Leased Duplex with Fenced
5408 Harvard Street Lubbock, TX 79416
For Sale
$260,000
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,732 SF
Lot Size0.19 Acres
Price / SF$95.17
Days on Market58
Property Features for 5408 Harvard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 5, Bathroom 6, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking features
- Garage
- Interior features
- Ceiling Fan(s)
- Fencing
- Fenced
- Appliances
- Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- R303643
- Size
- 2,732 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Lynnwood L 147
- Tax Annual Amount
- 4047
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Cindy Harrison · License #0757397
(806) 729-1924
Added: May 28
Changed: Jul 18
Last Checked: Jul 24 at 4:06PM
MLS# 202607458
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.
The property is a duplex consisting of two mirror-image sides, each offering three bedrooms and three full bathrooms. Each bedroom is paired with its own full bathroom, supporting privacy and straightforward roommate or suite-style living. Washer and dryer connections are included for both units, and each side has a small fenced backyard. Off-street parking is provided through a shared driveway serving the property.
Located in north Lubbock, the duplex provides convenient access to Loop 289, Texas Tech University, and the Medical District. This accessibility can be particularly useful for tenants who commute to campus or area employment centers.
For investors, both units are currently leased, which may support immediate occupancy. For tenants, the unit design emphasizes bedroom-level bathroom access and practical in-home laundry hookups, along with outdoor space behind the fenced backyard. The shared driveway and small fenced areas can also help reduce day-to-day maintenance needs compared with larger-lot alternatives, making this layout well-suited for low-maintenance rental living.
Located in north Lubbock, the duplex provides convenient access to Loop 289, Texas Tech University, and the Medical District. This accessibility can be particularly useful for tenants who commute to campus or area employment centers.
For investors, both units are currently leased, which may support immediate occupancy. For tenants, the unit design emphasizes bedroom-level bathroom access and practical in-home laundry hookups, along with outdoor space behind the fenced backyard. The shared driveway and small fenced areas can also help reduce day-to-day maintenance needs compared with larger-lot alternatives, making this layout well-suited for low-maintenance rental living.
Key Highlights
- Duplex built in 2004 with central electric heat and central air (electric cooling)
- Two units, each with 3 bedrooms and 3 full bathrooms (each bedroom has its own full bath)
- Both units include washer/dryer connections and small fenced backyards
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 | $42.9k | $15.72 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $40.3k | $14.75 |
| − OpEx | −$18.1k | −$6.64 |
| NOI | $22.2k | $8.11 |
2,732 SF · lease $15.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$316.5K
$277.0K – $369.3K
NOI $22,156 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$688.7K
$602.7K – $803.5K
NOI $48,212 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom, 3-bath units, each with washer/dryer connections and private fenced backyards.
Where is this duplex located?
The property is located at 5408 Harvard Street Lubbock, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex built in 2004 with central electric heat and central air (electric cooling); Two units, each with 3 bedrooms and 3 full bathrooms (each bedroom has its own full bath); Both units include washer/dryer connections and small fenced backyards
