114 N Avenue V, Lubbock, TX, 79415
About This Home
Situated at 114 N Avenue V, this 2-bedroom, 1-bathroom single-family home presents an excellent value-add opportunity in an established Lubbock neighborhood. Conveniently located just minutes from Texas Tech University, Downtown Lubbock, and the Medical District, the property offers a low-maintenance, single-story layout and manageable footprint, making it an ideal candidate for renovation or long-term rental. The property is currently vacant, providing the flexibility to begin updates and secure a new tenant right away. Previously leased for $975 per month, it offers proven rental income potential and a solid foundation for investors seeking both immediate opportunity and long-term value. Available individually or as part of a package deal, it's a great opportunity to expand your investment portfolio.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1941
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Brick,Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence,Residential
Interior
Bathroom
- Features: Combination Shower/Tub,Formica Counters
Bedroom1
- Features: Carpet Flooring
- Area: 112.052
- Dimensions: 8.72 x 12.85
Bedroom2
- Features: Carpet Flooring
- Area: 96.876
- Dimensions: 8.97 x 10.80
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s),Formica Counters
- Flooring: Carpet,Plank,Vinyl
- Finished area above ground: 672
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Ceiling Fan(s),Wall/Window Unit(s)
Interior Area
- Total structure area: 672
- Total interior livable area: 672 sqft
Kitchen
- Features: Tile Flooring,Wood Stain Cabinets
- Area: 110.7645
- Dimensions: 9.59 x 11.55
Living Room
- Features: Plank Flooring,Vinyl Flooring
- Area: 164.3684
- Dimensions: 12.49 x 13.16
Property
Details
- Parcel number: R71183
Features
- Exterior features: Private Yard
Lot
- Lot size: 6,534 sqft
Parking
- Parking features: Driveway
- 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
- Tornado
- Winter Weather
- Cold Wave
- Ice Storm
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 | $278 | $3,336 |
| Home Insurance * | $120 | $1,440 |
| Property Taxes | $80 | $960 |
| Electricity | $238 | $2,859 |
| Total | $716 | $8,592 |
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 |
|---|---|---|
| 2026-08-17 | Pending sale | $55,000 |
| 2026-07-22 | Listed for sale | $55,000 |
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