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402 39th Street, Lubbock, TX 79404

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For Sale

$61,500

3 beds • 1 baths • 950 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $64.74
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This asset is offered as part of a value-add investment portfolio of 18 properties. This 3-bedroom, 1-bath home is offered at approximately 75% of market value and comes with a steady, reliable tenant paying $1,000/month through a state-funded program-providing guaranteed rent income. The lease includes all utilities, making this an "all-bills-paid" property; even with that extra cost, the yield remains well above the 1 % rule. The owner has invested heavily-over $12,000-in cosmetic upgrades, new mini-split HVAC units, and a new roof. This property delivers security, ease of management, and a stable return with upside potential in rent structuring or future lease adjustments.
MLS# 202561970

Courtesy Of Keller Williams Realty

(806) 771-7710

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    0.15 Acres

Map and Directions

Directions to 402 39th Street, Lubbock, TX 79404

Home seller CENTURY 21 Kearney & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Kearney & Associates

(806) 783-0020
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.