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1501 & 1503 County Road 14, 
Lamesa, TX 79331

$380,000

4

Beds

4

Baths

2,500

Sq Ft

Multi-Family

Active

Listed by

Derek Dominguez

L3 Brokers

806-790-5772

Last updated:

May 5, 2025, 02:40 PM

MLS#

202552049

Source:

TX LAR

About This Home

1501 & 1503 County Road 14

Incredible investment opportunity! This 5-acre property, located just a quarter mile from Highway 87, features five residential units, including two brick homes and three mobile homes, along with two wells on-site. The rental income potential is strong, with current and past rents as follows: - 3BR/2BA brick home - Currently rented for $1,200/month - 1BR/1BA trailer - Last rented for $800/month - 2BR/2BA trailer - Last rented for $800/month - 3BR/2BA trailer - Last rented for $1,000/month (currently gutted and ready for remodel) - 4BR/4BA brick home - Previously owner-occupied, offering potential for rental or primary residence With two wells, multiple income-producing units, and easy access to Highway 87, this property is ideal for investors, multi-generational living, or those looking to generate passive income. Potential rental income easy surpasses the 1% rule. Don't miss this versatile and high-potential opportunity—contact me today for more details!

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1948

Price Summary

380,000

$152 per Sq. Ft.

MLS #:

202552049

Last Updated:

May 5, 2025, 02:40 PM

Added:

1 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,500 Sq. Ft.

Structure

Structure

Building Area:

2,500 Sq. Ft.

Year Built:

1948

Lot

Lot Size (Sq. Ft):

217,800

Finances & Disclosures

Finances

Price:

$380,000

Price per Sq. Ft:

$152 per Sq. Ft.

Source:TX LAR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.