Duplex with Income-Producing Side
4602 52nd Street Lubbock, TX 79414
New
4602 52nd Street, Lubbock, TX, 79414
$175,000
For Sale
$175,000
MULTI_FAMILY - Lubbock, TX
Property Size1,672 SF
Lot Size0.16 Acres
Price / SF$104.67
Days on Market2
Property Features for 4602 52nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
- Parking features
- Off Street
- Window features
- Window Coverings
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Gas Oven, Gas Range
- Standard status
- Active
- APN
- R40437
- Size
- 1,672 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Nor Don L 25
- Tax Annual Amount
- 2084
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Gregory Brownd · License #0596497
(806) 777-4459
Added: Jul 17 Checked: Jul 18 at 11:06 am
MLS# 202609868
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 offers two rental sides, with Side A currently leased for $775 per month until 2/28/2027. The property is presented for sale as a residential income asset.
The home is located in Lubbock, Texas, just off 50th Street and Salem Avenue, providing convenient local access.
Because one side is already under lease through early 2027, the property may appeal to buyers seeking established rental income as part of their purchase decision.
The home is located in Lubbock, Texas, just off 50th Street and Salem Avenue, providing convenient local access.
Because one side is already under lease through early 2027, the property may appeal to buyers seeking established rental income as part of their purchase decision.
Key Highlights
- Duplex with side A rented for $775/month through 2/28/2027
- Built in 1965 with brick and vinyl siding exterior
- Central heating and central air conditioning (plus electric heating)
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Side A of this duplex is currently rented through 2/28/2027, located just off 50th Street and Salem Avenue.
Where is this duplex located?
The property is located at 4602 52nd Street 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 with side A rented for $775/month through 2/28/2027; Built in 1965 with brick and vinyl siding exterior; Central heating and central air conditioning (plus electric heating)
