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$359,652

1801 66th St, Lubbock, TX, 79412

Off MarketInfo
Beds8 Beds
Baths4 Bath
Baths3,344 Sq Ft
QuadruplexQuadruplex
price_per_sqft$73.27 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Refrigerator

Exterior

Lot Size12,100 sqft

Building Information

Year Built1968
Roof Type105

Land Information

APNR136723
Lot Number4250
SubdivisionTarrytown
Land UseResidential
Legal DescriptionTARRYTOWN E40' OF L 424 & W70' OF 425
Census Tract002207
Assessed Land Value$7,150
Assessed Improvement Value$352,502
Assessment Year2025

About this property

Investor Alert - Major Opportunity! Tax assessment of $359K and appraised for $292K with conventional financing 3 years ago. This vacant quadplex (two duplexes sold together: 1801 & 1713 66th St.) is priced to move and loaded with potential. Located near University Ave. and South Loop 289—just minutes from the Bayless Atkins neighborhood and Lowery Field—this property is ideally situated for both market-rate and Section 8 tenants. Property features: Central HVACS, Private fenced backyards, Individual electric meters, Off-street parking (4 spaces total), Shared courtyard layout. Previously rented for a total of $3,650/month, this property now sits fully vacant and ready for a new owner with vision. With some cosmetic updates and solid property management, this becomes a strong cash-flowing asset. Seller is highly motivated and cannot maintain the property any longer. All reasonable offers will be considered. Don't miss this chance to pick up a multi-family deal with built-in equity and serious upside.

Investor Tools

Property Icon
$359,652
Estimated Property Value
$219,000Estimated Mortgage Balance
$155,578Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,158 /month
Positive
Cash Flow Estimate:
$719 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$681/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,369
$359,652
2025
$7,150
$352,502
$359,652
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,369
$359,652

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$219,000
No
First
Sep 28, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,074
$155,578
43%
57%
$1,314/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$1,314/mo
$-297/mo
3.4%

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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1801 66th St | Property Details | No Agent List