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$191,156

2302 62nd St, Lubbock, TX, 79412

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,764 Sq Ft
DuplexDuplex
price_per_sqft$92.4 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available

Exterior

Lot Size9,112 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces440

Land Information

APNR66699
Lot Number3205
SubdivisionOakwood
Land UseResidential
Legal DescriptionOAKWOOD L 461
Census Tract002203
Assessed Land Value$32,500
Assessed Improvement Value$158,656
Assessment Year2025

About this property

Checkout this awesome duplex to add to your Investment Portfolio. Both units are leased at $750/mo each through FEB 2026.

Investor Tools

Property Icon
$191,156
Estimated Property Value
$116,000Estimated Mortgage Balance
$83,255Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,147 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,908
$191,156
2025
$32,500
$158,656
$191,156
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,908
$191,156

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vista Bank
Open End Mortgage / Open End With Future Advance Clause
$116,000
No
First
Aug 1, 2022
Aug 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,901
$83,255
43%
56%
$696/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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