Skip to main content
Back to Search Results
|

2312 15th Street, Lubbock, TX 79401

Show All 21 Photos
For Sale

$269,500

3 beds • 2 baths • 2,287 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $117.84
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Location, Location, Location: Being situated in the TTU and the Medical District places these properties in a high-demand rental market. Proximity to Texas Tech University and the medical facilities ensures a consistent pool of potential tenants or property can be sold separately perfect for first-time buyers looking for a place to call home with instant monthly income ($925) from (2) rear apartment rentals. Main house 1423 SF Rear Apartment - 432 SF Upper Rear Apartment - 432 SF. Fully Leased: Immediate cash flow is a major plus. No need to worry about vacancies and lease-up periods. The properties are already generating income from day one. Well-Maintained and Updated: Classic Charm: Original hardwood flooring, adding warmth and character; updated aesthetic and manageable size. The property(s) are in good condition, potentially reducing future maintenance costs and attracting higher-quality tenants. Discounted Price: The 2.5% discount for a portfolio purchase of all 7 properties (2312 15th Street, 3815 25th Street, 4117 33rd Street, 2708 24th Street, 2207 23nd Street, 1924 21st Street, and 4118 30th Street sold individually at $1,479,500.00) represents a substantial saving, effectively lowering the overall investment cost. Let's delve a little deeper into the numbers: Gross Potential Rent: The current monthly lease revenue of $12,355 translates to an annual potential rent of $148,260. Discounted Purchase Price: Taking advantage of the 2.5% ($37K) discount reduces the total package price $1,439,500.00. Bring Offers! Potential Return: While we don't have all the expense information, these figures allow you to calculate a preliminary gross rental yield, which can help assess the potential return on investment.
MLS# 202550351

Courtesy Of Keller Williams Realty

(806) 771-7710

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range
  • Architecture Style
    New Traditional
  • Exterior Type
    Brick
  • Lot Size
    0.15 Acres

Map and Directions

Directions to 2312 15th Street, Lubbock, TX 79401

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

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

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.

Loading