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$200,071

NAL Estimated Property Value

3425 70th Drive 3427, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,429 Sq Ft
DuplexDuplex
price_per_sqft$90.57 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Lot Size7,458 sqft

Building Information

Year Built1967

Land Information

APNR34033
Lot Number4370
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 437
Census Tract001908
Assessed Land Value$19,008
Assessed Improvement Value$181,063
Assessment Year2025

About this property

Great location in Melonie Park, quick access to Loop, Miller Elementary, restaurants and shopping. This duplex is a great addition to an investors portfolio. Both sides Unit 1 and 2 are leased starting July 1st with 12 month leases. Unit 1 is $1000/Month 2/2 and Unit 2 2/1 $800/Month tenants pay their own utilities. New windows and the HVAC system in Unit 2 is brand new w/2 year warranty. 2 new drop electric stoves. New dishwashers in both units. Refrigerators will convey in both units. Fireplace in Unit 1. Washer and dryer will convey and serves both units. Duplex is all electric. Hurry this will not last!

Investor Tools

Property Icon
$200,071
Estimated Property Value
$0Estimated Mortgage Balance
$200,071Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$386/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,633
$200,071
2025
$19,008
$181,063
$200,071
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,633
$200,071

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$200,071
100%
0%
$0/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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3425 70th Drive 3427 | Property Details | No Agent List