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$263,000

NAL Estimated Property Value

2123 18th St, Lubbock, TX, 79401

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths2,656 Sq Ft
price_per_sqft$107.3 / sqft
Year BuiltBuilt in 1934

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Refrigerator

Exterior

Lot Size9,000 sqft

Building Information

Year Built1934
Roof Type183

Land Information

APNR38807
Lot Number12
SubdivisionOverton
Land UseResidential
Legal DescriptionOVERTON BLK 49 L 12
Census Tract000607
Assessed Land Value$22,600
Assessed Improvement Value$195,252
Assessment Year2025

About this property

Located within walking distance to Texas Tech you will find this nice Quadruplex for sale. The front address is a triplex at 2123 18th. The front is a 3/2 that is 1382 Sq ft and is rented for $840 a month. The other 2 units up front are 1/1 and rents are $595 and $655 they both are 558 and 600 sq ft. The back unit, being the 4th unit has its own address 1805 Ave V and it is 558 sq ft and is rented for $575 a month. This is a pretty unique piece of property that even has an extra lot that comes with the property. This would be a very nice addition to a rental portfolio. Total monthly rent is $2665

Investor Tools

Property Icon
$263,000
Estimated Property Value
$188,296Estimated Mortgage Balance
$74,704Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,686
$217,852
2025
$22,600
$195,252
$217,852
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,686
$217,852

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Builders Trust Capital Llc
Commercial
$195,000
No
First
Jun 10, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,296
$74,704
28%
72%
$1,170/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$1,170/mo
+$360/mo
7.0%

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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2123 18th St | Property Details | No Agent List