1501 & 1503 County Road 14, Lamesa, TX 79331

$380,000

bedrooms

bathrooms

square feet

2,500

Acreage

5.0

Open Houses

year built

1948

Full Baths

Half Baths

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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!

Location
Subdivision	-
County	Dawson
Elementary School	-
Middle School	Lamesa
High School	Lamesa

Driving directions

Open houses

None scheduled.

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MLS number: 202552049

Listing agent: Derek Dominguez

Listing broker: Lubbock Lots And Land Llc (806) 790-5772

Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, April 2 2025 at 2:56 p.m. EDT

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