Newer Construction Duplex with
5501 Jarvis Street Lubbock, TX 79416
5501 Jarvis Street, Lubbock, TX, 79416
$365,000
For Sale
$365,000
MULTI_FAMILY - Lubbock, TX
Property Size2,890 SF
Lot Size0.17 Acres
Price / SF$126.30
Days on Market165
Property Features for 5501 Jarvis Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3
- Parking features
- Garage, Open, Driveway
- Window features
- Double Pane Windows, Blinds
- Patio and Porch features
- Porch
- Interior features
- Granite Counters, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s)
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- R340374
- Size
- 2,890 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Lincoln 16 L 237
- Tax Annual Amount
- 6046
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
Listing Agency
McDougal, REALTORS
(806) 793-0703
1500 Broadway, Suite 1400, Lubbock, TX
Listed by
Ethan Quisenberry · License #0758039
(806) 317-0234
Added: Feb 3 Checked: Jul 18 at 8:06 am
MLS# 202601480
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.
5501 Jarvis Street is a well-maintained duplex built in 2021, offering two residential units under one roof. Each side features a functional 3-bedroom, 2-bath floor plan and approximately 2-car garage parking. The property’s layout supports separate, self-contained living arrangements for each tenant.
The duplex is located in Lubbock, Texas (79416). The lot size is approximately 0.17 acres, with total property size of about 2,890 square feet. As currently occupied, Side A is under a new 1-year lease at $1,450 per month, while Side B is leased on a month-to-month basis at $1,300 per month.
For investors or owner-operators seeking income-producing multi-family housing, this duplex provides a straightforward configuration: two similarly sized, modern units with garage parking. The current leasing structure includes both a term lease and a month-to-month lease, which can be useful for planning occupancy and cash flow based on your operating strategy. The 2021 construction and practical 3/2 layouts make the property well-suited for tenants who want more space within a manageable duplex format.
The duplex is located in Lubbock, Texas (79416). The lot size is approximately 0.17 acres, with total property size of about 2,890 square feet. As currently occupied, Side A is under a new 1-year lease at $1,450 per month, while Side B is leased on a month-to-month basis at $1,300 per month.
For investors or owner-operators seeking income-producing multi-family housing, this duplex provides a straightforward configuration: two similarly sized, modern units with garage parking. The current leasing structure includes both a term lease and a month-to-month lease, which can be useful for planning occupancy and cash flow based on your operating strategy. The 2021 construction and practical 3/2 layouts make the property well-suited for tenants who want more space within a manageable duplex format.
Key Highlights
- Duplex built in 2021 with two units, each offering a 3 bed/2 bath layout and 1,445 SF
- Side A: new 1‑year lease at $1,450/month
- Side B: leased on a month‑to‑month basis at $1,300/month
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Built in 2021, this duplex offers two 3-bedroom, 2-bath units with 2-car garages.
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: Duplex built in 2021 with two units, each offering a 3 bed/2 bath layout and 1,445 SF; Side A: new 1‑year lease at $1,450/month; Side B: leased on a month‑to‑month basis at $1,300/month
