505 E Rice Street
Lubbock, TX 79403
3
Bedrooms
2
Bathrooms
1,103
Sq Ft
2016
Year Built
About This Home
Located at 505 E Rice St, this 3-bedroom, 2-bathroom property offers a strong value-add investment opportunity in an established Lubbock neighborhood. Featuring 1,300 square feet of functional living space, central heat and air, and washer/dryer connections, this home provides a solid, low-maintenance foundation to renovate, lease out, and add steady cash flow to your portfolio. Currently leased until 10/31/2026 at $1,125/ month.
Property Details
Property Type
RES
Property Style
SingleFamilyResidence
Status
Active
MLS #
245185042
Days on Market
61
Interior Features
Total Bedrooms
3
Flooring
Carpet, Plank, Vinyl
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Natural Gas
Exterior & Lot
Parking
Attached, Driveway, Garage
Financial Information
List Price
$105,000
Price per Sq Ft
$95
Est. Monthly Payment
$525
Market Insights
$/Sqft vs Market Avg
-33%
Below MarketMarket avg: $141/sqft
Days on Market
61
Market avg: 33 days
Price Position
Below Market
Market avg: $377,520
*Compared to 101 active listings in the area
Location
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505 E Rice Street
$105,000
$95/sqft
Est. $525/mo*
*Based on 20% down, 30-year fixed
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Christopher Brooks
Your Local Expert