Updated Duplex Income
For Sale
$249,500
4320 52nd St, Lubbock, TX 79413
Two-story duplex features updated vinyl flooring, fireplaces, and separate leased units with backyard space.
Property Size2,726 SF
Price / SF$91.53
Days on Market299
Property Features for 4320 52nd St
General Information
Standard status
Active
Size
2,726 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,860
Amenities
fireplace
backyard
storage unit
Building Details
Stories
2
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Karisa Langley · License #0698012
(806) 781-7054
Source:
Exprealty
Added: Jan 9
Changed: Oct 25
Last Checked: Nov 1 at 10:48AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This updated two-story duplex offers two separate sides with distinct bedroom and layout configurations. Side A is a 2/1.5 unit with updated vinyl flooring and a living room fireplace, with all bedrooms located upstairs. Side B is a 3/2 unit with updated vinyl flooring, a fireplace, and an open-concept main area, including one bedroom downstairs and two bedrooms upstairs. Both sides include backyard space, and Side B also has a storage unit.
The property is described as being close to Tech and within walking distance to bus routes, providing convenient access for residents.
Side A is currently leased, while the duplex is being offered with an investor-focused setup that can also support owner-occupancy while leasing the other side.
The property is described as being close to Tech and within walking distance to bus routes, providing convenient access for residents.
Side A is currently leased, while the duplex is being offered with an investor-focused setup that can also support owner-occupancy while leasing the other side.
Key Highlights
- 1972 two‑story duplex with two separately leased units (Side A and Side B)
- Side A: 2 bed, 1.5 bath unit with updated vinyl flooring and living room fireplace
- Side A bedrooms are upstairs, separate from entertaining spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,108
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,160
$442.2K
Cap Rate 7%
$315,829
$315.8K
Cap Rate 9%
$245,644
$245.6K
Market Conditions
NOI Build-Up for 2,726 SF
Gross rent
$42.9K $15.72/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$40.2K $14.75/SF
− OpEx
−$18.1K −$6.64/SF
NOI
$22.1K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,160
Cap Rate 7%
$315,829
Cap Rate 9%
$245,644
Alternative Uses
Best Use
Multifamily LT 5
$351.7K
$307.8K – $410.4K
NOI $24,622 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$315.8K
$276.4K – $368.5K
NOI $22,108 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$687.2K
$601.3K – $801.8K
NOI $48,106 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
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Business Placement
Demographics for 79413, TX
20,962
Population
9,590
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
4,460
Density / Sq Mi
$67,062
Median Household Income
$38,004
Median Earnings
$1,325
Median Rent
$195,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex features updated vinyl flooring, fireplaces, and separate leased units with backyard space.
Where is this duplex located?
The property is located at 4320 52nd St Lubbock, TX.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 1972 two‑story duplex with two separately leased units (Side A and Side B); Side A: 2 bed, 1.5 bath unit with updated vinyl flooring and living room fireplace; Side A bedrooms are upstairs, separate from entertaining spaces
