4423 31st St Lubbock, TX 79410
Coronado NeighborhoodEstimated payment $1,281/month
Total Views
29,141
4
Beds
2
Baths
2,003
Sq Ft
$95
Price per Sq Ft
Highlights
- No HOA
- Awning
- Central Heating and Cooling System
- Covered Patio or Porch
About This Home
This value-packed duplex at 4423 31st St in Lubbock offers immediate income with room for upside. One side is currently leased through July 2025 at $885/month, while the other side is vacant and ready to lease at the same projected rate. Each unit includes 2 bedrooms and 1 bath, combining for an estimated $21,240 in annual income—yielding an impressive 11.18% CAP Rate and ROI. Located just minutes from Texas Tech and situated in a popular rental corridor just across the street from a middle school, this duplex is a strong performer for buy-and-hold investors. Features include covered parking, separate private entrances, and durable brick construction that keeps maintenance low. Zoned in a high-demand area with proven rental history, this property is priced competitively under market value. It can be purchased individually or as part of a rare 6-property investment portfolio that also includes 6313 23rd St, 6315 24th St, 6210 22nd St, 6212 22nd St, and neighboring duplex 4425 31st St. (the duplex just next door). Don't miss this awesome investment opportunity!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,968
Year Built
- Built in 1960
Lot Details
- 9,425 Sq Ft Lot
- Back Yard Fenced
- Zoning described as Multi-Family
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,003 Sq Ft Home
- Awning
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Carport Space
- Driveway
- Off-Street Parking
Additional Features
- Covered Patio or Porch
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R40459
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,968 | $163,422 | $30,000 | $133,422 |
| 2023 | $3,005 | $161,665 | $16,250 | $145,415 |
| 2022 | $3,273 | $161,665 | $16,250 | $145,415 |
| 2021 | $1,720 | $80,304 | $16,250 | $64,054 |
| 2020 | $1,746 | $80,304 | $16,250 | $64,054 |
| 2019 | $1,803 | $80,304 | $16,250 | $64,054 |
| 2018 | $1,805 | $80,304 | $16,250 | $64,054 |
| 2017 | $1,807 | $80,304 | $16,250 | $64,054 |
| 2016 | $1,657 | $73,622 | $9,750 | $63,872 |
| 2015 | $1,786 | $73,345 | $9,750 | $63,595 |
| 2014 | $1,786 | $80,308 | $9,750 | $70,558 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/25/2025 05/25/25 | For Sale | $190,000 | -- | $95 / Sq Ft |
Source: Lubbock Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Happy State Bank | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $262,400 | Commercial |
Source: Public Records
Similar Homes in Lubbock, TX
Source: Lubbock Association of REALTORS®
MLS Number: 202555271
APN: R40459
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