2506 40th Street, Lubbock, TX 79413

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
2506 40th Street,Lubbock, TX 79413
$137,000
  • 3 Beds
  • 2 Baths
  • 1,041 sq. ft.
  • Multi-family
  • Pending
Listed by:justin waddell
Office:wise cardinal realty
MLS#:202559596
Source:TX_LAR

Price summary

  • Price:$137,000
  • Price per sq. ft.:$131.6

About this home

Welcome to 2506 40th Street, a versatile income-producing property in the heart of Lubbock! This gem features a 2 bed / 1 bath main house PLUS an efficiency apartment on the west side, giving you two rentable units on one lot.  Steady Cash Flow Locked In - Both units are leased through July 2026, with the main house bringing in $1,000/mo and the efficiency unit at $500/mo. That's $1,500/month guaranteed income from day one!  Shared Backyard Space - Tenants enjoy a private, fenced backyard perfect for pets, BBQs, and downtime.  Central Location - Quick access to Texas Tech, hospitals, and all the shopping/dining Lubbock has to offer, making this a high-demand rental year after year.  Whether you're looking to expand your portfolio or snag your first investment property, this one checks every box: Dual income streams Leases in place until mid-2026 Prime central Lubbock location  Don't wait — properties like this move fast. Schedule your showing today and lock in your next

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing ID #:202559596
  • Added:50 day(s) ago
  • Updated:October 15, 2025 at 07:27 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,041 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:1,041 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$137,000
  • Price per sq. ft.:$131.6
  • Tax amount:$1,667
The information being provided by Port Neches, Port Arthur & Nederland Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Port Neches, Port Arthur & Nederland Board of Realtors. Southern Homes is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Southern Homes, a broker participant of Port Neches, Port Arthur & Nederland Board of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Port Neches, Port Arthur & Nederland Board of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 Port Neches, Port Arthur & Nederland Board of Realtors. All rights reserved.

New listings near 2506 40th Street