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$161,500

2810 42nd Street, Lubbock, TX, 79413

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,494 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$108.1 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,288 sqft

Building Information

Year Built1951
Roof Type105
Garage Spaces1

Land Information

APNR74648
Lot Number18
SubdivisionPace & Stokes
Land UseResidential
Legal DescriptionPACE & STOKES BLK 2 L 18
Census Tract002002
Assessed Land Value$21,500
Assessed Improvement Value$148,410
Assessment Year2025

About this property

Welcome to 2810 42nd Street — a well-maintained 3-bedroom, 2-bathroom home nestled in an established Lubbock neighborhood, offering an incredible combination of space, functionality, and value. Whether you're searching for a primary residence or a strong investment opportunity, this property delivers the flexibility and features today's buyers are looking for. Step inside to discover a bright and inviting interior highlighted by a huge living area that serves as the heart of the home. With plenty of room for relaxing, entertaining, and gathering with family and friends, the expansive living space creates a warm and welcoming atmosphere. The kitchen offers ample cabinet storage, generous counter space, and convenient access to the dining area, making everyday living and hosting a breeze. The spacious bedrooms provide comfortable accommodations for family and guests, while the thoughtful floor plan offers both functionality and flexibility. Having been well maintained over the years, this home is move-in ready while still providing opportunities for a new owner to add their personal touch. Outside, you'll find a large backyard with endless possibilities, but the true standout feature is the massive detached backhouse equipped with electricity. This impressive space features a huge open entertainment area that is perfect for hosting gatherings, game nights, hobbies, a workshop, home gym, studio, or additional recreational space. The versatility of this powered backhouse makes it a rare and valuable addition to the property. Conveniently located near shopping, dining, parks, schools, and major roadways, 2810 42nd Street combines comfort, convenience, and exceptional potential. With its well-maintained condition, spacious 3-bedroom, 2-bathroom layout, and incredible backhouse entertainment space, this property is one you won't want to miss. Schedule your private showing today!

Investor Tools

Property Icon
$169,910
Estimated Property Value
$0Estimated Mortgage Balance
$47,738Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,019 /month
Positive
Cash Flow Estimate:
$340 /month

Interested in this property?

Michael Norsworthy

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$336/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,179
$169,910
2025
$21,500
$148,410
$169,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,179
$169,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$132,300
No
First
May 25, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,172
$47,738
28%
72%
$794/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$794/mo
+$876/mo
11.8%

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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2810 42nd Street, Lubbock, TX 79413 | Property Details | No Agent List