Exceptional Investment Opportunity featuring a newly constructed 4 unit Townhome building in one of West Lubbock's fastest-growing areas. Ideally located within walking distance of Frenship Memorial High School and just minutes from Canyon West Shopping Center, residents will enjoy convenient access to shopping, dining, and entertainment. Designed for long-term, low maintenance ownership, these Class A Townhomes offer attractive curb appeal and beautiful interior finishes that appeal to today's tenants. With Quality construction, modern design, and a highly desirable location, this property is well-positioned to generate strong rental demand and long-term appreciation. Whether you're looking to expand your portfolio or invest in a turnkey multifamily asset, this is an outstanding opportunity in a thriving West Lubbock market!
New construction
$796,000
7029 40th St, Lubbock, TX 79407
12beds
5,300sqft
Quadruplex, Multi Family
Built in 2026
-- sqft lot
$776,900 Zestimate®
$150/sqft
$-- HOA
What's special
Modern designAttractive curb appealBeautiful interior finishes
- 70 days
- 195
- 16
Zillow last checked:
Listing updated:
Listed by:
Melissa Brouillette TREC #0611734 806-441-2221,
Aycock Realty Group, LLC
Source: LBMLS,MLS#: 202609263
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Electric Cooktop, Microwave
- Laundry: Laundry Room
Features
- Bar, Ceiling Fan(s), Granite Counters, Walk-In Closet(s)
- Flooring: Laminate
- Windows: Double Pane Windows
Interior area
- Total structure area: 5,300
- Total interior livable area: 5,300 sqft
- Finished area above ground: 5,300
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Exterior features: Lighting, Private Yard
- Fencing: Back Yard,Wood
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: R348253
- Zoning description: Town Home
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $21,000
- Annual tax amount: $1,728
- Date on market: 7/8/2026
- Cumulative days on market: 71 days
- Listing terms: Cash,Conventional,FHA
- Electric utility on property: Yes
- Road surface type: All Weather
Estimated market value
$776,900
$738,000 - $816,000
$1,450/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $796,000$150/sqft |
Source:  LBMLS #202609263 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $432 -30.2% | $21,000 -30% |
| 2024 | $619 | $30,000 |
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: 79407
Nearby schools
Schools provided by the listing agent
- Elementary: Westwind
- Middle: Heritage
- High: Memorial
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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