5315 I-27 Frontage Road, Lubbock, TX 79404

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
5315 I-27 Frontage Road,Lubbock, TX 79404
$55,500
  • 3 Beds
  • 2 Baths
  • 1,104 sq. ft.
  • Multi-family
  • Active
Listed by:felicia estrada
Office:keller williams realty
MLS#:202561972
Source:TX_LAR

Price summary

  • Price:$55,500
  • Price per sq. ft.:$50.27

About this home

This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 2-bath home is currently rented for $850 per month and offered at roughly 74% of market value, performing well above the 1% rule. The property has had important improvements, including a roof replacement in 2021, a new gas line, and various cosmetic updates, ensuring continued functionality and tenant satisfaction. The home is occupied by a reliable tenant and only needs minor exterior updates, making it a solid performer with room to enhance value. Located near Interstate 27, this property provides convenient access to major employment corridors and city amenities. It's an excellent opportunity for investors seeking a low-cost, high-yield rental with built-in upside and stable cash flow.

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Home facts

  • Year built:1954
  • Listing ID #:202561972
  • Added:9 day(s) ago
  • Updated:October 27, 2025 at 02:55 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,104 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1954
  • Building area:1,104 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$55,500
  • Price per sq. ft.:$50.27
  • Tax amount:$868
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