For sale

$150,000

2304 40th St, Lubbock, TX 79412

4beds

1,586sqft

$1,153/mo

Get pre-qualified

Duplex, Multi Family

Built in 1976

-- sqft lot

$-- Zestimate^®

$95/sqft

$-- HOA

What's special

Green spaceConvenient front parking

Excellent investment opportunity just minutes from Texas Tech University, UMC, and Covenant. This well-located duplex features two spacious 2-bedroom, 1-bath units, both currently leased, making it a great turn-key income property. Each unit offers its own private backyard, and convenient front parking provides easy access for tenants. Situated directly across from a neighborhood park, the property offers green space while still being close to major Lubbock destinations. With strong rental potential and great proximity to the university and medical districts, this property is ideal for investors looking to grow their portfolio.

33 days

242

22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Features

Flooring: Tile

Interior area

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

Property

Parking

Total spaces: 2
Parking features: Carport
Carport spaces: 2

Features

Fencing: Fenced

Lot

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

Details

Parcel number: R30245

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: 1976

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: None

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: 7/15/2026
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

$1,016/mo

Price history

Date	Event	Price
7/15/2026	Listed for sale	$150,000$95/sqft
Source: LBMLS #202609688 Report a problem
1/5/2026	Listing removed	$150,000$95/sqft
Source: LBMLS #202560707 Report a problem
9/19/2025	Price change	$150,000-6.3%$95/sqft
Source: LBMLS #202560707 Report a problem
7/22/2025	Price change	$160,000-3%$101/sqft
Source: LBMLS #202556391 Report a problem
6/16/2025	Listed for sale	$165,000+83.5%$104/sqft
Source: LBMLS #202556391 Report a problem
7/1/2015	Listing removed	$89,900$57/sqft
Source: Exit Realty of Lubbock #201504298 Report a problem
6/23/2015	Listed for sale	$89,900$57/sqft
Source: Exit Realty of Lubbock #201504298 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,340 -5.5%	$132,233 -3%
2024	$2,477 +53.5%	$136,383 +57.1%
2023	$1,614 -20.2%	$86,802 -13.1%
2022	$2,021 +31.1%	$99,857 +30.3%
2021	$1,542	$76,641 +16.7%
2020	--	$65,700 -22%
2019	$1,631 +18.2%	$84,248
2018	$1,380	$84,248 +37.2%
2017	$1,380 +6.5%	$61,397
2016	$1,296	$61,397 +5.3%
2014	$1,296	$58,281
2013	--	$58,281
2012	--	$58,281
2011	--	$58,281
2010	--	$58,281
2009	--	$58,281
2008	--	$58,281 -14.1%
2007	--	$67,830 +8.9%
2006	--	$62,289 +15.4%
2005	--	$53,994
2004	--	$53,994 +3.5%
2003	--	$52,177 -5%
2002	$1,361 +25.2%	$54,908 +24.9%
2001	$1,088 +0.7%	$43,946
2000	$1,080	$43,946