Income Duplex For
4602 52nd St Lubbock, TX 79414
New
For Sale
$175,000
Duplex with one unit currently rented through 2/28/2027, positioned just off 50th Street and Salem Avenue.
Property Size1,672 SF
Price / SF$104.67
Days on Market4
Property Features for 4602 52nd St
General Information
- Standard status
- Active
- Size
- 1,672 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1965
Listing Agency:
Keller Williams Realty
(806) 777-4459
Listed By:
Gregory Brownd · License #0596497
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:17AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex offers residential income potential with a current tenant in Side A. Side A is rented for $775/month through 2/28/2027. The listing agent is part of the ownership group for the property.
The property is located just off 50th Street and Salem Avenue at 4602 52nd St in Lubbock, TX 79414.
As a duplex, the asset consists of two residential sides, providing a straightforward rental configuration for an owner-operator or investor.
The property is located just off 50th Street and Salem Avenue at 4602 52nd St in Lubbock, TX 79414.
As a duplex, the asset consists of two residential sides, providing a straightforward rental configuration for an owner-operator or investor.
Key Highlights
- Duplex built in 1965
- One unit is currently rented for $775/month
- Tenant lease runs through 2/28/2027
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 | $23.1k | $13.80 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $21.6k | $12.90 |
| − OpEx | −$6.5k | −$3.87 |
| NOI | $15.1k | $9.03 |
1,672 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,102 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$193.7K
$169.5K – $226.0K
NOI $13,560 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$421.5K
$368.8K – $491.8K
NOI $29,506 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with one unit currently rented through 2/28/2027, positioned just off 50th Street and Salem Avenue.
Where is this duplex located?
The property is located at 4602 52nd St Lubbock, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Duplex built in 1965; One unit is currently rented for $775/month; Tenant lease runs through 2/28/2027
