Two-Bedroom Specialty
For Sale
$79,000
2703 2nd Street, Lubbock, TX 79415
Residential Income, Lubbock, TX
Property Size704 SF
Lot Size0.14 Acres
Price / SF$112.22
Days on Market92
Property Features for 2703 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
4
Standard status
Active
APN
R91756
Size
704 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Parks Blk 19 L 2
Tax Annual Amount
1320
Legal Description
Parks Blk 19 L 2
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1947
Roof type
Composition
Listing Agency:
The 32:18 Management Group
(806) 319-1021
Listed By:
Chris Carter · License #0817825
(806) 500-5599
Added: Jul 16
Changed: Sep 17
Last Checked: Oct 15 at 10:06PM
MLS# 202609789
Copyright © 2026 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This recently updated specialty property features two bedrooms and one bathroom. The home includes central heating and central air, and it has a composition roof. Appliances convey with the property.
The property sits on a 0.14-acre lot and has a total size of 704 square feet. It was built in 1947.
As part of a larger real estate portfolio, the property is offered as part of a $2.2 million portfolio and will not be sold individually.
The property sits on a 0.14-acre lot and has a total size of 704 square feet. It was built in 1947.
As part of a larger real estate portfolio, the property is offered as part of a $2.2 million portfolio and will not be sold individually.
Key Highlights
- 0.14‑acre lot
- Two bedrooms and one bathroom
- 704 SF total size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,709
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,180
$114.2K
Cap Rate 7%
$81,557
$81.6K
Cap Rate 9%
$63,433
$63.4K
Market Conditions
NOI Build-Up for 704 SF
Gross rent
$11.1K $15.72/SF
− Vacancy
−$686 −$0.97/SF
EGI
$10.4K $14.75/SF
− OpEx
−$4.7K −$6.64/SF
NOI
$5.7K $8.11/SF
Area
Lubbock, TX
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,180
Cap Rate 7%
$81,557
Cap Rate 9%
$63,433
Alternative Uses
Best Use
Apartment 5plus
$81.6K
$71.4K – $95.2K
NOI $5,709 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.5K
$155.3K – $207.1K
NOI $12,424 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 79415, TX
17,499
Population
7,225
Households
2.4
Avg Household Size
30
Median Age
26%
College-Educated
77%
High-School Grad
67.8 sq mi
ZIP Area
258
Density / Sq Mi
$37,101
Median Household Income
$25,506
Median Earnings
$956
Median Rent
$94,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Single family property - Recently updated two-bedroom, one-bath specialty property with central heating and central air on a 0.14-acre lot.
Where is this single family property located?
The property is located at 2703 2nd Street Lubbock, TX.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: 0.14‑acre lot; Two bedrooms and one bathroom; 704 SF total size
