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!
For sale
Price cut: $5K (8/11)
$120,000
1516 27th St, Lubbock, TX 79411
3beds
744sqft
Multi Family
Built in 1943
-- sqft lot
$-- Zestimate®
$161/sqft
$-- HOA
What's special
Two separate living spacesFresh move-in-ready space
- 52 days |
- 70 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Kensey Chase 0749269 940-231-8775,
Real Broker, LLC 855-450-0442
Source: NTREIS,MLS#: 21320356
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Cooling
- Window Unit(s)
Features
- Other
- Flooring: Other
Interior area
- Total structure area: 744
- Total interior livable area: 744 sqft
Video & virtual tour
Property
Parking
- Parking features: Additional Parking, On Street
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 6,695 Square Feet
Details
- Parcel number: 0000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1943
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Belmont Place
HOA
- Has HOA: No
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $62,569
- Annual tax amount: $1,107
- Date on market: 7/3/2026
- Cumulative days on market: 54 days
Estimated market value
Not available
Estimated sales range
Not available
$747/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $695-7.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/11/2026 | Price change | $120,000-4%$161/sqft |
Source: NTREIS #21320356 Report a problem | ||
| 8/3/2026 | Price change | $125,000-2%$168/sqft |
Source: NTREIS #21320356 Report a problem | ||
| 7/21/2026 | Price change | $127,500-1.9%$171/sqft |
Source: NTREIS #21320356 Report a problem | ||
| 7/12/2026 | Price change | $750+25%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/6/2026 | Listed for rent | $600-14.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/3/2026 | Listed for sale | $130,000+116.7%$175/sqft |
Source: NTREIS #21320356 Report a problem | ||
| 7/17/2025 | Listing removed | $700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/18/2025 | Price change | $700-6.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/31/2025 | Listed for rent | $750+104.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/23/2024 | Sold | -- |
Source:  LBMLS #202412300 Report a problem | ||
| 11/7/2024 | Pending sale | $60,000$81/sqft |
Source: LBMLS #202412300 Report a problem | ||
| 10/16/2024 | Listing removed | $366 |
Source: Zillow Rentals Report a problem | ||
| 10/4/2024 | Listed for sale | $60,000-46.3%$81/sqft |
Source: LBMLS #202412300 Report a problem | ||
| 5/22/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/15/2024 | Price change | $366-26.7% |
Source: Zillow Rentals Report a problem | ||
| 5/9/2024 | Price change | $499+0.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/2/2024 | Price change | $495-0.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2024 | Price change | $499-9.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/28/2024 | Price change | $549-15.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/16/2024 | Listed for rent | $650+30.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/27/2023 | Listing removed | -- |
Source: NTREIS #20448869 Report a problem | ||
| 10/6/2023 | Listed for sale | $111,750$150/sqft |
Source: NTREIS #20448869 Report a problem | ||
| 2/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/2/2023 | Listed for rent | $499$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,107 -6.4% | $62,569 -3.9% |
| 2024 | $1,183 +12% | $65,120 +14.7% |
| 2023 | $1,055 -5% | $56,779 +3.5% |
| 2022 | $1,111 +21.2% | $54,883 +27.3% |
| 2021 | $917 +30.7% | $43,097 +31.6% |
| 2020 | $702 +21.1% | $32,758 +23% |
| 2019 | $579 +30.2% | $26,638 +25.9% |
| 2018 | $445 | $21,155 +6.9% |
| 2017 | $445 -27.4% | $19,787 +1.1% |
| 2016 | $613 | $19,572 -33.3% |
| 2015 | $613 | $29,363 +6.6% |
| 2014 | $613 | $27,550 +17.3% |
| 2013 | -- | $23,477 |
| 2012 | -- | $23,477 -6.1% |
| 2011 | -- | $25,000 |
| 2010 | -- | $25,000 |
| 2009 | -- | $25,000 -21.1% |
| 2008 | -- | $31,703 +20.4% |
| 2007 | -- | $26,323 |
| 2006 | -- | $26,323 +2.1% |
| 2005 | -- | $25,782 +7.5% |
| 2004 | -- | $23,976 +5.6% |
| 2003 | -- | $22,713 +39.3% |
| 2002 | $404 +0.2% | $16,309 |
| 2001 | $404 +0.7% | $16,309 |
| 2000 | $401 | $16,309 |
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: Slaton-Bean
Nearby schools
GreatSchools rating
- 4/10Bean Elementary SchoolGrades: 3-5Distance: 0.2 mi
- 2/10Dunbar College Preparatory AcademyGrades: 6-8Distance: 2.2 mi
- 2/10Estacado High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Brown
- Middle: Slaton
- High: Lubbock
- District: Lubbock ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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