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$350,000

4506 17th St, Lubbock, TX, 79416

$455,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths3,548 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.65 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size19,080 sqft

Building Information

Year Built1954
Roof Type112
Garage Spaces2

Land Information

APNR49895
Lot Number3
SubdivisionWest Gate Drive
Land UseResidential
Legal DescriptionWEST GATE DRIVE BLK 5 L 3
Census Tract000403
Assessed Land Value$66,000
Assessed Improvement Value$390,188
Assessment Year2025

About this property

Rare opportunity in the highly desirable Rush neighborhood! If you're looking for a true fixer-upper with incredible potential, this is it. Priced at UNDER $100 per square foot and $172,000 BELOW the current LCAD appraised value, this property offers a chance to get into one of Lubbock's most established and sought-after neighborhoods at a price point that is increasingly hard to find. Offering more than 3,500 square feet, this 3-bedroom, 4-bathroom home features a 2-car garage, 2-car carport, finished basement, workshop, storage building, and an abundance of flexible living space. Rush is known for its large lots, mature trees, established character, and convenient location near Texas Tech, LCU, the medical district, shopping, dining, and more. Inside, you'll find a HUGE living room with a fireplace and tons of natural light, plus a second oversized living or dining area. The spacious kitchen offers plenty of cabinetry and counter space, along with an adjoining desk/office area. The primary suite includes TWO bathrooms and two closets. The oversized second bedroom has its own private bathroom and attached office or sitting area, while the spacious third bedroom features double closets with a full bathroom just outside the door. The finished basement adds TWO huge rooms and even more possibilities. These versatile spaces could potentially serve as a 4th and 5th bedroom, media room, game room, home office, playroom, hobby space, or additional storage—the options are wide open depending on your needs and vision. Outside, you'll find a large covered front porch and gated front yard with a white iron fence. The backyard includes an approximately 18' x 15' wired workshop with extensive cabinetry, an 8' x 20' storage shed, and a separate covered concrete pad that could provide additional parking or potential boat/RV storage. The garage also offers extensive shelving and additional workspace. While this home needs significant renovation, several major improvements have already been made, including a newer electrical panel, HVAC system replaced in 2023, and one newer water heater. The home was originally constructed with cinderblock and later bricked over, providing substantial exterior walls that help keep the interior comfortable throughout the seasons. The sellers will install a new roof prior to closing; otherwise, the property is being sold AS IS. This is not a move-in-ready home—but for an investor, renovator, or buyer willing to put in the work, the possibilities are truly endless. Bring your vision and take advantage of a rare opportunity to transform more than 3,500 square feet in the heart of Rush!

Investor Tools

$0Estimated Mortgage Balance
$456,188Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$455,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,737 /month
Positive
Cash Flow Estimate:
$912 /month

Interested in this property?

Chris Farrell

Aycock Realty Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$359/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,023
$456,188
2025
$66,000
$390,188
$456,188
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,023
$456,188

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$456,188
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
4.3%

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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4506 17th St | Property Details | No Agent List