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1516 27th st Lubbock, TX $ 130,000
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$ 130,000 Get more info
1516 27th st
$ 130,000
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1516 27th st

Lubbock, TX, 79411
$ 130,000
Bedrooms3 Baths2.0

Monthly Estimate*

$ 821

1516 27th st, Lubbock, TX 79411 - Image 1
1516 27th st, Lubbock, TX 79411 - Image 2
1516 27th st, Lubbock, TX 79411 - Image 3
1516 27th st, Lubbock, TX 79411 - Image 4
1516 27th st, Lubbock, TX 79411 - Image 5
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Multi-Family Home for sale in Lubbock, TX

for $130,000 with 3 bedrooms and 2 full baths. This home was built in 1943 on a lot size of 0.1537.

Excellent investment opportunity with immediate income potential! This property features a tenant-occupied 2-bedroom, 1-bath main home currently leased at $700 per month, plus a fully renovated 1-bedroom, 1-bath detached ADU completed in 2025. The ADU was previously leased for $830 per month and is now vacant, offering the flexibility to place a new tenant at market rates or use the space for extended family, guests, or a home office (buyer to verify permitted uses). The recent renovation of the ADU provides a fresh, move-in-ready space, while the established rental in the main home offers immediate cash flow. Conveniently located near Texas Tech University, downtown Lubbock, medical facilities, shopping, and dining, this versatile property is ideal for investors looking to expand their portfolio or buyers seeking a home with additional income potential. Don't miss this opportunity to own a property with two separate living spaces and strong rental possibilities!

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Multi-Family Active

Price

$ 130,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Multiple Single Units

Lot Size

0.1537

Year Built

1943

Town/City

Lubbock

County/Region

Lubbock

MLS | Web ID

21320356
Features
Interior
Interior Features Other
Flooring Other
Total Units 2
Total Bedrooms 3
Total Baths 2
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General
Heating Other
Complex Name 1516 27th st
Cooling Window Unit(s)
Utilities City Sewer City Water
Possession 30-60 Days
Roof Composition
Appliances Other
School District Lubbock ISD
Pool Y/N 0
Year Built 1943
Levels One
Property Subtype Multiple Single Units
Subdivision Name Belmont Place
County Lubbock
Property Type Residential Income
Construction Materials Wood
Year Built Details Preowned
HOA Type None
# of Buildings 2
Full Baths 2
Status Active
Directions GPS
City Lubbock
Elementary School Name Brown
High School Lubbock
Elementary School Brown
Standard Status Active
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Exterior
Waterfront 0
Parking Features Additional Parking On Street
Foundation Pillar/Post/Pier
Building Area Total 744.00
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Internal Only
Street Number 1 1516
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* Excluded Features
List By
Kensey Chase

Listing Agent

Real Broker, Llc

Broker

Affordability Calculator

$821
Per Month
100%
0%
0%
Monthly Principal & Interest
$821
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5510054 Elementary School
5136462 Middle School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/3/2026$130,000 Listed Price

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1516 27th st, Lubbock, TX, 79411 is a Multi-Family Home for sale at $130,000 with a lot size of 0.1537. 1516 27th st has 3 bedrooms, 2.0 baths, and was built in 1943. The property's zip code is 79411 which is in Lubbock, TX

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