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$325,000

2508 21st Street, Lubbock, TX, 79410

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,211 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.99 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesOther
Lot Size13,019 sqft

Building Information

Year Built1939
Roof Type105
Garage Spaces252

Land Information

APNR40304
Lot Number80
SubdivisionEllwood Place
Land UseResidential
Legal DescriptionELLWOOD PL BLK 12 L 20 W/PT OF 21
Census Tract001501
Assessed Land Value$60,000
Assessed Improvement Value$240,285
Assessment Year2025

About this property

Located in the highly desirable Tech Terrace neighborhood, this unique property offers both space and incredible potential at 2508 21st St in Lubbock. The main home features 4 bedrooms and 3 full bathrooms with spacious bedrooms and over 2,200 square feet of living space, providing plenty of room for comfortable living. Situated just minutes from Texas Tech University, the property is conveniently located near campus, medical facilities, restaurants, and shopping—making it an excellent opportunity for both homeowners and investors. In addition to the main house, the property includes a detached backhouse with two separate units, each offering 1 bedroom and 1 bathroom. Whether you're looking for a primary residence with additional income potential or an investment opportunity in one of Lubbock's most sought after neighborhoods, this versatile property offers location, space, and flexibility all in one.

Investor Tools

$102,444Estimated Mortgage Balance
$219,556Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Riley Bramble

Tech Terrace Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,927
$300,285
2025
$60,000
$240,285
$300,285
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,927
$300,285

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Txn Bank Na
Unknown
$200,000
No
First
Jun 21, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,444
$219,556
68%
32%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
N/A
+$1,740/mo
6.5%

City: Lubbock

2508 21st Street | Property Details | No Agent List