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1516 27th St, Lubbock, TX 79411

Lubbock
Local realty services provided by:CENTURY 21 Middleton
1516 27th St,Lubbock, TX 79411
$127,500
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  • 3 Beds
  • 2 Baths
  • 744 sq. ft.
  • Multi-family
  • Active
Listed by: kensey chase
Office: real broker, llc.
MLS#:21320356
Source:GDAR

Price summary

  • Price:$127,500
  • Price per sq. ft.:$171.37

About this home

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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Home facts

  • Year built:1943
  • Subdivision & Development:Belmont Place
  • Listing ID #:21320356
  • Added:27 day(s) ago
  • Updated:July 31, 2026 at 12:08 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:744 sq. ft.

Heating and cooling

  • Cooling:Window Units

Structure and exterior

  • Roof:Composition
  • Year built:1943
  • Building area:744 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Wood Siding
  • Foundation Description:Pillar Post Pier
  • Levels:1 Story

Schools

  • High school:Lubbock
  • Middle school:Slaton
  • Elementary school:Brown

Finances and disclosures

  • Price:$127,500
  • Price per sq. ft.:$171.37
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated July 31, 2026 Listings with the NTREIS logo are listed by brokerages other than CENTURY 21 Middleton.

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