For sale

$115,000

Est. $871/mo —

•

1,103

sq ft

505 E Rice St, Lubbock, TX 79403

About this home

Located at 505 E Rice St, this 3-bedroom, 2-bathroom property offers a strong value-add investment opportunity in an established Lubbock neighborhood. Featuring 1,300 square feet of functional living space, central heat and air, and washer/dryer connections, this home provides a solid, low-maintenance foundation to renovate, lease out, and add steady cash flow to your portfolio. Currently leased until 10/31/2026 at $1,125/ month.

Single-familyProperty Type

2016Year Built

5,140 sq ftLot Size

$104Price/Sq.Ft.

1 car garageParking

Listed by Avery Shaw • Keller Williams Realty

Listed by Cole Whisenhunt • Keller Williams Realty

Listing updated: Jul 24, 2026 at 02:56pm

Redfin checked: a few seconds ago

•Source:LARMLS #202610289

Payment calculator

$871 per month

Principal and interest$604

Property taxes

$192

HOA dues

Home insurance

$75

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 10AM TO 12PM
$965,000
3 beds3.5 baths3,514 sq ft
4507 19th St #2, Lubbock, TX 79407
OPEN SAT, 11AM TO 1PM
$190,000
3 beds2 baths1,824 sq ft
4314 39th St, Lubbock, TX 79413
OPEN SAT, 12PM TO 2PM
$259,000
4 beds2 baths1,703 sq ft
6931 10th St, Lubbock, TX 79416
OPEN SAT, 12PM TO 2PM
$335,000
3 beds2 baths2,037 sq ft
7014 18th Pl, Lubbock, TX 79416
OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$312,500
3 beds2.5 baths1,919 sq ft
1106 N Granby Ave, Lubbock, TX 79416
OPEN SUN, 1PM TO 3PM
$1,050,000
4 beds4.5 baths3,847 sq ft
4617 10th St, Lubbock, TX 79416
OPEN SUN, 1PM TO 3PM
$450,000
4 beds2 baths2,656 sq ft
3913 100th St, Lubbock, TX 79423
OPEN SUN, 2PM TO 4PM
$615,000
4 beds3 baths2,457 sq ft
7605 54th St, Lubbock, TX 79407
OPEN SUN, 2PM TO 4PM
$172,500
3 beds2 baths1,302 sq ft
5537 17th Pl, Lubbock, TX 79416
OPEN SUN, 2PM TO 4PM
$295,000
3 beds2 baths2,465 sq ft
5720 70th Pl, Lubbock, TX 79424

Around this home

Schools

K - 12
Preschool & daycare

Carmona-Harrison Elementary School

Public PreK-5 • Assigned • 2.0mi

4/10

Cavazos Middle School

Public 6-8 • Assigned • 2.5mi

5/10

Estacado High School

Public 9-12 • Assigned • 0.9mi

2/10

Provided by GreatSchools

About

Clayton-Carter

Clayton-Carter, located between Avenue Q and I-27, is a historic and residential Lubbock neighborhood with a grid of mature streets and a close-in, campus-adjacent feel. The neighborhood’s character concentrates around the Avenue Q and 19th Street corridor, where local taquerias, repair shops, and small storefronts set a working-day rhythm. Early- to mid-century cottages and modest brick homes sit alongside a few small apartment buildings, giving the blocks a practical, lived-in texture. Street trees and pocket lawns soften the wide West Texas sky. For culture and community touchstones, the Buddy Holly Center, Cactus Theater, and Two Docs Brewing Co. connect the area to Lubbock’s music-and-maker streak. Parks and downtown venues sit a short drive away, keeping daily routines tied to the city’s core.

Provided by Walk Score and Local Logic

Market insights

505 E Rice St · $115,000

DAYS ON MARKET

The average home goes pending in 45 days.

LIST PRICE

Median list price in this area is $244,601. (113% higher than this home)

PRICE DROP

23% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Bathroom

Bedroom

Dining

Interior features
Ceiling fans
Pantry

Bedrooms
7 total rooms

Bathrooms
2 full bathrooms

Kitchen
Cooktop
Oven
Pantry

Laundry & utility
Laundry area in kitchen

Flooring
Carpet
Vinyl

Heating & cooling
Central heating (natural gas)
Central air conditioning
Ceiling fans
Electric cooling

Sale and tax history for 505 E Rice St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$2,284 (−0.9%)

$12,500 + $116,588

$129,088

2025

$2,304 (−7.4%)

$12,375 + $117,854

$130,229

2024

$2,488 (−3.0%)

$12,375 + $124,662

$137,037

2023

$2,565 (−6.6%)

$800 + $137,187

$137,987

2022

$2,746 (+54.3%)

$800 + $134,860

$135,660

2021

$1,779 (−1.7%)

$800 + $82,856

$83,656

2020

$1,810 (+21.6%)

$800 + $83,710

$84,510

2019

$1,488 (−4.1%)

$800 + $67,651

$68,451

2018

$1,552 (−0.1%)

$800 + $68,335

$69,135

2017

$1,554 (+5,655.8%)

$800 + $68,335

$69,135

2016

$27

$800 + $68,335

$69,135

2015

$27 (+3.8%)

$1,200

2014

$26

$1,200

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

40 ft.

Lot depth

128 ft.

Lot size

5,120 Sq. Ft.

Year renovated

2016

Finished Sq. Ft.

1,103

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,103

Year built

2016

Style

Single Family Residential

County

Lubbock County

APN

R116223

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

SF-2

Low Density Single-Family District

The purpose of this zoning district and subdivision type is to provide for: Conventional: Smaller to moderately-sized lots for dwellings on public utilities. Any open space is located on private lots; Cluster: Clustering of smaller-sized lots for dwellings with an increased percentage of common open space compared to cluster developments in the SF-1 district to maintain the intended character of the district while providing for buffering between lower and higher density adjacent neighborhoods, as well as for recreational amenities and resource protection.

Permitted uses

Include but are not limited to:

Religious facility
Infrastructure
Water cleansing
Storage
And conveyance
Fire house
Police station
Recreation
Park & open space

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 100° expected this year, 21 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Lubbock, TX • 79403

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

88/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.9 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 505 E Rice St

There isn’t enough information to generate an accurate estimate at this time. Learn More

Rental earnings

Est. $1,048 per month, based on comparable rentals

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NEW CONSTRUCTION

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Details provided by LARMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 505 E Rice St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 505 E Rice St

Early Access listings

Nearby similar homes

New listings for sale in 79403

More real estate resources