Great Investment opportunity near Texas Tech University. This property has 2 rent producing homes. The front house is a 2/1 with a section 8 tenant that pays $963 a month. The back house is a 1/1 that can rent for $600 a month.
For sale
Price increase: $25K (6/22)
$124,980
206 Avenue S, Lubbock, TX 79415
3beds
1,132sqft
Multi Family
Built in 1949
-- sqft lot
$122,300 Zestimate®
$110/sqft
$-- HOA
What's special
- 211 days
- 51
- 1
Zillow last checked:
Listing updated:
Listed by:
Jana Lowdermilk TREC #0715831 806-928-5767,
Jerry J. Kitten Broker
Source: LBMLS,MLS#: 202601405
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Features
- Formica Counters
- Has fireplace: No
Interior area
- Total structure area: 1,132
- Total interior livable area: 1,132 sqft
- Finished area above ground: 1,132
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: None
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: R47055
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Asbestos
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1949
Community & HOA
Community
- Security: None
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $77,318
- Annual tax amount: $994
- Date on market: 7/24/2026
- Cumulative days on market: 181 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: All Weather
Estimated market value
$122,300
$116,000 - $128,000
$995/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $124,980$110/sqft |
Source:  LBMLS #202601405 Report a problem | ||
| 6/24/2026 | Pending sale | $124,980$110/sqft |
Source: LBMLS #202601405 Report a problem | ||
| 6/22/2026 | Price change | $124,980+25%$110/sqft |
Source: LBMLS #202601405 Report a problem | ||
| 4/9/2026 | Price change | $99,980-13%$88/sqft |
Source: LBMLS #202601405 Report a problem | ||
| 2/2/2026 | Price change | $114,980-6.9%$102/sqft |
Source: LBMLS #202555094 Report a problem | ||
| 12/15/2025 | Price change | $123,500-3.9%$109/sqft |
Source: LBMLS #202555094 Report a problem | ||
| 9/4/2025 | Price change | $128,500-0.8%$114/sqft |
Source: LBMLS #202555094 Report a problem | ||
| 5/22/2025 | Listed for sale | $129,500+119%$114/sqft |
Source: LBMLS #202555094 Report a problem | ||
| 4/9/2015 | Listing removed | $60,000$53/sqft |
Source: Kearney & Associates, REALTORS #201500092 Report a problem | ||
| 1/7/2015 | Listed for rent | $60,000$53/sqft |
Source: Kearney & Associates, REALTORS #201500092 Report a problem | ||
| 11/10/2011 | Listing removed | $59,125$52/sqft |
Source: Real Living #9982694 Report a problem | ||
| 12/3/2010 | Price change | $59,125-7.8%$52/sqft |
Source: Systems Engineering, Inc. #9968558 Report a problem | ||
| 8/28/2010 | Listed for sale | $64,125$57/sqft |
Source: Systems Engineering, Inc. #9968558 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,162 +16.9% | $65,671 -18% |
| 2024 | $994 +17.2% | $80,067 +71.5% |
| 2023 | $848 -10.3% | $46,676 |
| 2022 | $945 +19.4% | $46,676 +25.4% |
| 2021 | $791 +31.7% | $37,212 +32.6% |
| 2020 | $601 -23.8% | $28,061 -22.6% |
| 2019 | $788 +11.7% | $36,260 +10.7% |
| 2018 | $706 | $32,744 +4.2% |
| 2017 | $706 +13.4% | $31,414 +8.9% |
| 2016 | $623 | $28,851 +0.1% |
| 2015 | $623 | $28,818 +2.9% |
| 2014 | $623 | $28,000 |
| 2013 | -- | $28,000 +7.7% |
| 2012 | -- | $26,000 -2.9% |
| 2011 | -- | $26,780 |
| 2010 | -- | $26,780 |
| 2009 | -- | $26,780 +11.6% |
| 2008 | -- | $24,000 +20% |
| 2007 | -- | $20,000 -8.5% |
| 2006 | -- | $21,857 |
| 2005 | -- | $21,857 |
| 2004 | -- | $21,857 |
| 2003 | -- | $21,857 -3.3% |
| 2002 | $561 +20.4% | $22,607 +20.2% |
| 2001 | $465 +0.7% | $18,801 |
| 2000 | $462 | $18,801 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Jackson-Mahon
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