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$130,000

NAL Estimated Property Value

1507 Wabash St, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths921 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,104 sqft

Building Information

Year Built1948
Roof Type105

Land Information

APNR31077
Lot Number4
SubdivisionBrown E E
Land UseResidential
Legal DescriptionBROWN E E BLK 2 L 4
Census Tract000100
Assessed Land Value$28,000
Assessed Improvement Value$62,375
Assessment Year2025

About this property

This large residential lot could be a great place to build your new home! The generous 78' lot width provides ample room for a big yard. Power and sewer main lines are in place and the city said water can be provided by a private well. The City of Lubbock is currently in the process of paving the road in front of the property.

Investor Tools

Property Icon
$130,000
Estimated Property Value
$0Estimated Mortgage Balance
$130,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$780 /month
Positive
Cash Flow Estimate:
$260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$186/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,578
$90,375
2025
$28,000
$62,375
$90,375
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,578
$90,375

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$130,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
13.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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1507 Wabash St | Property Details | No Agent List