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!
For sale
$380,000
1501 & 1503 County Road 14, Lamesa, TX 79331
4beds
2,500sqft
Est.:
Package Property, Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$152/sqft
$-- HOA
What's special
- 36 days
- on Zillow |
- 142 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 11:43am
Listed by:
Derek Dominguez TREC #0824598 806-494-8700,
L3 Brokers
Source: LBMLS,MLS#: 202552049

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric, Fireplace(s), Space Heater
Cooling
- Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
Appliances
- Included: Exhaust Fan, Gas Cooktop, Microwave, Washer/Dryer
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Hardwood, Laminate, Tile
- Windows: Screens
- Has basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
- Finished area above ground: 2,500
Property
Parking
- Total spaces: 1
- Parking features: Carport, Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Exterior features: Private Entrance
- Fencing: Wrought Iron
Lot
- Size: 5 Acres
Details
- Additional structures: Mobile Home
- Parcel number: 7205
- Other equipment: TV Antenna
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Package Property, Multi Family
Materials
- Brick, Metal Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Lamesa
Financial & listing details
- Price per square foot: $152/sqft
- Annual tax amount: $10,178
- Date on market: 3/21/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Dirt
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