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$382,000

NAL Estimated Property Value

5709 Grinnell Street, Lubbock, TX, 79416

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,707 Sq Ft
price_per_sqft$121.91 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size15,624 sqft

Building Information

Year Built2016
Roof Type105
Garage Spaces4

Land Information

APNR173680
Lot Number2260
SubdivisionWestern Estates
Land UseSingle Family Residential
Legal DescriptionWESTERN ESTATES L 226
Census Tract000409
Assessed Land Value$17,500
Assessed Improvement Value$275,500
Assessment Year2025

About this property

Welcome to this beautifully maintained duplex located in North Lubbock. This property offers a fantastic opportunity for both homeowners and investors alike, featuring two well-appointed units that are ideal for generating rental income or accommodating multi-generational families. Each unit has 2 bedrooms and 2 bathrooms, providing ample space and comfort. The open-concept kitchen and living area is perfect for relaxing and entertaining, with windows that fill the spaces with natural light. Nestled in a desirable neighborhood, this duplex is conveniently close to Walmart, United Supermarkets, and Alamo Drafthouse.

Investor Tools

Property Icon
$382,000
Estimated Property Value
$213,602Estimated Mortgage Balance
$168,398Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,292 /month
Positive
Cash Flow Estimate:
$764 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$495/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,025
$293,000
2025
$17,500
$275,500
$293,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,025
$293,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$220,500
No
First
Aug 27, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,602
$168,398
44%
56%
$1,323/mo

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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5709 Grinnell Street | Property Details | No Agent List