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$291,811

NAL Estimated Property Value

1626 Ave Y, Lubbock, TX, 79401

$379,354 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths5,120 Sq Ft
QuadruplexQuadruplex
price_per_sqft$70.31 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size6,500 sqft

Building Information

Year Built1949

Land Information

APNR68932
Lot Number115
SubdivisionHankins
Land UseResidential
Legal DescriptionHANKINS BLK 2 L 13
Census Tract000607
Assessed Land Value$19,500
Assessed Improvement Value$272,311
Assessment Year2025

About this property

Great investment opportunity! Location is everything with this Quadplex, located in South Overton right next to Texas Tech! This property will continue to be a great rental, or can be used for house hacking, or Short term rentals! Each unit is 1280 sqft, with 2 bedrooms and 1 bathroom. This unit is awesome, check it out today!

Investor Tools

Property Icon
$291,811
Estimated Property Value
$226,797Estimated Mortgage Balance
$65,014Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$379,354
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,299
$291,811
2025
$19,500
$272,311
$291,811
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,299
$291,811

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$240,000
No
First
May 5, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,797
$65,014
22%
78%
$1,439/mo

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.

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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1626 Ave Y | Property Details | No Agent List