523 39th Street, Lubbock, TX 79404

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
523 39th Street,Lubbock, TX 79404
$53,000
  • 2 Beds
  • 1 Baths
  • 696 sq. ft.
  • Multi-family
  • Active
Listed by:felicia estrada
Office:keller williams realty
MLS#:202561971
Source:TX_LAR

Price summary

  • Price:$53,000
  • Price per sq. ft.:$76.15

About this home

This asset is offered as part of a value-add investment portfolio of 18 properties. This 2-bedroom, 1-bath home is a strong cash-flow performer offered at approximately 74% of market value. The property is currently rented for $1,000 per month through a state-funded program, providing guaranteed income, and is structured as an all-bills-paid rental—still operating well above the 1% rule. Recent updates add significant long-term value, including a new roof installed in 2023, a complete electrical upgrade, a new sewer line, and fresh cosmetic improvements. With essential systems already modernized and reliable rent in place, this home represents a low-maintenance, high-yield investment opportunity within the growing Lubbock market.

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Home facts

  • Year built:1927
  • Listing ID #:202561971
  • Added:9 day(s) ago
  • Updated:October 27, 2025 at 02:55 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:696 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:696 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$53,000
  • Price per sq. ft.:$76.15
  • Tax amount:$712
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