Duplex with Private Bedroom
5420 Harvard Street Lubbock, TX 79416
5420 Harvard Street, Lubbock, TX, 79416
$260,000
Pending
For Sale
$260,000
Pending
MULTI_FAMILY - Other - Lubbock, TX
Property Size2,732 SF
Lot Size0.19 Acres
Days on Market42
Property Features for 5420 Harvard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
- Parking features
- Garage
- Interior features
- Ceiling Fan(s)
- Fencing
- Fenced
- Appliances
- Electric Oven, Microwave, Refrigerator
- Standard status
- Pending
- APN
- R303637
- Size
- 2,732 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- Lynnwood L 141
- Tax Annual Amount
- 4047
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
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
10210 Quaker Ave, Lubbock, TX
Listed by
Cindy Harrison · License #0757397
(806) 729-1924
Added: Jun 6 Checked: Jul 17 at 10:06 am
MLS# 202607774
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 is configured as two mirror-style residential units, each offering three bedrooms and three full bathrooms. The layout provides a private full bathroom for every bedroom, supporting tenant privacy and convenience. Both units include washer and dryer connections, small fenced backyards, and off-street parking accessible through a shared driveway.
The property is located in north Lubbock, with convenient access to Loop 289, Texas Tech University, and the Medical District. The combination of nearby employment and education centers may be appealing to tenants looking for functional living space within easy reach of daily destinations.
For investors, the duplex is presented as an income-producing asset, with both units currently leased and providing immediate rental income. For tenants, the setup supports low-maintenance daily routines with in-unit laundry connections, dedicated bathroom access from each bedroom, and outdoor space in the form of small fenced yards, along with off-street parking through the shared driveway.
The property is located in north Lubbock, with convenient access to Loop 289, Texas Tech University, and the Medical District. The combination of nearby employment and education centers may be appealing to tenants looking for functional living space within easy reach of daily destinations.
For investors, the duplex is presented as an income-producing asset, with both units currently leased and providing immediate rental income. For tenants, the setup supports low-maintenance daily routines with in-unit laundry connections, dedicated bathroom access from each bedroom, and outdoor space in the form of small fenced yards, along with off-street parking through the shared driveway.
Key Highlights
- Duplex with 3 bedrooms and 3 full bathrooms on each side; each bedroom has its own full bathroom
- Both units are currently leased for immediate rental income
- Each unit includes washer and dryer connections and small fenced backyards
Local 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
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FAQs
What type of property is this?
Duplex - Duplex offers two leased units with washer/dryer connections, fenced backyards, and off-street parking.
Where is this duplex located?
The property is located at 5420 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 with 3 bedrooms and 3 full bathrooms on each side; each bedroom has its own full bathroom; Both units are currently leased for immediate rental income; Each unit includes washer and dryer connections and small fenced backyards
