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$187,639

2420 33rd St, Lubbock, TX, 79411

$220,276 ARVInfo
Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths2,728 Sq Ft
TriplexTriplex
price_per_sqft$87.98 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator

Exterior

Lot Size9,800 sqft

Building Information

Year Built1951
Roof Type105

Land Information

APNR115624
Lot Number100
SubdivisionMassey Heights
Land UseResidential
Legal DescriptionMASSEY HTS BLK 6 L 18
Census Tract001401
Assessed Land Value$24,500
Assessed Improvement Value$163,139
Assessment Year2025

About this property

Calling all Investors!!!! Great income producing Triplex near Texas Tech. Located just off University Ave, campus is less than 5 min away. 2/1 duplex in front with central heat/air (each 904 sq ft) and a rear apartment with 880 sq ft. Side A received new appliances in 2023. Side B is rent ready with freshly renovated bathroom and new paint. Rear apartment 1/1 in back (880 sq ft). Rear apartment is all electric, with remodeled interior /exterior and lower flex space with rebuilt porch/stairs in 2023. Laundry facilities in each unit. Pictures of Side A and Rear unit were taken prior to tenant occupation.

Investor Tools

Property Icon
$187,639
Estimated Property Value
$184,000Estimated Mortgage Balance
$9,680Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$220,275
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,185
$187,639
2025
$24,500
$163,139
$187,639
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,185
$187,639

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Builders Trust Capital Llc
Commercial
$184,000
No
First
Jul 16, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,959
$9,680
5%
95%
$1,104/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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