License #0632808
(806) 771-3900
Added: May 26 Checked: Jul 17 at 1:06 pm
MLS# 202607066
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 duplex is configured as two separate units, each featuring 2 bedrooms and 1 bathroom, with approximately 1,000 square feet per side. Each unit includes a 1-car carport, supporting convenient covered parking for residents. The property is sized on a 0.18-acre lot, providing a compact residential income setup designed for straightforward duplex ownership.
Located at 4203 17th Street in Lubbock, the property is positioned near Texas Tech University, Lubbock Christian University, and the Lubbock medical district. This makes it a practical option for tenants who want to be close to school and healthcare-related employment.
For owner-occupants, the duplex layout allows you to reside in one side while renting the other, creating a built-in way to offset housing expenses. For investors, the property provides a two-unit residential income structure with separate units, which can support diversified tenant placement within a single asset. Overall, it offers a simple, functional duplex configuration in a location convenient to schools and the medical district.
Located at 4203 17th Street in Lubbock, the property is positioned near Texas Tech University, Lubbock Christian University, and the Lubbock medical district. This makes it a practical option for tenants who want to be close to school and healthcare-related employment.
For owner-occupants, the duplex layout allows you to reside in one side while renting the other, creating a built-in way to offset housing expenses. For investors, the property provides a two-unit residential income structure with separate units, which can support diversified tenant placement within a single asset. Overall, it offers a simple, functional duplex configuration in a location convenient to schools and the medical district.
Key Highlights
- Duplex with two units, each approximately 1,000 SF, plus a 1‑car carport
- Each unit has 2 bedrooms and 1 bathroom (rooms include 4 bedrooms total and 2 bathrooms)
- Central heating with natural gas and central air cooling
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 | $27.6k | $13.80 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $25.8k | $12.90 |
| − OpEx | −$7.7k | −$3.87 |
| NOI | $18.1k | $9.03 |
2,000 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$231.7K
$202.8K – $270.3K
NOI $16,220 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$504.2K
$441.2K – $588.2K
NOI $35,294 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers two 2-bedroom, 1-bath units and a 1-car carport for each side near major Lubbock employment centers.
Where is this duplex located?
The property is located at 4203 17th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: Duplex with two units, each approximately 1,000 SF, plus a 1‑car carport; Each unit has 2 bedrooms and 1 bathroom (rooms include 4 bedrooms total and 2 bathrooms); Central heating with natural gas and central air cooling
