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
$-- Zestimate®
$75/sqft
$-- HOA
What's special
Comfortable layoutRecently remodeled property
- 108 days
- 45
- 3
Zillow last checked:
Listing updated:
Listed by:
Chris Carter TREC #0817825 806-500-5599,
The 32:18 Management Group
Source: LBMLS,MLS#: 202608348
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
Not available
Estimated sales range
Not available
$1,033/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
Payment breakdown
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Neighborhood: Parkway and Cherry Point
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