2021-Built Duplex with
5501 Jarvis Street, Lubbock, TX 79416
For Sale
$365,000
Residential Income, Lubbock, TX
Property Size2,890 SF
Lot Size0.17 Acres
Price / SF$126.30
Days on Market281
Property Features for 5501 Jarvis Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
McDougal, REALTORS
(806) 793-0703
Listed By:
Ethan Quisenberry · License TX #0758039
(806) 317-0234
Added: Feb 3
Changed: Oct 31
Last Checked: Nov 10 at 8:06PM
MLS# 202601480
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.
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Investment Insights
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Located at 5501 Jarvis Street in Lubbock, this 2021-built duplex contains 2,890 square feet across two residential units. Each side measures 1,445 square feet and includes three bedrooms, two bathrooms, a two-car garage, and a practical open-concept layout. Interior features include granite countertops, kitchen islands, pantries, recessed lighting, and walk-in closets. Vinyl flooring, brick construction, central heating, central air, and ceiling fans support everyday operation and maintenance.
The property sits on a 0.17-acre lot with public water and public sewer service. Each unit includes a porch, driveway access, and garage parking. Kitchen appliances include a dishwasher, electric range, microwave, and refrigerator. Side A has a new 1-year lease, while Side B is leased month-to-month.
The property sits on a 0.17-acre lot with public water and public sewer service. Each unit includes a porch, driveway access, and garage parking. Kitchen appliances include a dishwasher, electric range, microwave, and refrigerator. Side A has a new 1-year lease, while Side B is leased month-to-month.
Key Highlights
- 2021 construction with 2,890 square feet across two units
- Each unit offers 1,445 square feet with 3 bedrooms and 2 bathrooms
- Two‑car garage serving each residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,103
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,060
$522.1K
Cap Rate 7%
$372,900
$372.9K
Cap Rate 9%
$290,033
$290.0K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$39.9K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.3K $12.90/SF
− OpEx
−$11.2K −$3.87/SF
NOI
$26.1K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,060
Cap Rate 7%
$372,900
Cap Rate 9%
$290,033
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, updated finishes, and separate garage parking in Lubbock’s Lincoln 16 neighborhood.
Where is this duplex located?
The property is located at 5501 Jarvis Street 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: 2021 construction with 2,890 square feet across two units; Each unit offers 1,445 square feet with 3 bedrooms and 2 bathrooms; Two‑car garage serving each residential unit
