Ranch-Style Duplex Income
4309 58th Street Lubbock, TX 79413
New
For Sale
$215,000
MULTI_FAMILY - Ranch - Lubbock, TX
Property Size2,330 SF
Lot Size0.21 Acres
Price / SF$92.27
Days on Market3
Property Features for 4309 58th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
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
L 689 Broadmoor
Tax Annual Amount
3432
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
Tile, Carpet, 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: Jul 25
Changed: Jul 27
Last Checked: Jul 27 at 12:06PM
MLS# 202610323
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 ranch-style duplex is well maintained and professionally managed, with tenants currently in place. The property is listed for sale as a residential income offering and includes a reported building size of 2,330 square feet on a 0.21-acre lot.
Located in Lubbock, Texas, the property is described as having a central location with easy access to everyday essentials.
For buyers looking for a straightforward income property configuration, this duplex presents an occupied, managed setup at the time of listing.
Located in Lubbock, Texas, the property is described as having a central location with easy access to everyday essentials.
For buyers looking for a straightforward income property configuration, this duplex presents an occupied, managed setup at the time of listing.
Key Highlights
- Ranch home built in 1965 with brick exterior and composition roof
- Central heating (natural gas) and central air conditioning with electric cooling
- Interior features include ceiling fans and formica counters
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 9.79%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,896 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Professionally managed duplex offers tenants in place and a well-maintained setup in a central, convenient area.
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 $215,000.
What are key features of this property?
This property features: Ranch home built in 1965 with brick exterior and composition roof; Central heating (natural gas) and central air conditioning with electric cooling; Interior features include ceiling fans and formica counters
