1501 & 1503 County Road 14, Lamesa, TX 79331

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
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1501 & 1503 County Road 14,Lamesa, TX 79331
$380,000
  • 4 Beds
  • 4 Baths
  • 2,500 sq. ft.
  • Multi-family
  • Active
Listed by:derek dominguez
Office:l3 brokers
MLS#:202552049
Source:TX_LAR

Price summary

  • Price:$380,000
  • Price per sq. ft.:$152

About this home

Incredible investment opportunity! This 5-acre property, located just a quarter mile from Highway 87, features five residential units, including two brick homes and three mobile homes, along with two wells on-site. The rental income potential is strong, with current and past rents as follows: - 3BR/2BA brick home - Currently rented for $1,200/month - 1BR/1BA trailer - Last rented for $800/month - 2BR/2BA trailer - Last rented for $800/month - 3BR/2BA trailer - Last rented for $1,000/month (currently gutted and ready for remodel) - 4BR/4BA brick home - Previously owner-occupied, offering potential for rental or primary residence With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile and high-potential opportunity—contact me today for more details!

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Home facts

  • Year built:1948
  • Listing Id #:202552049
  • Added:158 day(s) ago
  • Updated:August 27, 2025 at 02:49 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,500 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric, Wall/window Unit(s)
  • Heating:Central, Electric, Space Heater

Structure and exterior

  • Roof:Metal
  • Year built:1948
  • Building area:2,500 sq. ft.
  • Lot area:5 Acres

Schools

  • High school:Lamesa
  • Middle school:Lamesa

Utilities

  • Water:well
  • Sewer:Septic tank

Finances and disclosures

  • Price:$380,000
  • Price per sq. ft.:$152
  • Tax amount:$10,178
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