$2,375 Closing Credit¹
#202417139, Scott Toman, Listing Office: RE/MAX Lubbock
$80,000 List price
1802 38th St Lubbock, TX 79412
$950
Closing credit¹
2 beds
2 full
1,128 sqft
0.1 acres
$71 / sqft
Multi-Family
Property details
About 1802 38th St
Attention Investors: Instant Cash Flowing Duplex! Far surpasses the 1% rule Calling all investors and contractors! This 2 bedroom, 2 bathroom duplex is ready for its next owner! Located minutes from Texas Tech and quick access to the interstate. The best part is its already occupied for $1150 per month! Talk about CASH FLOW day 1! Key Features: Updated Electrical Updated Water Heater Off Street parking 2 car garage Private Backyards! Sold as-is, offering a blank canvas for your creative vision Perfect project for Investors or DIY enthusiasts Investor special with immense profit potential ($25,000 gross margins) Ideal for landlords looking to expand their portfolio. This home has great potential as a rental property at $1200-1400 per month market rent. Currently occupied until early next year! Cash or Hard money loan only.
Highlights
Home typeDuplex
HeatingCentral, Natural Gas
StatusActive
CoolingCentral Air, Electric
Size1,128 sqft
Lot size0.15 Acres
Year built1943
ParkingDetached, Garage
MLS #202416555
Garage2 spaces
Summary
- MLS Number: 202416555
- MLS Name: Lubbock
- Office Name: Lubbock Discount Realty
- Office Phone: (850) 997-4714
- Listing Agent: Stephen Bearden
Copyright © 2025 Lubbock Association of REALTORS®. All rights reserved.
IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/30/2025, 10:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$80,000
1802 38th St
$950
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $125,641 | $1,399 |
| 2023 | $75,305 | $1,751 |
| 2022 | $86,544 | $1,751 |
| 2021 | $62,998 | $1,339 |
| 2020 | $54,112 | $1,158 |
| 2019 | $61,665 | $1,340 |
| 2018 | $61,665 | $1,384 |
| 2017 | $45,227 | $1,017 |
History based on county public records data.
Nearby schools
4
Bean Elementary School
Public District PK-5
0.7 mi
•3001 Avenue N
3
Brown Elementary School
Public District PK-5
0.7 mi
•2315 36th St
5
Hodges Elementary School
Public Charter PK-5
0.8 mi
•5001 Avenue P
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,352. Typical income of Lubbock, TX residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
50%
35k-100k
3%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
33%
Single, with Kids
15%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
31%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
NHRA Drag Racing
Basketball
Where do the neighbors shop?
Burlington
Big Lots
Ross Dress For Less
Where do the neighbors go to eat?
Church's Chicken
Golden Corral
Jasons Deli
What do the neighbors drive?
Chevrolet
Kia
Acura
What do the neighbors listen to?
Urban Adult Contemporary
Adult Standards- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 1802 38th St in Lubbock, TX and zip code 79412 in the Clapp Park neighborhood. This 1,128 square foot home, which was built in 1943, sits on a 0.15 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 9, 2024 and is currently priced at $80,000.
Between January and February 2025, Lubbock, TX real estate market has seen decrease in the number of listings by 16.5%. While the average time on the market in February 2025 was 96 days, the median list price was $244,520.
From Rocket Homes Real Estate and based on county public records data.