Well-Maintained Ranch
4309 58th Street Lubbock, TX 79413
For Sale
$220,000
MULTI_FAMILY - Ranch - Lubbock, TX
Property Size2,330 SF
Lot Size0.21 Acres
Price / SF$94.42
Days on Market54
Property Features for 4309 58th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Parking features
- Garage, Driveway
- Window features
- Window Coverings
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Formica Counters
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Range, Microwave, Range Hood
- Standard status
- Active
- APN
- R26311
- Size
- 2,330 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- Broadmoor L 689
- Tax Annual Amount
- 3431
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Number of units
- 2
- Flooring type
- Carpet, Tile, Plank
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Nancy Garrett · License #0466808
(806) 438-0181
Added: Jun 1
Changed: Jul 18
Last Checked: Jul 24 at 5:06PM
MLS# 202607379
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 well-maintained ranch duplex is a professionally managed residential income property with tenants already in place. The offering includes a total property size of 2,330 square feet and sits on a 0.21-acre lot. The current setup is positioned for buyers seeking an operational property rather than a vacant renovation.
Located at 4309 58th Street in Lubbock, Texas 79413, the property is described as having central positioning with easy access to everyday essentials. The listing information emphasizes convenience for residents and practical day-to-day access for management and service needs.
For owner-users and investors, the key consideration is that the property is actively managed and occupied, which can simplify transition and reduce immediate downtime risk associated with vacant units. The ranch duplex configuration supports traditional multifamily usage as a residential income asset, while the maintained condition and in-place tenancy align with buyers looking for a managed, turn-key style purchase. All stated details are based on the information provided, including property size, lot size, and the current professional management and tenant occupancy.
Located at 4309 58th Street in Lubbock, Texas 79413, the property is described as having central positioning with easy access to everyday essentials. The listing information emphasizes convenience for residents and practical day-to-day access for management and service needs.
For owner-users and investors, the key consideration is that the property is actively managed and occupied, which can simplify transition and reduce immediate downtime risk associated with vacant units. The ranch duplex configuration supports traditional multifamily usage as a residential income asset, while the maintained condition and in-place tenancy align with buyers looking for a managed, turn-key style purchase. All stated details are based on the information provided, including property size, lot size, and the current professional management and tenant occupancy.
Key Highlights
- Ranch‑style brick home built in 1965 with 4 bedrooms and 4 bathrooms
- Central heat and central air conditioning with natural gas and electric systems
- Fireplace included
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 | $36.6k | $15.72 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $34.4k | $14.75 |
| − OpEx | −$15.5k | −$6.64 |
| NOI | $18.9k | $8.11 |
2,330 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,896 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kayfabe All Day
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Professionally managed duplex with tenants in place, offering straightforward residential income ownership in a central Lubbock setting.
Where is this duplex located?
The property is located at 4309 58th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Ranch‑style brick home built in 1965 with 4 bedrooms and 4 bathrooms; Central heat and central air conditioning with natural gas and electric systems; Fireplace included
