Looking for a rental property that is already producing income? This 3-bedroom, 1-bathroom home at 1937 E Colgate St, Lubbock, TX is tenant-occupied and currently renting for $1,200/month, offering immediate cash flow from day one. Offered at $100,000, this recently remodeled property could be a strong addition to your rental portfolio or a great entry point for an investor looking for steady monthly income. Inside, the home features a comfortable layout, a fireplace, and updates that help make it appealing for both tenants and future owners. The existing tenant provides a smooth transition and helps reduce the downtime and uncertainty that can come with placing a new renter. Highlights: Sales Price: $100,000 Current Rent: $1,200/month 3 Bedrooms 1 Bathroom Fireplace Recently Remodeled Tenant Occupied Immediate Cash Flow Investor-Friendly Opportunity Please do not disturb the tenant. Showings available by appointment with proper notice. Buyer to verify all property details, lease terms, taxes, insurance, and condition.
For sale
$100,000
1937 E Colgate St, Lubbock, TX 79403
3beds
1,331sqft
Single Family Residence, Residential
Built in 1961
7,405 Square Feet Lot
$98,100 Zestimate®
$75/sqft
$-- HOA
What's special
Comfortable layoutRecently remodeled property
- 14 days |
- 79 |
- 6 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Chris Carter TREC #0817825 806-500-5599,
The 32:18 Management Group
Source: LBMLS,MLS#: 202608348
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Gas Range, Refrigerator
- Laundry: In Unit
Features
- Ceiling Fan(s)
- Flooring: Luxury Vinyl
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,331
- Total interior livable area: 1,331 sqft
- Finished area above ground: 1,331
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: None
- Fencing: Chain Link
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: R80078
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1961
Community & HOA
Community
- Security: None
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $48,122
- Annual tax amount: $851
- Date on market: 6/18/2026
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$98,100
$93,000 - $103,000
$885/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $100,000+1%$75/sqft |
Source:  LBMLS #202608348 Report a problem | ||
| 2/12/2026 | Listing removed | $1,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Sold | -- |
Source: LBMLS #202561961 Report a problem | ||
| 12/31/2025 | Pending sale | $99,000$74/sqft |
Source: LBMLS #202561961 Report a problem | ||
| 12/3/2025 | Price change | $99,000+15.1%$74/sqft |
Source: LBMLS #202561961 Report a problem | ||
| 11/18/2025 | Price change | $86,000+19.4%$65/sqft |
Source: LBMLS #202561961 Report a problem | ||
| 10/17/2025 | Listed for sale | $72,000$54/sqft |
Source: LBMLS #202561961 Report a problem | ||
| 10/14/2025 | Listed for rent | $1,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $851 -5.5% | $48,122 -3% |
| 2024 | $901 -1.1% | $49,610 +1.3% |
| 2023 | $911 -8.2% | $48,982 |
| 2022 | $992 +81.7% | $48,982 +90.9% |
| 2021 | $546 +7% | $25,654 +7.8% |
| 2020 | $510 -1.5% | $23,808 |
| 2019 | $518 +5.4% | $23,808 |
| 2018 | $491 | $23,808 +8.9% |
| 2017 | $491 +3.8% | $21,853 -0.8% |
| 2016 | $473 | $22,040 +3.5% |
| 2015 | $473 | $21,292 |
| 2014 | $473 | $21,292 |
| 2013 | -- | $21,292 |
| 2012 | -- | $21,292 |
| 2011 | -- | $21,292 |
| 2010 | -- | $21,292 +5.1% |
| 2009 | -- | $20,250 |
| 2008 | -- | $20,250 -32.8% |
| 2007 | -- | $30,114 +22.3% |
| 2006 | -- | $24,614 |
| 2005 | -- | $24,614 +1.5% |
| 2004 | -- | $24,242 -21.2% |
| 2003 | -- | $30,753 +3.4% |
| 2002 | $737 +0.2% | $29,738 |
| 2001 | $736 +28.3% | $29,738 +27.3% |
| 2000 | $574 | $23,352 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Parkway and Cherry Point
Nearby schools
GreatSchools rating
- 2/10Alderson Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 2/10Dunbar College Preparatory AcademyGrades: 6-8Distance: 2.3 mi
- 2/10Estacado High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Lubbock County
- Lubbock
- 79403
- Parkway and Cherry Point
- 1937 E Colgate St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Lubbock Topics
