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$458,560

NAL Estimated Property Value

1604 45th St, Lubbock, TX, 79412

$596,128 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths15,362 Sq Ft
price_per_sqft$27.67 / sqft
Year BuiltBuilt in 1962

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringTile

Exterior

Lot Size21,300 sqft

Building Information

Year Built1962

Land Information

APNR104368
Lot Number230
SubdivisionArmstrong Alldredge
Land UseResidential
Legal DescriptionARMSTRONG-ALLDREDGE BLK 1 L22& 23
Census Tract002401
Assessed Land Value$31,950
Assessed Improvement Value$426,610
Assessment Year2025

About this property

Calling all investors and renovators!! Unlock the hidden potential of this multi-family property!! This unbeatable opportunity is just waiting for a DIY enthusiast or a visionary to invest!! This apartment complex has been a great investment for the current owner for over thirty years!! You will not want to miss out on the opportunity to invest in your future and supply housing to people in need!! There are thirteen (13) unit total in this complex and are set in a "u-shape" around a large courtyard for the occupants to enjoy!! Close proximity to Texas Tech University, grocery stores, and easy access to I-27!! With a little TLC this property could be a stunning portfolio asset!! Don't let the potential of this incredible opportunity pass you by! Schedule a walk-through today!!

Investor Tools

Property Icon
$458,560
Estimated Property Value
$0Estimated Mortgage Balance
$458,560Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$596,128
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,751 /month
Positive
Cash Flow Estimate:
$917 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$885/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,327
$458,560
2025
$31,950
$426,610
$458,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,327
$458,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$458,560
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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1604 45th St | Property Details | No Agent List