For sale

$200,000

2014 40th St, Lubbock, TX 79412

5beds

2,462sqft

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Single Family Residence, Residential

Built in 1953

7,840 Square Feet Lot

$193,500 Zestimate^®

$81/sqft

$-- HOA

What's special

New fixturesFresh interior paintGranite countertopsCustom cabinetry

Two Homes, One Property — Turnkey Investment or Multi-Gen Living! -This unique property delivers exceptional value with a fully renovated 3-bed/1-bath main home (1,912 sq ft) currently leased month-to-month at $1,100/month. Thoughtfully updated top to bottom, the main house features fresh interior paint, new fixtures, custom cabinetry, granite countertops, and a stunning new bathroom with a double vanity. Major systems are fairly new— HVAC, windows, and the roof give you peace of mind for years to come. -It doesn't stop there! — a fully registered, separately metered 2-bed/1-bath guest house in good shape (550 sq ft)! Guest house rented for $700/month on a Month-to-month lease, and has a dedicated outbuilding with washer/dryer hookups and additional storage. -Whether you're an investor looking for a solid multi-unit property or a buyer who wants space for family, this property checks every box. Schedule your private tour today.

26 days

725

72

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Natural Gas

Cooling

Central Air, Electric, Wall/Window Unit(s)

Appliances

Included: Disposal
Laundry: Laundry Room, Outside

Features

Ceiling Fan(s), Granite Counters, Walk-In Closet(s)
Windows: Double Pane Windows, Window Coverings
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,462
Total interior livable area: 2,462 sqft
Finished area above ground: 2,462

Property

Parking

Parking features: Off Street, On Street, Other
Has uncovered spaces: Yes

Features

Patio & porch: Covered, Patio
Exterior features: None
Fencing: Fenced

Lot

Size: 7,840 Square Feet

Details

Additional structures: See Remarks
Parcel number: R118131
Special conditions: Standard
Other equipment: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence, Residential

Materials

Other
Foundation: Pillar/Post/Pier, Slab
Roof: Composition

Condition

Updated/Remodeled
New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: None

HOA

Has HOA: No

Location

Region: Lubbock

Financial & listing details

Price per square foot: $81/sqft
Tax assessed value: $170,734
Annual tax amount: $2,927
Date on market: 6/2/2026
Cumulative days on market: 26 days
Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

$193,500

$184,000 - $203,000

$1,277/mo

Price history

Date	Event	Price
6/2/2026	Listed for sale	$200,000+3.9%$81/sqft
Source: LBMLS #202607431 Report a problem
10/22/2025	Listing removed	$1,275$1/sqft
Source: Zillow Rentals Report a problem
8/20/2025	Listing removed	$192,500$78/sqft
Source: LBMLS #202554547 Report a problem
8/20/2025	Listed for rent	$1,275$1/sqft
Source: Zillow Rentals Report a problem
8/19/2025	Listing removed	$1,275$1/sqft
Source: Zillow Rentals Report a problem
8/18/2025	Price change	$1,275-1.9%$1/sqft
Source: Zillow Rentals Report a problem
8/4/2025	Price change	$1,300-7.1%$1/sqft
Source: Zillow Rentals Report a problem
6/23/2025	Price change	$192,500+4.1%$78/sqft
Source: LBMLS #202554547 Report a problem
5/12/2025	Price change	$184,9000%$75/sqft
Source: LBMLS #202554547 Report a problem
4/28/2025	Listed for sale	$184,990$75/sqft
Source: LBMLS #202417373 Report a problem
4/18/2025	Pending sale	$184,990$75/sqft
Source: LBMLS #202417373 Report a problem
2/26/2025	Listed for rent	$1,400$1/sqft
Source: Zillow Rentals Report a problem
2/7/2025	Price change	$184,990-7.5%$75/sqft
Source: LBMLS #202417373 Report a problem
2/4/2025	Price change	$199,990-2.4%$81/sqft
Source: LBMLS #202417373 Report a problem
1/2/2025	Listed for sale	$205,000$83/sqft
Source: LBMLS #202417373 Report a problem
1/9/2009	Sold	--
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,021 -5.5%	$170,734 -3%
2024	$3,196 +1.2%	$175,991 +3.6%
2023	$3,156 +10.7%	$169,808 +20.5%
2022	$2,852 +37.5%	$140,888 +27.1%
2021	$2,074 +8.3%	$110,852 +7.7%
2020	$1,916 +2.1%	$102,886 +3.2%
2019	$1,877 +12.2%	$99,699 +2.8%
2018	$1,673	$96,966 +6.6%
2017	$1,673 +9.9%	$90,935 +13.5%
2016	$1,523	$80,137 +10%
2015	$1,523	$72,852 -5.2%
2014	$1,523	$76,810
2013	--	$76,810
2012	--	$76,810
2011	--	$76,810
2010	--	$76,810 +5.4%
2009	--	$72,852
2008	--	$72,852 +3.9%
2007	--	$70,096 +6.7%
2006	--	$65,721 +8.7%
2005	--	$60,486 +10%
2004	--	$54,987 +2%
2003	--	$53,931 +7.3%
2002	$985 +13%	$50,252 +6.8%
2001	$872 +13.8%	$47,069
2000	$766	$47,069

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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