1609 39th Street, Lubbock, TX 79412 (MLS # 202561249)

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PRICE $102,500 BEDS 3 BATHS 1 HOME SIZE 1,064 sqft LOT SIZE 7,754 sqft Request More Info Schedule a Showing

This 3 bed, 1 bath home presents a compelling Lubbock investment opportunity at an increasingly rare $105,000 entry point. Located next to South Plains College, the property is well positioned for student housing or long-term rental demand, offering a reliable tenant pool year after year. Recent updates reduce near-term capital risk, including a new roof installed September 2025, fully repainted interior, and updated flooring in the main living areas. A storm cellar adds durability and practical value. The home also carries a history of consistent rental income, with some interior work currently in progress, creating a clear value-add path. The property is being sold as-is, with the option to complete remaining interior improvements with an acceptable offer, allowing investors to capture equity efficiently. Situated on 39th Street, part of the Buddy Holly Tour Trail and home to one of Buddy Holly's historic residences, the location adds cultural significance and long-term appeal. A strong fit for buy-and-hold investors, student rentals, or those seeking a stable Lubbock asset with upside in a proven rental corridor.