308 S 11th St

Slaton, TX 79364

$89,000
Price
3
Beds
1,049 Sq. Ft.
$85 / Sq. Ft.
1,049
Sq. Ft.
$85
per Sq. Ft.
a front view of a house with garden
a picture of a floor plan

Description

This is the kind of investment opportunity that checks every box: strong cash flow, future upside, and a turnkey tenant in place. Located on a spacious corner lot in Slaton, TX, this 3-bedroom, 2-bath property currently exceeds the sought-after 1% rule. A 2-year lease is in place, providing immediate, reliable rental income with no downtime. The home is currently occupied as a single-family residence, but savvy investors will appreciate the value-add potential. With minimal modifications, the layout...This is the kind of investment opportunity that checks every box: strong cash flow, future upside, and a turnkey tenant in place. Located on a spacious corner lot in Slaton, TX, this 3-bedroom, 2-bath property currently exceeds the sought-after 1% rule. A 2-year lease is in place, providing immediate, reliable rental income with no downtime. The home is currently occupied as a single-family residence, but savvy investors will appreciate the value-add potential. With minimal modifications, the layout could be reconfigured to create two separate units. The front portion of the home would serve as a comfortable 2-bedroom residence, that accounts for the listed 1049 sq ft. The attached rear unit—offering an additional 650 sq ft—could function as an efficiency apartment, complete with its own kitchenette, private bathroom, and shared laundry access. This flexible configuration offers the ability to maximize rent and cater to a broader tenant base. Whether you're building your portfolio or looking for a solid addition with immediate returns and long-term potential, this well-positioned corner property is an ideal pick. Reach out today for income details and to schedule a private tour.
  1. Listed by Karla Ross • TREC #0621046 • Lubbock Select Realty
    P: (806)-570-8488 C: (806)-570-8488 ross-properties@hotmail.com

Amenities

  • Air Conditioning
  • Carport Parking
  • Central AC
  • Corner Lot
  • Hardwood Floors
  • Kitchenette
  • Laundry
  • Laundry in Building
LISTING UPDATED: 09/22/2025 11:58 AM

Property Details for 308 South 11th Street

StatusActive
MLS #202557098
Days on Market179
Taxes$1,760 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1945
Lot Size0.16 AC / 7,000 SF
CountyLubbock County

Location

Listing Courtesy of Lubbock Select Realty
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Building Information for 308 South 11th Street

Stories1Year Built1945Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$586 per month

30 year fixed, 6.28% Interest

Principal and Interest

$440

Property Taxes

$147

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 308 South 11th Street

Summary
Location and General Information
  • Directions: On the SW corner of Scurry & S 11th St
  • Zoning Description: Single Family
  • MLS Area Major: 10
  • Latitude: 33.43495
  • Longitude: -101.64648
  • MLS Area Minor: 10
  • Unparsed First Line Address: 308 S 11th Street
Taxes and HOA
  • Association Fee: $0
  • Tax Legal Description: ORIG T WEST PK SLATON BLK 110 L 11
School Information
  • High School: Slaton
  • Middle Or Junior School: Slaton
  • District High School: Slaton ISD
Parking
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Carport: Yes
  • Garage: No
Property
Lot Information
  • Above Grade Finished Area: 1049.0
  • Above Grade Finished Area Source: Appraiser
  • Living Area Source: Appraiser
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 7000.0
  • Lot Size Acres: 0.16
  • Building Area Total: 1049.0
  • Lot Size Area: 0.16
  • Lot Size Units: Acres
Property and Assessments
  • New Construction: No
  • Parcel Number: R118821
  • Property Type: Residential,Single Family Residence
  • Year Built: 1945
  • Property Sub Type: Single Family Residence
Interior and Exterior Features
Exterior Features
  • Basement: No
  • Property Attached: No
Interior Features
  • Fireplace: No
  • Total Bathrooms Source: MLS
  • Baths Total: 2.0
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Notational: 2.0
  • Cooling: Yes
  • Heating: Yes
  • Rooms Total: 0
Agent
Sale and Listing
  • Sold Exclusive: No
  • Listing Number: 202557098
  • Current Price: $89,000.00
  • Property Class: Residential

Property History for 308 South 11th Street

DateEvent & SourcePriceAppreciation
Sep 22, 2025

Price Change

LARMLS #202557098

$89,000—
Jun 30, 2025

Listed (Active)

LARMLS #202557098

$99,000—
DateEvent & SourcePrice
09/22/2025

Price Change

LARMLS #202557098

$89,000
06/30/2025

Listed (Active)

LARMLS #202557098

$99,000

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

Schools near 308 South 11th Street

This home is within Slaton Independent School District.
Rating
School
Type
Grades
Distance
Cathelene Thomas Elementary School
Public - 1 to 5
Slaton J High School
Public - 6 to 8
Slaton High School
Public - 9 to 12
Slaton Isd Daep
Public - 7 to 12
Rating
School
Distance
Cathelene Thomas Elementary School
Public1 to 5

Slaton J High School
Public6 to 8

Slaton High School
Public9 to 12

Slaton Isd Daep
Public7 to 12

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.

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More information about 308 South 11th Street, Slaton, TX 79364

308 South 11th Street is a single family home for sale in Slaton, TX 79364. This property was listed for sale on July 1, 2025 by Lubbock Select Realty, it's currently listed at $89,000. This listing's school district is Slaton Independent School District. Nearby schools include Cathelene Thomas Elementary School, Slaton J High School and Slaton High School. 308 South 11th Street is a 3-bed, 2-bath, 1,049 sqft single family home built in 1945.

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 Lubbock Select 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.