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.
For sale
$150,000
2302 40th St, Lubbock, TX 79412
4beds
1,586sqft
:
Get pre-qualified$1,153/mo
Duplex, Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$95/sqft
$-- HOA
What's special
Private fenced backyardDedicated off-street parking
- 41 days |
- 173 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Houston Garrett TREC #0740265 806-544-7343,
Keller Williams Realty
Source: LBMLS,MLS#: 202609061
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: 42 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
$954/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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Clapp Park
Nearby schools
GreatSchools rating
- NABrown Elementary SchoolGrades: 4-5Distance: 0.2 mi
- 2/10Slaton Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Monterey High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Brown
- Middle: Slaton
- High: Monterey
Source: LBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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