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$110,000

NAL Estimated Property Value

2002 16th Street A & B, Lubbock, TX, 79401

$143,000 ARVInfo
Off MarketInfo
Beds6 Beds
Baths6 Bath
Baths3,050 Sq Ft
DuplexDuplex
price_per_sqft$134.43 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Gas Cooktop, Stainless Steel Appliance(s)

Exterior

Lot Size6,375 sqft

Building Information

Year Built1931
Roof Type105

Land Information

APNR38013
Lot Number24
SubdivisionOverton
Land UseResidential
Legal DescriptionOVERTON BLK 46 L 24
Census Tract000607
Assessed Land Value$21,000
Assessed Improvement Value$43,046
Assessment Year2025

About this property

Wow!! The best investment property on the Market!! Brand-new duplex situated on a corner lot, just a short walk from Texas Tech University! This exceptional property features two spacious units, each offering 3 bedrooms and 3 bathrooms. Enjoy high ceilings and stylish laminate flooring throughout. The beautifully designed kitchen boasts a gas cooktop, custom cabinetry, and elegant granite countertops. Each bathroom is thoughtfully finished with designer tile and granite countertops. Additional highlights include a mud bench, walk-in closets, and stunning pergolas in the backyard. Each unit also comes with its own designated parking space. The Expected income per ROOM near TTU is $700 Don't miss out on this incredible investment opportunity!

Investor Tools

Property Icon
$110,000
Estimated Property Value
$23,391Estimated Mortgage Balance
$86,609Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$143,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$94/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$581
$64,046
2025
$21,000
$43,046
$64,046
No

Tax History

Year
Tax Paid
Assessed Value
2024
$581
$64,046

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust Co (Lubbock Tx)
Open End Mortgage / Open End With Future Advance Clause
$27,200
No
First
May 22, 2009
Jun 2010

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,391
$86,609
78%
21%
$242/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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2002 16th Street A & B | Property Details | No Agent List