c.1958 Texas Ranch Style Home For Sale $40K

*Investor special!* Even better, it can be purchased individually or as part of a package deal with two additional properties (2417 E 29th St & 5425 Ave B) at a discounted price. Conveniently located in Lubbock, this property is ideal for investors seeking flexibility, upside, and the advantage of bundled pricing.

• 3bed
• 1bath
• 915sqft
• 6,534sqft lot
• Circa 1958

More Texas Properties

Pros

• Affordable cost of living: Housing, utilities, and everyday expenses are generally lower than many Texas metros, so your money often goes further.
• Stable economy with diverse employers: Strong presence of healthcare (e.g., Covenant Health, UMC), education (Texas Tech University), agriculture, manufacturing, and growing tech and service sectors provide varied job opportunities.
• Texas Tech University: A major cultural and economic anchor—offers college sports, arts, lectures, research jobs, and community events that enrich local life.
• Medical and healthcare access: Regional medical centers and specialty services are available locally, reducing the need to travel for many kinds of care.
• Relatively short commutes and manageable traffic: Lubbock’s size keeps average commute times lower than larger metro areas.
• Sunny climate and outdoor activities: Lots of sunny days for outdoor recreation, parks, golf courses, lakes nearby, and easy access to West Texas landscapes.
• Strong community and cultural scene: Growing arts district, music venues, museums (e.g., Buddy Holly Center), festivals, and a lively college-town vibe for dining and entertainment.
• Sports and college atmosphere: College football and other Texas Tech athletics create spirited community events and local pride.
• Lower property taxes than some Texas areas (varies by location): Depending on school and municipal districts, taxes can be competitive compared with other parts of Texas.
• Growing food and craft scene: Increasing number of local restaurants, breweries, and coffee shops, especially downtown and near the university.

Cons

• Hot, dry summers: Very high temperatures in summer with intense sun and low humidity—can be uncomfortable and increase cooling costs.
• Wind and dust: Lubbock is known for strong winds and occasional dust storms; wind can affect outdoor comfort and property maintenance.
• Tornado and severe-storm risk: Located in the Southern Plains, Lubbock faces occasional severe thunderstorms, hail, and tornado risk—storm preparedness is important.
• Limited public transit: Public transportation exists (Citibus), but many residents rely on cars; transit options are limited compared with larger cities.
• Air quality concerns: Dust and agricultural/industrial activity can sometimes affect air quality, particularly on windy days.
• Economic vulnerability to agriculture cycles: Local economy has ties to farming and commodity prices, which can introduce regional variability.
• Summers can feel long and oppressive: Extended high-heat periods may reduce outdoor activity in peak months.
• Sprawl and limited walkability in parts of town: Many neighborhoods are car-dependent; walkable, mixed-use districts are concentrated around downtown and the university.
• Limited direct flights: Lubbock Preston Smith International Airport offers regional flights; for more flight options you may need to connect through larger hubs.
• Some neighborhoods show aging infrastructure: Certain areas may have older housing stock or infrastructure needing maintenance or investment—neighborhood quality varies.

Neighborhood and lifestyle notes

• Downtown and the Depot District offer the most walkable, nightlife, and cultural amenities.
• Areas near Texas Tech and surrounding neighborhoods are popular with students, faculty, and young professionals.
• Suburban neighborhoods (e.g., southwest and northwest Lubbock) offer family-oriented housing, new construction, and shopping centers.
• Outlying rural areas provide larger lots, quieter living, and easy access to open West Texas country.