2506 40th Street, Lubbock, TX 79413

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
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2506 40th Street,Lubbock, TX 79413
$140,000
  • 3 Beds
  • 2 Baths
  • 1,041 sq. ft.
  • Multi-family
  • Active
Listed by:justin waddell
Office:wise cardinal realty
MLS#:202559596
Source:TX_LAR

Price summary

  • Price:$140,000
  • Price per sq. ft.:$134.49

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

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Home facts

  • Year built:1950
  • Listing Id #:202559596
  • Added:1 day(s) ago
  • Updated:August 26, 2025 at 06:54 PM

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:$140,000
  • Price per sq. ft.:$134.49
  • Tax amount:$1,667
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