Turn-key duplex located just off University Ave with quick access to Texas Tech, medical centers, and local amenities. Each side offers a functional 2-bedroom, 1-bath layout with private fenced backyards, ideal for tenants seeking personal outdoor space. Dedicated off-street parking provides added convenience for both units. Currently fully leased, this property offers immediate cash flow for an investor looking for strong rental performance in a prime Lubbock location. Minutes from Texas Tech, UMC, Covenant, and major shopping corridors, this duplex sits in the heart of a high-demand rental market. Excellent opportunity to add a stable, income-producing property to your portfolio.
For sale
Price cut: $10K (9/19)
$150,000
2302 40th St, Lubbock, TX 79412
4beds
1,586sqft
Est.:
Duplex, Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$95/sqft
$-- HOA
What's special
- 82 days |
- 317 |
- 27 |
Zillow last checked: 8 hours ago
Listing updated: September 19, 2025 at 10:37am
Listed by:
Houston Garrett TREC #0740265 806-544-7343,
Keller Williams Realty
Source: LBMLS,MLS#: 202560706
Tour with a local agent
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)
- 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: 8,276.4 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
Location
- Region: Lubbock
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $132,233
- Annual tax amount: $1,764
- Date on market: 9/19/2025
- Cumulative days on market: 177 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$941/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $132,233 -8.7% |
| 2024 | $2,068 +17.2% | $144,875 +52.7% |
| 2023 | $1,764 -12.9% | $94,886 -13.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$948/mo
Principal & interest
$716
Property taxes
$179
Home insurance
$53
Climate risks
Neighborhood: Clapp Park
Nearby schools
GreatSchools rating
- 5/10Brown Elementary SchoolGrades: 2-5Distance: 0.2 mi
- 2/10Slaton Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Monterey 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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