Turnkey Duplex Investment
9801 Uvalde Ave Lubbock, TX 79423
New
For Sale
$349,000
Turnkey duplex with two attached garages and separate unit layouts, with both units currently occupied by tenants.
Property Size2,949 SF
Price / SF$118.35
Days on Market4
Property Features for 9801 Uvalde Ave
General Information
- Standard status
- Active
- Size
- 2,949 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2016
Listing Agency:
Southern Magnolia Real Estate
(361) 816-3661
Listed By:
Tomas Rodriguez · License #0787075
Source:
Raftercrossrealty
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:15AM
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 Southern Magnolia Real Estate
Investment Insights
Based on property information with market context.
This turnkey duplex features two separate residential units with functional floor plans and attached garages for each unit. Unit A offers two bedrooms and two bathrooms with a two-car garage. Unit B offers three bedrooms and two bathrooms with a two-car garage. Both units are currently occupied by tenants, supporting straightforward operations for a new owner.
The property is located on a quiet cul-de-sac block, which can help limit through-traffic.
As a residential income property, this duplex is designed for day-one income with a tenant-in-place configuration.
The property is located on a quiet cul-de-sac block, which can help limit through-traffic.
As a residential income property, this duplex is designed for day-one income with a tenant-in-place configuration.
Key Highlights
- Turnkey duplex built in 2016 with both units currently occupied by tenants
- Unit A offers 2 bedrooms, 2 bathrooms, and a 2‑car attached garage
- Unit B offers 3 bedrooms, 2 bathrooms, and a 2‑car attached 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 | $40.7k | $13.80 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $38.1k | $12.90 |
| − OpEx | −$11.4k | −$3.87 |
| NOI | $26.6k | $9.03 |
2,949 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.5K
$333.0K – $443.9K
NOI $26,636 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.6K
NOI $23,916 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$743.5K
$650.5K – $867.4K
NOI $52,042 @ 7.0% cap · market cap 14.91%
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 - Turnkey duplex with two attached garages and separate unit layouts, with both units currently occupied by tenants.
Where is this duplex located?
The property is located at 9801 Uvalde Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Turnkey duplex built in 2016 with both units currently occupied by tenants; Unit A offers 2 bedrooms, 2 bathrooms, and a 2‑car attached garage; Unit B offers 3 bedrooms, 2 bathrooms, and a 2‑car attached garage
