Newer Construction Duplex
5501 Jarvis St Lubbock, TX 79416
New
For Sale
$365,000
Built in 2021, this duplex offers two 3-bedroom, 2-bath units with attached 2-car garages.
Property Size2,890 SF
Price / SF$126.30
Days on Market4
Property Features for 5501 Jarvis St
General Information
- Standard status
- Active
- Size
- 2,890 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2021
Listing Agency:
McDougal, REALTORS
(806) 317-0234
Listed By:
Ethan Quisenberry · License #0758039
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:14AM
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 McDougal, REALTORS
Investment Insights
Based on property information with market context.
5501 Jarvis St is a well-maintained duplex built in 2021. The property features two spacious units, each with a functional 3-bedroom, 2-bath layout and a 2-car garage. Side A is on a new 1-year lease at $1,450 per month, while Side B is leased month-to-month at $1,300 per month.
The duplex is located in the Lincoln 16 neighborhood of Lubbock, Texas. It is positioned as an income-producing residential investment with modern construction and established current tenancy on both sides.
The duplex is located in the Lincoln 16 neighborhood of Lubbock, Texas. It is positioned as an income-producing residential investment with modern construction and established current tenancy on both sides.
Key Highlights
- Duplex built in 2021 with two units
- Each unit offers 1,445 SF with a 3‑bedroom, 2‑bath layout
- Each side includes an attached 2‑car garage
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 | $39.9k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $37.3k | $12.90 |
| − OpEx | −$11.2k | −$3.87 |
| NOI | $26.1k | $9.03 |
2,890 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.9K
$326.3K – $435.1K
NOI $26,103 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$334.8K
$293.0K – $390.6K
NOI $23,438 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$728.6K
$637.5K – $850.0K
NOI $51,000 @ 7.0% cap · market cap 13.97%
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 - Built in 2021, this duplex offers two 3-bedroom, 2-bath units with attached 2-car garages.
Where is this duplex located?
The property is located at 5501 Jarvis St Lubbock, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex built in 2021 with two units; Each unit offers 1,445 SF with a 3‑bedroom, 2‑bath layout; Each side includes an attached 2‑car garage
