3015 48th St

Lubbock, TX 79413

$107,000
Price
2
Beds
884 Sq. Ft.
$121 / Sq. Ft.
884
Sq. Ft.
$121
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending
DSC08678
DSC08676
DSC08677
DSC08667
DSC08668
DSC08669
DSC08671
DSC08661
DSC08664
DSC08659
DSC08660
DSC08674
DSC08662
DSC08675
DSC08672
DSC08673

Description

Turnkey investment opportunity with immediate cash flow. This 2-bedroom, 1-bath home is currently tenant-occupied at $950/month, offering instant income from day one. The long-term tenant has occupied the property for over 30 years and has maintained it in exceptionally clean, well-kept condition—something rarely found in rental properties. Pride of occupancy shows throughout. Major recent update includes a fully replaced garage system with new motor, track, and door, reducing near-term maintenance...Turnkey investment opportunity with immediate cash flow. This 2-bedroom, 1-bath home is currently tenant-occupied at $950/month, offering instant income from day one. The long-term tenant has occupied the property for over 30 years and has maintained it in exceptionally clean, well-kept condition—something rarely found in rental properties. Pride of occupancy shows throughout. Major recent update includes a fully replaced garage system with new motor, track, and door, reducing near-term maintenance concerns. Situated on a large lot with a spacious backyard, this property offers additional upside potential for future improvements, expansion, or increased rental value. Whether you're looking to add a stable performer to your portfolio or secure a low-maintenance entry into investing, this is a strong, proven asset with built-in reliability.
  1. Listed by John Thomasson • TREC #0811053 • Keller Williams Realty
    P: (806)-438-3852 C: (806)-438-3852 johnthomasson@kw.com

Property Details for 3015 48th Street

Water Front
No
LISTING UPDATED: 05/08/2026 01:25 PM

Property Details for 3015 48th Street

StatusPending
MLS #202605985
Days on Market1
Taxes$1,747 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1953
Lot Size0.18 AC / 7,950 SF
CountyLubbock County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Keller Williams Realty
Add your commute

Building Information for 3015 48th Street

Stories-Year Built1953Building Size-Lot Size0.18 AC / 7,950 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$684 per month

30 year fixed, 6.46% Interest

Principal and Interest

$539

Property Taxes

$146

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3015 48th Street

Summary
Location and General Information
  • MLS Area Major: 3
  • Latitude: 33.550396
  • Longitude: -101.880668
  • MLS Area Minor: 3
  • Unparsed First Line Address: 3015 48th Street
Taxes and HOA
  • Association Fee: $0
  • Tax Legal Description: Hulin Heights Blk 13 L 8
School Information
  • Elementary School: Maedgen
  • High School: Monterey
  • Middle Or Junior School: Slaton
Parking
  • Attached Garage: No
Property
Lot Information
  • Above Grade Finished Area: 884.0
  • Above Grade Finished Area Source: Public Records
  • Living Area Source: Public Records
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 7950.0
  • Lot Size Acres: 0.18
  • Building Area Total: 884.0
  • Lot Size Area: 0.18
  • Lot Size Units: Acres
Property and Assessments
  • New Construction: No
  • Parcel Number: R137892
  • Senior Community: No
  • Property Type: Residential,Single Family Residence
  • Year Built: 1953
  • Property Sub Type: Single Family Residence
Interior and Exterior Features
Exterior Features
  • Basement: No
  • Horse: No
Interior Features
  • Fireplace: No
  • Total Bathrooms Source: MLS
  • Baths Total: 1.0
  • Bathrooms Total Integer: 1
  • Bathrooms Total Decimal: 1.0
  • Bathrooms Total Notational: 1.0
  • Cooling: Yes
  • Heating: Yes
  • Rooms Total: 0
Agent
Sale and Listing
  • Sold Exclusive: No
  • Listing Number: 202605985
  • Current Price: $107,000.00
  • Property Class: Residential

Property History for 3015 48th Street

DateEvent & SourcePriceAppreciation
May 8, 2026

Pending

LARMLS #202605985

—
May 5, 2026

Listed (Active)

LARMLS #202605985

$107,000—
DateEvent & SourcePrice
05/08/2026

Pending

LARMLS #202605985

—
05/05/2026

Listed (Active)

LARMLS #202605985

$107,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3015 48th Street

Taxable ValueLand$27,000Additions$71,714Total$98,714
Tax Record2025$1,747 ($146 / month)
Home Facts
Beds2Total Finished SqFt884 SqFtAbove Grade Finished SqFt884 SqFtLot Size7,950 SqFtStyleSingle Family ResidenceYear Built1953Zoning0038CountyLUBBOCKAPNR137892

Schools near 3015 48th Street

This home is within Lubbock Independent School District.
Rating
School
Type
Grades
Distance
Wheelock Elementary School
Public - PK to 5
Slaton Middle School
Public - 6 to 8
Monterey High School
Public - 9 to 12
Brown Elementary School (PK-1)
Public - PK to 5
Rating
School
Distance
Wheelock Elementary School
PublicPK to 5

Slaton Middle School
Public6 to 8

Monterey High School
Public9 to 12

Brown Elementary School (PK-1)
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.