1926 38th Street, Lubbock, TX 79412
Lubbock County
Key Facts
Description
Turnkey investment with immediate income in place. This 3 bedroom, 1 bathroom, 1 car garage home is currently tenant-occupied through September, providing built-in cash flow from day one. The property meets the highly sought-after 1% rule, a rarity in today's market, making it an attractive addition for investors looking for strong numbers over speculation. Whether you're expanding your portfolio or securing a reliable first rental, this property offers proven performance and a smooth transition of ownership.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1950
Living Area
1,190 sq ft
Lot Size
0.18 acres
Garage Spaces
1
Days on Market
1
MLS® Listing#
202602431
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Parking
Fencing
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Brown
- Middle:
- Slaton
- High:
- Monterey
Financial Details
HOA
None
Annual Taxes
$2,402
Parcel Number
R108518
Affordability Calculator
$26,400
Estimated monthly payment
$703/mo
Principal $105,600 · Est. interest $147,321 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lubbock, TX
- $279,160
- Median Listing Price
- 42
- Median Days on Market
- 1,872
- Median Sq Ft
- $137
- Median Price / Sq Ft
- 1,522
- Active Listings
- This home’s price is 53% below the area median.
- Its price per sq ft is 19% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lubbock, TX.
Location
Points of Interest in Lubbock, TX
Showing the Lubbock area map.
Nearby Schools
South Plains Academy
Secondary · 0.3 mi away
Brown Elementary School
Elementary · 0.5 mi away
O.L. Slaton Middle School
Secondary · 0.5 mi away
Bean Elementary School
Elementary · 0.8 mi away
Christian Preschool Centers
School · 0.9 mi away
Hodges Elementary School
Elementary · 0.9 mi away
Richard Milburn Academy
School · 0.9 mi away
Premier High School - Lubbock (Briercroft)
Secondary · 1.0 mi away
Hutchinson Middle School
Secondary · 1.0 mi away
Harmony Science Academy
School · 1.1 mi away
Atkins Middle School
Secondary · 1.1 mi away
Dupre Elementary School
Elementary · 1.1 mi away
Liberty Learning Center
School · 1.2 mi away
Harwell Elementary School
Elementary · 1.2 mi away
Roscoe Wilson Elementary School
Elementary · 1.3 mi away
Bayless Elementary School
Elementary · 1.3 mi away
Lubbock High School
Secondary · 1.3 mi away
Lubbock Isd
School · 1.3 mi away
Homebound School
School · 1.3 mi away
Lubbock Junior Academy
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2808 1st Street, Lubbock, TX | $93,000 | 3 | 1 | 960 |
| 2209 E 29th Street, Lubbock, TX | $94,000 | 3 | 1 | 1,152 |
| 2512 41st Street, Lubbock, TX | $94,900 | 3 | 2 | 1,183 |
| 5617 Avenue D, Lubbock, TX | $94,999 | 2 | 1 | 1,104 |
| 2818 35th Street, Lubbock, TX | $95,000 | 2 | 1 | 966 |
| 604 N Indiana Avenue, Lubbock, TX | $95,000 | 2 | 1 | 1,144 |
Moving Cost Estimate
EXIT Agents in Lubbock
Listing Courtesy: WestMark Companies - 8067946000
Presented by: Jason Gonzales
Licensed in the state of Texas.