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Days33Days on Market
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$134,995

312 N Avenue R, Lubbock, TX, 79415

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,184 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.02 / sqft
Year BuiltBuilt in 1934

Property Lead Type:

Must-SellDeal ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Exterior FeaturesPrivate Yard
Lot Size4,800 sqft

Building Information

Year Built1934
Roof Type105

Land Information

APNR94785
Lot Number21
SubdivisionManson Heights
Land UseResidential
Legal DescriptionMANSON HTS BLK 1 L 21
Census Tract000201
Assessed Land Value$1,400
Assessed Improvement Value$59,381
Assessment Year2025

About this property

Welcome to 312 N Avenue R -- a beautifully remodeled 3-bedroom, 2-bathroom home located in an established area of Lubbock. This property has been completely transformed from top to bottom, offering modern updates, added space, and peace of mind for its next owner. Even better, the seller is offering $2,500 in Flex Cash for full-price offers, which can be used toward your down payment or closing costs--making this an incredible opportunity for buyers. Step inside to a bright and welcoming living area filled with natural light and complemented by all-new flooring, fresh interior paint, and updated fixtures throughout. The fully renovated kitchen features ample cabinet storage and counter space, flowing seamlessly into the dining area for easy everyday living and entertaining. The addition of a third bedroom provides extra flexibility for family, guests, or a home office. This home has been thoughtfully updated with major system upgrades, including a brand new HVAC system, new plumbing, new electrical, a new water heater, and a durable new metal roof, giving you confidence and low maintenance for years to come. The exterior has also been refreshed with new paint, enhancing the home's curb appeal. Outside, enjoy a spacious yard with plenty of room to relax, entertain, or customize to your liking. Conveniently located near schools, parks, shopping, dining, and major roadways, this home offers both accessibility and modern comfort in a central location. Whether you're searching for your next home or a strong investment opportunity, 312 N Avenue R delivers exceptional value with extensive upgrades and buyer incentives. Schedule your private showing today!

Investor Tools

Property Icon
$80,000
Estimated Property Value
$86,059Estimated Mortgage Balance
$0Estimated Equity
-8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /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
$92/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$699
$60,781
2025
$1,400
$59,381
$60,781
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$699
$60,781

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lbk Enterprise Investments Llc
Unknown
$86,059
No
First
Aug 15, 2025
Feb 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,929
N/A
0%
106%
$516/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$516/mo
+$501/mo
15.3%

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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