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$257,216

NAL Estimated Property Value

11621 Evanston Avenue 11629, Lubbock, TX, 79424

$334,381 ARVInfo
Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths7,815 Sq Ft
Multi FamilyMulti Family
price_per_sqft$127.96 / sqft
Year BuiltBuilt in 2020

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Refrigerator

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size4,600 sqft

Building Information

Year Built2019
Roof Type105
Garage Spaces2

Land Information

APNR333282
Lot Number1540
SubdivisionStonewood Estates
Land UseResidential
Legal DescriptionSTONEWOOD ESTATES L 154
Census Tract010421
Assessed Land Value$28,750
Assessed Improvement Value$228,466
Assessment Year2025

About this property

Offered for sale is a 5-plex building of Jordan Wheatley townhomes. Built in 2020 offering high quality construction, efficient design and a great investment opportunity. Located in Lubbock Cooper ISD, these 3 bedroom, 2 bathroom, 2 car garage townhomes total 5 units and have rented for $1,495-$1,595/mo with room to grow in rental income. Each unit is identical size and totals 1,563 square feet. Features include: Ceramic Tile & Carpet flooring, granite counters, vaulted ceilings, turf and xeriscape in the front with sod/sprinkler in the back. Pre-inspected and ready to sell. This low maintenance investment has been well cared for and has Class A quality with luxury investor appeal. With a Rental value of $1,700/mo this property has incredible upside. The former property manager did not raise rents for 3 years. Historically 100% Fully occupied. Schedule for a showing today!

Investor Tools

Property Icon
$257,216
Estimated Property Value
$0Estimated Mortgage Balance
$257,216Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$334,381
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,000 /month
Positive
Cash Flow Estimate:
$2,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,325
$257,216
2025
$28,750
$228,466
$257,216
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,325
$257,216

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$257,216
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
6.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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11621 Evanston Avenue 11629 | Property Details | No Agent List