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.
For sale
$55,000
114 N Avenue V, Lubbock, TX 79415
2beds
672sqft
:
Get pre-qualifiedN/A
Single Family Residence, Residential
Built in 1941
6,534 Square Feet Lot
$40,300 Zestimate®
$82/sqft
$-- HOA
What's special
Low-maintenance single-story layout
- 4 days |
- 174 |
- 29 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Avery Shaw TREC #0842042 806-777-4175,
Keller Williams Realty,
Cole Whisenhunt TREC #0641534 806-438-7987,
Keller Williams Realty
Source: LBMLS,MLS#: 202610134
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Features: Carpet Flooring
- Area: 112.05 Square Feet
- Dimensions: 8.72 x 12.85
Bedroom 2
- Features: Carpet Flooring
- Area: 96.88 Square Feet
- Dimensions: 8.97 x 10.80
Bathroom
- Features: Combination Shower/Tub, Formica Counters
Kitchen
- Features: Tile Flooring, Wood Stain Cabinets
- Area: 110.76 Square Feet
- Dimensions: 9.59 x 11.55
Living room
- Features: Plank Flooring, Vinyl Flooring
- Area: 164.37 Square Feet
- Dimensions: 12.49 x 13.16
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
Appliances
- Included: Cooktop
Features
- Ceiling Fan(s), Formica Counters
- Flooring: Carpet, Plank, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 672
- Total interior livable area: 672 sqft
- Finished area above ground: 672
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: Private Yard
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: R71183
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Frame, Vinyl Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1941
Community & HOA
Community
- Security: None
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $38,094
- Annual tax amount: $593
- Date on market: 7/22/2026
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
$40,300
$31,000 - $52,000
$768/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $55,000$82/sqft |
Source:  LBMLS #202610134 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $594 +16.9% | $33,559 -14.9% |
| 2024 | $508 +17.2% | $39,421 +69.2% |
| 2023 | $433 -8.2% | $23,305 |
| 2022 | $472 +18.4% | $23,305 +24.4% |
| 2021 | $399 +5.1% | $18,737 +5.8% |
| 2020 | $379 -1.5% | $17,703 |
| 2019 | $385 +0.7% | $17,703 |
| 2018 | $382 | $17,703 +4.1% |
| 2017 | $382 +0.9% | $17,013 |
| 2016 | $379 | $17,013 -0.2% |
| 2015 | $379 | $17,051 |
| 2014 | $379 | $17,051 |
| 2013 | -- | $17,051 |
| 2012 | -- | $17,051 |
| 2011 | -- | $17,051 |
| 2010 | -- | $17,051 |
| 2009 | -- | $17,051 |
| 2008 | -- | $17,051 -1.4% |
| 2007 | -- | $17,297 +30.7% |
| 2006 | -- | $13,238 |
| 2005 | -- | $13,238 |
| 2004 | -- | $13,238 |
| 2003 | -- | $13,238 -7.6% |
| 2002 | $355 +19.4% | $14,330 +19.2% |
| 2001 | $297 +0.7% | $12,017 |
| 2000 | $295 | $12,017 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Jackson-Mahon
Nearby schools
GreatSchools rating
- 4/10Carmona-Harrison Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Cavazos Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Lubbock High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Carmona-Harrison
- Middle: Cavazos
- High: Lubbock
Source: LBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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