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$307,752

NAL Estimated Property Value

5215 27th Street, Lubbock, TX, 79407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,845 Sq Ft
price_per_sqft$82.6 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Electric Oven
FlooringConcrete

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,400 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APNR67953
Lot Number2320
SubdivisionMidway Park
Land UseResidential
Legal DescriptionMIDWAY PARK L 263
Census Tract001711
Assessed Land Value$35,000
Assessed Improvement Value$272,752
Assessment Year2025

About this property

If you've been waiting for a property with space, location, and serious potential... this is it. This 4-bedroom, 3-bath home offers 2,846 square feet of living space with an open-concept layout that seamlessly connects the kitchen, dining, and living areas—perfect for reimagining a modern, functional design. The wood-burning fireplace anchors the living room, creating a cozy focal point just waiting to be brought back to life. You'll love the generously sized bedrooms, giving everyone room to spread out, plus a flex space that can serve as a formal dining room, home office, or second living area. Situated on a large 10,400 sq ft lot, there's plenty of room for outdoor entertaining, expansion, or adding value. Located in the Greenlawn subdivision, just minutes from LCU and Texas Tech, this property offers unbeatable convenience for students, faculty, or anyone wanting quick access to central Lubbock. Important Note: This home does need repairs and is being sold as-is—making it a perfect fit for investors, flippers, or buyers looking to build equity with a renovation. Opportunities like this don't come around often in such a prime location—bring your vision and turn this into your dream home.

Investor Tools

Property Icon
$307,752
Estimated Property Value
$0Estimated Mortgage Balance
$307,752Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,847 /month
Positive
Cash Flow Estimate:
$616 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$611/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,793
$307,752
2025
$35,000
$272,752
$307,752
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,793
$307,752

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$307,752
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
5.6%

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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5215 27th Street, Lubbock, TX 79407 | Property Details | No Agent List