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$145,000

4802 39th St, Lubbock, TX, 79414

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,500 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.67 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling

Exterior

Lot Size7,022 sqft

Building Information

Year Built1954
Roof Type105

Land Information

APNR157628
Lot Number165
SubdivisionHillcrest
Land UseResidential
Legal DescriptionHILLCREST BLK 17 E53'OF L 12
Census Tract001805
Assessed Land Value$9,540
Assessed Improvement Value$103,079
Assessment Year2025

About this property

4802 39th Street presents a rare opportunity to own two homes on one property in a convenient central Lubbock location. Near Tech, Medical, and Coronado High School. The front house features 3 bedrooms and 2 bathrooms and is rent-ready, making it ideal for immediate occupancy or income potential. The back house is a 1 bedroom, 1 bathroom unit with great potential for additional rental income, guest quarters, or a home office setup once improvements are completed. Sold AS-IS

Investor Tools

$81,483Estimated Mortgage Balance
$72,517Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$924 /month
Positive
Cash Flow Estimate:
$308 /month

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Kyle Rogers

Realty Refined

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,045
$112,619
2025
$9,540
$103,079
$112,619
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,045
$112,619

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Bank
Commercial
$88,400
No
First
Mar 23, 2022
Mar 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,483
$83,517
50%
53%
$531/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$531/mo
+$894/mo
11.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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4802 39th St | Property Details | No Agent List