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$217,000

602 N Elkhart Ave, Lubbock, TX, 79416

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,764 Sq Ft
DuplexDuplex
price_per_sqft$70.86 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Lot Size7,739 sqft

Building Information

Year Built1978
Roof Type105
Garage Spaces636

Land Information

APNR43048
Lot Number1430
SubdivisionWestern Estates
Land UseResidential
Legal DescriptionWESTERN ESTATES L 143
Census Tract000409
Assessed Land Value$3,801
Assessed Improvement Value$125,213
Assessment Year2025

About this property

Great investment property that can be bought individually or in a package of other nice units. Owners also own 606 Erskine and there is a keybox on A unit. Both duplexes are 3-2-1 and 2-1-1 and have a great rental history. They all have fireplaces and refrigerators that remain with property. Must make appointment to show.

Investor Tools

Property Icon
$217,000
Estimated Property Value
$102,400Estimated Mortgage Balance
$129,659Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,302 /month
Positive
Cash Flow Estimate:
$434 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,343
$129,014
2025
$3,801
$125,213
$129,014
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,343
$129,014

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lone Star State Bank Of West Texas
Unknown
$102,400
No
First
Jan 25, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,341
$129,659
59%
40%
$614/mo

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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602 N Elkhart Ave | Property Details | No Agent List