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    1937 E Colgate St Lubbock, TX 79403

    New
    For Sale
    $99,000

    MULTI_FAMILY - Lubbock, TX

    Property size:
    1,331 SF
    Lot size:
    0.17 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1937 E Colgate St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
    Bedrooms
    3
    Bathrooms
    1
    APN
    R80078
    Parking features
    Driveway
    Fireplace
    1
    Size
    1,331 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1961
    Flooring type
    Vinyl
    Roof type
    Composition

    Keller Williams Realty (806) 771-7710 [email protected]

    Listing agent Felicia Estrada (210) 274-1825 License #0673783

    Listing date Dec 3, 2025

    MLS# 202561961 Listing URL

    Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Rental Portfolio in Lubbock

    This is an incredible opportunity to acquire a turn-key, remodeled 6-property rental portfolio. It offers immediate cash flow and minimal future capital expenditure. Five homes are fully remodeled and tenant-occupied, featuring updated interiors, a solid rental history, and proven performance. One property is recently remodeled and move-in ready for lease-up or owner use. Each of the six homes features updated flooring, modern kitchens and baths, fresh paint, and improved mechanicals. The total property size is 1331 square feet on a lot of approximately 0.17 acres. This portfolio is perfect for out-of-state investors, 1031 exchange buyers, or anyone looking for stable, low-maintenance rentals from day one. The portfolio can be purchased only as a package; individual sales are not available. The properties are located in Lubbock, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.810027
    Latitude
    33.602452

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    FAQs

    What type of property is this?
    Single family property - Remodeled 6-property rental portfolio with immediate cash flow.
    Where is this single family property located?
    The property is located at 1937 E Colgate St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Turn-key, remodeled 6-property rental portfolio for immediate cash flow.; - Five tenant-occupied homes with solid rental history and proven performance.; - One recently remodeled, move-in ready property for lease-up or owner use.
    (210) 274-1825
    Request Owner's contact information
    1937 E Colgate St Lubbock, TX 79403
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    Lubbock, TX 79403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1937 E Colgate St Lubbock, TX 79403
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