Turnkey Duplex
For Sale
$349,000
9801 Uvalde Avenue, Lubbock, TX 79423
MULTI_FAMILY - Lubbock, TX
Property Size2,949 SF
Lot Size0.18 Acres
Price / SF$118.35
Days on Market132
Property Features for 9801 Uvalde Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 1
Parking features
Garage
Elementary school district
Lubbock-Cooper ISD
Middle school district
Lubbock-Cooper ISD
High school district
Lubbock-Cooper ISD
Subdivision
6
Standard status
Active
APN
R328172
Size
2,949 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Fox Ridge L 344
Tax Annual Amount
7635
Legal Description
Fox Ridge L 344
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2016
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Southern Magnolia Real Estate
(806) 773-4092
Listed By:
Tomas Rodriguez · License #0787075
(361) 816-3661
Added: Apr 3
Changed: Aug 4
Last Checked: Aug 12 at 4:06PM
MLS# 202604968
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 turnkey duplex investment features two separate units in a brick building constructed in 2016. Both units have central heating and central air conditioning, and the property is served by public sewer. Parking includes an attached garage for each unit.
Unit A offers 2 bedrooms and 2 bathrooms with a 2-car garage. Unit B offers 3 bedrooms and 2 bathrooms with a 2-car garage.
The duplex is located on a quiet cul-de-sac block and is currently occupied by tenants in both units. With independent unit layouts and attached parking, the property is designed for straightforward day-to-day tenancy.
Unit A offers 2 bedrooms and 2 bathrooms with a 2-car garage. Unit B offers 3 bedrooms and 2 bathrooms with a 2-car garage.
The duplex is located on a quiet cul-de-sac block and is currently occupied by tenants in both units. With independent unit layouts and attached parking, the property is designed for straightforward day-to-day tenancy.
Key Highlights
- Two‑unit duplex on a quiet cul‑de‑sac block
- Built in 2016 with brick construction
- Central heating and central air in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,636
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$532,720
$532.7K
Cap Rate 7%
$380,514
$380.5K
Cap Rate 9%
$295,956
$296.0K
Market Conditions
NOI Build-Up for 2,949 SF
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.
Gross rent
$40.7K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$38.1K $12.90/SF
− OpEx
−$11.4K −$3.87/SF
NOI
$26.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$532,720
Cap Rate 7%
$380,514
Cap Rate 9%
$295,956
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex built in 2016 with central HVAC, public sewer, and attached garages for each unit.
Where is this duplex located?
The property is located at 9801 Uvalde Avenue 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: Two‑unit duplex on a quiet cul‑de‑sac block; Built in 2016 with brick construction; Central heating and central air in both units
