For sale

$150,000

2302 40th St, Lubbock, TX 79412

4beds

1,586sqft

$1,205/mo

Get pre-qualified

Duplex, Multi Family

Built in 1975

-- sqft lot

$-- Zestimate^®

$95/sqft

$-- HOA

What's special

Private fenced backyardDedicated off-street parking

Excellent opportunity just off University Avenue for investors seeking a fully leased duplex in Lubbock's high-demand rental market. Both Unit A and Unit B are leased at $749 per month, providing immediate rental income from day one. Each side features a functional 2-bedroom, 1-bath layout with its own private fenced backyard and dedicated off-street parking. Conveniently located just minutes from Texas Tech, UMC, Covenant, shopping, dining, and major employment centers, this property offers stable cash flow and a prime location with strong long-term investment potential.

87 days
159
15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Electric Oven

Features

Ceiling Fan(s), Storage
Flooring: Vinyl

Interior area

Total structure area: 1,586
Total interior livable area: 1,586 sqft
Finished area above ground: 1,586

Property

Parking

Parking features: Concrete

Features

Fencing: Fenced

Lot

Size: 8,276 Square Feet
Features: Back Yard, City Lot, Landscaped

Details

Parcel number: R30270

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Brick
Foundation: Slab
Roof: Composition

Condition

Updated/Remodeled
New construction: No
Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Community & HOA

Community

Security: Smoke Detector(s)

Location

Region: Lubbock

Financial & listing details

Price per square foot: $95/sqft
Tax assessed value: $132,233
Annual tax amount: $2,340
Date on market: 7/2/2026
Cumulative days on market: 88 days
Listing terms: Cash,Conventional,FHA,VA Loan
Tenant pays: All Utilities
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$970/mo

Price history

Date	Event	Price
7/2/2026	Listed for sale	$150,000$95/sqft
Source: LBMLS #202609061 Report a problem
1/5/2026	Listing removed	$150,000$95/sqft
Source: LBMLS #202560706 Report a problem
9/19/2025	Price change	$150,000-6.3%$95/sqft
Source: LBMLS #202560706 Report a problem
7/22/2025	Price change	$160,000-3%$101/sqft
Source: LBMLS #202556392 Report a problem
6/16/2025	Listed for sale	$165,000$104/sqft
Source: LBMLS #202556392 Report a problem
3/9/2016	Sold	--
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,340 +13.2%	$132,233 -8.7%
2024	$2,068 +17.2%	$144,875 +52.7%
2023	$1,764 -12.9%	$94,886 -13.1%
2022	$2,024 +20.2%	$109,209 +26.8%
2021	$1,685 +6.7%	$86,101 +11.5%
2020	$1,579 -5.9%	$77,190
2019	$1,678 +5.1%	$77,190 -21%
2018	$1,598	$97,732 +37.5%
2017	$1,598 +4.3%	$71,073 +2.8%
2016	$1,532	$69,138 +0.4%
2014	$1,532	$68,883
2013	--	$68,883
2012	--	$68,883
2011	--	$68,883
2010	--	$68,883
2009	--	$68,883
2008	--	$68,883 +5.8%
2007	--	$65,106 +8.9%
2006	--	$59,798 +26.1%
2005	--	$47,434
2004	--	$47,434 +9.9%
2003	--	$43,153 +6.5%
2002	$1,005 -7.6%	$40,521 -7.8%
2001	$1,088 +0.7%	$43,946
2000	$1,080	$43,946