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For sale
  • $150,000

    2507 40th St, Lubbock, TX 79413

    3beds
    1,446sqft
    : 
    $1,133/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1950
    7,405 Square Feet Lot
    $144,600 Zestimate®
    $104/sqft
    $-- HOA

    What's special

    Detached bonus buildingLarge backyardStainless steel appliancesSpacious bedroomsPractical floor planGenerously sized living spacesComfortable carpeted bedrooms
    Whether you're looking to expand your rental portfolio or purchase your next income-producing property, this charming home offers excellent potential in an established Lubbock neighborhood. With a functional layout, spacious bedrooms, and a detached bonus building, the possibilities are endless for investors seeking strong rental appeal. Inside, you'll find a practical floor plan with generously sized living spaces, durable flooring in the main areas, and comfortable carpeted bedrooms. The kitchen offers abundant cabinet storage, ample counter space, and stainless steel appliances, while the adjacent laundry room adds everyday convenience. The primary bedroom is spacious and features its own private ensuite bath, providing added comfort for future tenants. Outside, the large backyard is a standout feature with an expansive wood deck perfect for outdoor entertaining, relaxing, or grilling. The detached outbuilding provides valuable flexibility and could serve as a workshop, storage space, hobby room, or additional workspace (buyer to verify permitted uses). Mature trees offer shade and privacy, while the oversized lot provides plenty of room to enjoy. Conveniently located near Texas Tech University, the Medical District, shopping, dining, parks, and major thoroughfares, this property is well-positioned for long-term rental demand or future value-add improvements. Whether you're looking for a property to hold as a rental, renovate for increased equity, or add to your investment portfolio, this is an opportunity you won't want to miss. Schedule your private showing today!
    38 days
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    203
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    21
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    Zillow last checked:

    Listing updated:

    Listed by:

    Brandon Tyler TREC #0542831 806-239-0962,

    Progressive Properties

    Source: LBMLS,MLS#: 202609329MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Natural Gas
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Gas Cooktop, Gas Oven
      • Laundry: In Kitchen, Inside
      Features
      • Ceiling Fan(s), Formica Counters
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 1,446
      • Total interior livable area: 1,446 sqft
      • Finished area above ground: 1,446

      Property

      Parking
      • Parking features: On Street, Other
      • Has uncovered spaces: Yes
      Features
      • Exterior features: Storage
      Lot
      • Size: 7,405 Square Feet
      Details
      • Additional structures: Shed(s), Storage
      • Parcel number: R78737

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence, Residential
      Materials
      • Vinyl Siding
      • Foundation: Slab
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1950

      Community & HOA

      Community
      • Security: None
      Location
      • Region: Lubbock

      Financial & listing details

      • Price per square foot: $104/sqft
      • Tax assessed value: $136,356
      • Annual tax amount: $2,012
      • Date on market: 7/8/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Paved

        Estimated market value

        $144,600

        $137,000 - $152,000

        $1,421/mo

        Price history

        DateEventPrice
        7/8/2026Listed for sale$150,000+3.4%$104/sqft
        Source: LBMLS #202609329 Report a problem
        8/4/2025Listing removed$145,000$100/sqft
        Source: LBMLS #202554136 Report a problem
        6/12/2025Price change$145,000-3.3%$100/sqft
        Source: LBMLS #202554136 Report a problem
        5/5/2025Listed for sale$150,000+25%$104/sqft
        Source: LBMLS #202554136 Report a problem
        2/12/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        1/12/2022Price change$500-33.3%
        Source: Zillow Rental Manager Report a problem
        12/22/2021Price change$750-62.5%$1/sqft
        Source: Zillow Rental Manager Report a problem
        12/19/2021Listed for rent$2,000+100%$1/sqft
        Source: Zillow Rental Manager Report a problem
        5/17/2021Sold--
        Source: Agent Provided Report a problem
        4/26/2019Listing removed$1,000$1/sqft
        Source: Progressive Properties #201902042 Report a problem
        3/5/2019Listed for rent$1,000-20%$1/sqft
        Source: Progressive Properties Report a problem
        11/6/2018Listing removed$1,250$1/sqft
        Source: Progressive Properties #201806102 Report a problem
        9/18/2018Price change$1,250-3.8%$1/sqft
        Source: Progressive Properties #201806102 Report a problem
        8/24/2018Price change$1,300-7.1%$1/sqft
        Source: Progressive Properties #201806102 Report a problem
        7/11/2018Listed for rent$1,400$1/sqft
        Source: Progressive Properties #201806102 Report a problem
        9/28/2017Sold--
        Source: Agent Provided Report a problem
        8/25/2017Listed for sale$120,000$83/sqft
        Source: Progressive Properties #201706618 Report a problem
        6/1/2017Listing removed$1,400$1/sqft
        Source: Zillow Rental Manager Report a problem
        5/17/2017Price change$1,400-6.7%$1/sqft
        Source: Zillow Rental Manager Report a problem
        3/6/2017Listed for rent$1,500$1/sqft
        Source: Owner Report a problem
        10/26/2007Sold--
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,012 -21.3%$136,356 -3.1%
        2024$2,556 -2.7%$140,770 -0.4%
        2023$2,627 +11.1%$141,315 +21%
        2022$2,365 +20.5%$116,816 +26.6%
        2021$1,963 -1%$92,271 -0.3%
        2020$1,982 +1.6%$92,564 +3.1%
        2019$1,952 +25.7%$89,750 +4%
        2018$1,552 $86,333 +4.3%
        2017$1,552 +9.8%$82,800 +10%
        2016$1,414 $75,254 +5%
        2015$1,414 $71,681 -0.3%
        2014$1,414 $71,909 -0.3%
        2013-- $72,137 -0.3%
        2012-- $72,365
        2011-- $72,365 -0.3%
        2010-- $72,593 +15.4%
        2009-- $62,895 +5.2%
        2008-- $59,797 -3.9%
        2007-- $62,201 +49%
        2006-- $41,748 -2.8%
        2005-- $42,940 +4%
        2004-- $41,270 +24.8%
        2003-- $33,056 +2%
        2002$803 +20.7%$32,397 +20.5%
        2001$666 +0.7%$26,887
        2000$661 $26,887
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Wheelock & Monterey

        Getting around

        54 / 100
        Somewhat Walkable
        26 / 100
        Some Transit
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wheelock
        • Middle: Mackenzie
        • 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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