2011 38th St, Lubbock, TX, 79412
About This Home
Investor opportunity in the heart of Lubbock, TX! This centrally located 2-bedroom, 1-bath home is just minutes from Texas Tech University (approx. 7 minutes), making it an ideal rental property. Professionally managed by Location Rentals, this property is truly turnkey with consistent rental performance. Currently leased at $895/month, offering a projected annual income of $10,740. This property is part of a package deal, MLS# 202605274 including 5430 Ave B, both offered together for a total price of $149,000—providing added value and strong investment potential.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1951
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s)
- Window features: Aluminum Frames
- Flooring: Hardwood
- Finished area above ground: 709
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Ceiling Fan(s),Wall/Window Unit(s)
Interior Area
- Total structure area: 709
- Total interior livable area: 709 sqft
Property
Details
- Parcel number: R47246
- Other equipment: None
Features
- Exterior features: None
- Fencing: Fenced
Lot
- Lot size: 6,534 sqft
Parking
- Parking features: Driveway,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Cold Wave
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $348 | $4,176 |
| Home Insurance * | $132 | $1,584 |
| Property Taxes | $100 | $1,200 |
| Electricity | $238 | $2,859 |
| Total | $818 | $9,816 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $825 |
| 2026-05-01 | Price change | $850 |
| 2026-04-20 | Listed for sale | $72,900 |
| 2026-04-08 | Listed for rent | $895 |
| 2020-07-30 | Sold | -- |
| 2019-07-09 | Listing removed | $54,300 |
| 2019-06-24 | Listed for sale | $54,300 |
| 2019-01-10 | Listing removed | $795 |
| 2019-01-07 | Listed for rent | $795 |
| 2017-06-08 | Listing removed | $795 |
| 2017-06-01 | Listed for rent | $795 |
| 2017-04-20 | Listing removed | $49,000 |
| 2016-09-08 | Listed for sale | $49,000 |
| 2012-06-21 | Listing removed | $45,000 |
| 2010-07-25 | Listed for sale | $45,000 |
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