2022-Built Townhome Duplex
5508 & 5510 Kemper Street Lubbock, TX 79416
5508 & 5510 Kemper Street, Lubbock, TX, 79416
$350,000
For Sale
$350,000
MULTI_FAMILY - Lubbock, TX
Property Size2,826 SF
Price / SF$123.85
Days on Market313
Property Features for 5508 & 5510 Kemper Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2
- Parking
- 3
- Parking features
- Garage
- Interior features
- Granite Counters, Recessed Lighting
- Appliances
- Dryer, Electric Range
- Standard status
- Active
- APN
- R340425
- Size
- 2,826 SF
Taxes and HOA fees
- Tax Description
- LINCOLN 16
- Tax Annual Amount
- 7000
Utilities
- Utilities
- Water Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Sam Riddle · License #0717805
(512) 466-3719
Added: Sep 8, 2025 Checked: Jul 17 at 2:06 pm
MLS# 202560125
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 for-sale duplex package features two townhomes built in 2022, offered as a like-new rental property opportunity on Kemper Street in Lubbock. The package currently includes 5508 and 5510 Kemper Street, with an option to purchase 5512 and 5514 Kemper as well.
The two included units are leased and consist of one 3-bedroom, 2-bath townhome with a 2-car garage and one 2-bedroom, 2-bath townhome with a 1-car garage. Both homes feature granite countertops, modern finishes, and open-concept layouts.
If purchased as the full package, the offering would include four townhomes in total. All units in the package are currently leased.
The two included units are leased and consist of one 3-bedroom, 2-bath townhome with a 2-car garage and one 2-bedroom, 2-bath townhome with a 1-car garage. Both homes feature granite countertops, modern finishes, and open-concept layouts.
If purchased as the full package, the offering would include four townhomes in total. All units in the package are currently leased.
Key Highlights
- Built in 2022 brick townhome package with central heating and central air
- Package of like‑new leased units: includes 5508 & 5510, and can be bought with 5512 & 5514 Kemper; all units are currently leased
- Unit mix: one 3‑bedroom, 2‑bath townhome with a 2‑car garage and one 2‑bedroom, 2‑bath townhome with a 1‑car garage
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 | $39.0k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.5k | $12.90 |
| − OpEx | −$10.9k | −$3.87 |
| NOI | $25.5k | $9.03 |
2,826 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.6K
$319.1K – $425.4K
NOI $25,525 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,919 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$712.4K
$623.4K – $831.2K
NOI $49,871 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2022, this duplex package on Kemper Street includes two leased townhomes with garage parking and open-concept layouts.
Where is this duplex located?
The property is located at 5508 & 5510 Kemper Street Lubbock, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 2022 brick townhome package with central heating and central air; Package of like‑new leased units: includes 5508 & 5510, and can be bought with 5512 & 5514 Kemper; all units are currently leased; Unit mix: one 3‑bedroom, 2‑bath townhome with a 2‑car garage and one 2‑bedroom, 2‑bath townhome with a 1‑car garage
