For sale

Price cut: $1K (5/11)

$129,000

5006 42nd St, Lubbock, TX 79414

2beds

1,056sqft

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Single Family Residence, Residential

Built in 1955

7,840 Square Feet Lot

$124,000 Zestimate^®

$122/sqft

$-- HOA

What's special

Right at the 1% investment rule! Great investment opportunity with tenants already in place. This 2 bedroom, 1 bathroom home features a functional layout with comfortable living spaces and some good updates. Located in a convenient and established Lubbock neighborhood, this property offers consistent rental demand and reliable income. With its straightforward design and appealing location, it presents strong long-term potential for investors. *It is currently rented for $1,250 a month until March 26th, 2027.

59 days

158

17

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Features: Hardwood Flooring
Area: 179.54 Square Feet
Dimensions: 13.26 x 13.54

Bedroom 1

Features: Hardwood Flooring
Area: 153.93 Square Feet
Dimensions: 11.85 x 12.99

Bathroom

Features: Combination Shower/Tub

Dining room

Features: Tile Flooring
Area: 117.21 Square Feet
Dimensions: 9.03 x 12.98

Kitchen

Features: Tile Flooring, Wood Paint Cabinets, Formica Counters
Area: 143.95 Square Feet
Dimensions: 11.09 x 12.98

Living room

Features: Hardwood Flooring
Area: 199.48 Square Feet
Dimensions: 12.92 x 15.44

Heating

Central, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Cooktop, Oven
Laundry: Laundry Room

Features

Ceiling Fan(s), Formica Counters
Flooring: Hardwood, Tile
Has fireplace: No

Interior area

Total structure area: 1,056
Total interior livable area: 1,056 sqft
Finished area above ground: 1,056

Property

Parking

Total spaces: 1
Parking features: Attached, Garage
Attached garage spaces: 1

Features

Exterior features: Private Yard

Lot

Size: 7,840 Square Feet

Details

Parcel number: R52672

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence, Residential

Materials

Stone, Vinyl Siding
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1955

Community & HOA

Community

Security: None

HOA

Has HOA: No

Location

Region: Lubbock

Financial & listing details

Price per square foot: $122/sqft
Tax assessed value: $115,073
Annual tax amount: $1,997
Date on market: 5/11/2026
Cumulative days on market: 219 days
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

$124,000

$118,000 - $130,000

$991/mo

Price history

Date	Event	Price
5/11/2026	Price change	$129,000-0.8%$122/sqft
Source: LBMLS #202606284 Report a problem
12/8/2025	Price change	$130,000-3.7%$123/sqft
Source: LBMLS #202563658 Report a problem
12/4/2025	Price change	$135,000+3.8%$128/sqft
Source: LBMLS #202563658 Report a problem
12/2/2025	Listed for sale	$130,000+9.2%$123/sqft
Source: LBMLS #202563658 Report a problem
11/17/2021	Sold	--
Source: Agent Provided Report a problem
10/18/2021	Contingent	$119,000$113/sqft
Source: LBMLS #202110026 Report a problem
10/6/2021	Listed for sale	$119,000+75%$113/sqft
Source: LBMLS #202110026 Report a problem
12/14/2017	Sold	--
Source: Agent Provided Report a problem
11/27/2017	Listed for sale	$68,000-2.7%$64/sqft
Source: Keller Williams Realty #201708868 Report a problem
2/4/2009	Listing removed	$69,900$66/sqft
Source: Systems Engineering, Inc. #9962565 Report a problem
1/18/2009	Listed for sale	$69,900$66/sqft
Source: Systems Engineering, Inc. #9962565 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,998 +16.9%	$112,910 +20%
2024	$1,709 -12%	$94,092 -9.9%
2023	$1,941 +3%	$104,403 +12.1%
2022	$1,885 +39.2%	$93,105 +39.3%
2021	$1,354 -0.7%	$66,851
2020	$1,363 -6.8%	$66,851 -0.6%
2019	$1,463 +85.7%	$67,264 -0.2%
2018	$788	$67,392 +38.2%
2017	$788 -20.2%	$48,773
2016	$988	$48,773 +1.1%
2015	$988	$48,244 -8.5%
2014	$988	$52,744
2013	--	$52,744
2012	--	$52,744
2011	--	$52,744
2010	--	$52,744
2009	--	$52,744
2008	--	$52,744 +6.4%
2007	--	$49,562 +6.4%
2006	--	$46,600 +7.1%
2005	--	$43,523 +10%
2004	--	$39,566 +10%
2003	--	$35,969 +5%
2002	$608 +13.2%	$34,242 +8.9%
2001	$537 +0.6%	$31,441
2000	$534	$31,441

Find assessor info on the county website

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