5006 42nd Street
Lubbock, TX 79414
$129,000
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.
| MLS #: | 202606284 |
|---|---|
| List Price: | $129,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Property Status: | Closed |
| Bedrooms: | 2 |
| Full Baths: | 1 |
| Taxes: | $1,997 |
| Lot Size: | 7,800.0 |
| Acres: | 0.18 |
| Building Style: | Traditional |
| Waterfront?: | No |
| Town: | Lubbock |
| County: | Lubbock |
| ZIP: | 79414 |
| Year Built: | 1955 |
| Status: | Closed |
| Parcel Number: | R52672 |
| Cooling: | Central Air, Electric |
| Exterior Features: | Private Yard |
| Lot Size Units: | Acres |
| Security Features: | None |
| Heating?: | Yes |
| Bathrooms Total Integer: | 1 |
| Cooling?: | Yes |
| State Or Province: | TX |
| Interior Features: | Ceiling Fan(s), Formica Counters |
| Listing Terms: | Cash, Conventional, FHA, VA Loan |
| Building Area Total: | 1,056.0 |
| Listing Contract Date: | 2026-05-11 |
| Lot Size Area: | 0.18 |
| Parking Features: | Attached, Garage |
| Heating: | Central, Natural Gas |
| Attached Garage?: | Yes |
| Garage Spaces: | 1.0 |
| Bathrooms Total Decimal: | 1.0 |
| Roof: | Composition |
| Construction Materials: | Stone, Vinyl Siding |
| Road Surface Type: | Paved |
| Foundation Details: | Slab |
| Approval Status: | Yes |
| Rooms Total: | 6 |
| Basement Yn: | No |
| Elementary School: | Stewart |
| Above Grade Finished Area: | 1,056.0 |
| Middle Or Junior School: | Irons |
| High School: | Coronado |
| Garage?: | Yes |
| MLS Area Major: | 3 |
| MLS Area Minor: | 3 |
| List Agent Key: | 20241212154155142964000000 |
| Location Tax And Legal Mls Area Minor: | 307 |
| General Property Information Accessibility Features Yn2: | No |
| General Property Information Ud D1402 062: | 666,666.67 |
| Status Change Information Projected Closing Date2: | 2026-10-11 |
| Status Change Information Buyer FinancingBuyer Financing: | Conventional |
| High School District: | Lubbock ISD |
| Appliances: | Cooktop, Oven |
| Road Frontage Type: | City Street |
| Above Grade Finished Area Source: | Public Records |
| Lot Size Source: | Public Records |
| Original List Price: | $129,000 |
| Laundry Features: | Laundry Room |
| Title Company Information Title Company: | True Title |
| Title Company Information Title Company Address: | 5010 122nd Street. Lubbock, TX 79424 |
| Title Company Information Title Company Fax: | None Available |
| Title Company Information Title Company Phone: | (806) 993-3000 |
| Living Area Source: | Public Records |
| Parking Total: | 1 |
| Bathrooms Half: | 0 |
| Flooring: | Hardwood, Tile |
| Living Area: | 1,056 |
| Room Types: | Bathroom, Bedroom 1, Dining Room, Kitchen, Living Room, Primary Bedroom |
| Stories Total: | 1 |
| General Property Information Year Built Source: | Public Records |
| Contract Information Original Entry Timestamp: | 2026-05-11T11:07:12-05:00 |
| PIDPUD: | None |
| Showing Considerations: | Occupied, Pet(s) on Premises |
Listing Courtesy of: Keller Williams Realty
Listing Agent: Cole Whisenhunt
806-438-7987
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All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
© 2026 Lubbock Association of REALTORS®.
Lubbock Association of REALTORS® data last updated on October 08, 2026 04:25 PM - CT.
Property Last Updated: October 08, 2026 04:25 PM - CT
