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$148,000

5744 38th Street, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,524 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$98.43 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Oven
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size2,109 sqft

Building Information

Year Built1972
Roof Type105

Land Information

APNR83960
Lot Number1210
SubdivisionTown West
Land UseResidential
Legal DescriptionTOWN WEST L 121
Census Tract001710
Assessed Land Value$21,000
Assessed Improvement Value$125,268
Assessment Year2025

About this property

Welcome to 5744 38th Street in Lubbock, Texas a beautifully renovated 3-bedroom, 2-bath townhome offering modern updates, low-maintenance living, and an unbeatable location.This property has been thoughtfully updated from top to bottom, beginning with a brand new roof installed in August 2025. Inside, you'll find new flooring throughout, updated cabinetry, fresh interior paint, stylish new countertops, upgraded light fixtures, and new sinks in both the kitchen and bathrooms. The finishes create a clean, cohesive design that feels both fresh and inviting. The functional floor plan provides comfortable living spaces, well-sized bedrooms, and a kitchen designed for both everyday living and entertaining. Whether you're looking for a primary residence or a turnkey investment opportunity, this home offers quality improvements that simplify ownership and make daily living stress-free. Ideally located near the medical district and Texas Tech University, the convenience is hard to beat. Perfect for students, medical professionals, or tenants seeking easy access to campus and surrounding amenities. Step outside to enjoy even more perks: right next door you'll find a charming dog park and playground, along with a large community pool that you'll have access to, just in time for those hot West Texas summer days. Plus, the two-car covered carport adds everyday convenience and protection from the elements. Updated, well-located, and packed with amenities — 5744 38th Street is ready for its next chapter.

Investor Tools

Property Icon
$148,000
Estimated Property Value
$0Estimated Mortgage Balance
$148,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$257/month
$720/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,344
$146,268
2025
$21,000
$125,268
$146,268
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,344
$146,268

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$148,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$720/mo
+$705/mo
11.6%

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.

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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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5744 38th Street | Property Details | No Agent List