Turnkey investment opportunity with immediate cash flow. This 2-bedroom, 1-bath home is currently tenant-occupied at $950/month, offering instant income from day one. The long-term tenant has occupied the property for over 30 years and has maintained it in exceptionally clean, well-kept condition—something rarely found in rental properties. Pride of occupancy shows throughout. Major recent update includes a fully replaced garage system with new motor, track, and door, reducing near-term maintenance concerns. Situated on a large lot with a spacious backyard, this property offers additional upside potential for future improvements, expansion, or increased rental value. Whether you're looking to add a stable performer to your portfolio or secure a low-maintenance entry into investing, this is a strong, proven asset with built-in reliability.
Sold
Price Unknown
3015 48th St, Lubbock, TX 79413
2beds
884sqft
Single Family Residence, Residential
Built in 1953
7,840.8 Square Feet Lot
$104,000 Zestimate®
$--/sqft
$931 Estimated rent
Home value
$104,000
$99,000 - $109,000
$931/mo
Zestimate® history
Owner options
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List your homeWhat's special
Exceptionally clean well-kept conditionSpacious backyardLarge lot
Zillow last checked:
Listing updated:
Listed by:
John Thomasson TREC #0811053 806-438-3852,
Keller Williams Realty
Bought with:
John Thomasson, TREC #0811053
Keller Williams Realty
Source: LBMLS,MLS#: 202605985
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dryer, Gas Cooktop, Refrigerator, Washer
- Laundry: In Garage, Laundry Chute, Washer Hookup
Features
- Ceiling Fan(s)
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 884
- Total interior livable area: 884 sqft
- Finished area above ground: 884
Property
Parking
- Parking features: Garage
Features
- Patio & porch: Front Porch
- Exterior features: None
- Fencing: Back Yard
Lot
- Size: 7,840 sqft
Details
- Parcel number: R137892
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Unknown
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1953
Community & neighborhood
Security
- Security features: None
Location
- Region: Lubbock
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: All Weather
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Sold | -- |
Source:  LBMLS #202605985 Report a problem | ||
| 5/8/2026 | Pending sale | $107,000$121/sqft |
Source: LBMLS #202605985 Report a problem | ||
| 5/5/2026 | Listed for sale | $107,000$121/sqft |
Source: LBMLS #202605985 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,747 -3.5% | $98,714 -0.9% |
| 2024 | $1,809 +4.5% | $99,627 +7% |
| 2023 | $1,731 -1.4% | $93,136 +7.4% |
| 2022 | $1,756 +12.5% | $86,741 +18.2% |
| 2021 | $1,561 +12.7% | $73,411 +13.5% |
| 2020 | $1,385 -3.4% | $64,691 -1.9% |
| 2019 | $1,434 -1.4% | $65,937 |
| 2018 | $1,454 | $65,937 +1.9% |
| 2017 | $1,454 +33.8% | $64,691 +20.9% |
| 2016 | $1,087 | $53,500 +5.2% |
| 2015 | $1,087 | $50,872 +4.1% |
| 2014 | $1,087 | $48,884 +6.5% |
| 2013 | -- | $45,904 |
| 2012 | -- | $45,904 |
| 2011 | -- | $45,904 |
| 2010 | -- | $45,904 -2.8% |
| 2009 | -- | $47,229 |
| 2008 | -- | $47,229 -0.5% |
| 2007 | -- | $47,454 +6.8% |
| 2006 | -- | $44,422 |
| 2005 | -- | $44,422 +3.5% |
| 2004 | -- | $42,907 +14.2% |
| 2003 | -- | $37,560 +5.2% |
| 2002 | $886 +19.5% | $35,716 +19.3% |
| 2001 | $741 +0.7% | $29,936 |
| 2000 | $736 | $29,936 |
Find assessor info on the county website
Neighborhood: Wheelock & Monterey
Nearby schools
GreatSchools rating
- 4/10Wheelock Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Atkins Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Monterey High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Maedgen
- Middle: Slaton
- High: Monterey
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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$104,000
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+$2,080
With Zillow Showcase(estimated)
$106,080
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