402 39th Street, Lubbock, TX 79404

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
402 39th Street,Lubbock, TX 79404
$61,500
  • 3 Beds
  • 1 Baths
  • 950 sq. ft.
  • Multi-family
  • Active
Listed by:felicia estrada
Office:keller williams realty
MLS#:202561970
Source:TX_LAR

Price summary

  • Price:$61,500
  • Price per sq. ft.:$64.74

About this home

This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is offered at approximately 75% of market value and comes with a steady, reliable tenant paying $1,000/month through a state-funded program—providing guaranteed rent income. The lease includes all utilities, making this an "all-bills-paid" property; even with that extra cost, the yield remains well above the 1 % rule. The owner has invested heavily—over $12,000—in cosmetic upgrades, new mini-split HVAC units, and a new roof. This property delivers security, ease of management, and a stable return with upside potential in rent structuring or future lease adjustments.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing ID #:202561970
  • Added:9 day(s) ago
  • Updated:October 27, 2025 at 02:55 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:950 sq. ft.

Heating and cooling

  • Cooling:Multi Units

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:950 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$61,500
  • Price per sq. ft.:$64.74
  • Tax amount:$699
The information being provided by Port Neches, Port Arthur & Nederland Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Port Neches, Port Arthur & Nederland Board of Realtors. Southern Homes is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Southern Homes, a broker participant of Port Neches, Port Arthur & Nederland Board of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Port Neches, Port Arthur & Nederland Board of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 Port Neches, Port Arthur & Nederland Board of Realtors. All rights reserved.

New listings near 402 39th Street