2506 40th Street
Lubbock, TX 79413
$125,000
Immediate cash flow opportunity now on market. 2 unit residential income property with tenants in place through summer 2026. Main unit is a 2 bedroom 1 bathroom home, and efficiency unit is a 1 bedroom, 1 bathroom. Total rent is $1,600 according to current lease agreements.
| MLS #: | 202609491 |
|---|---|
| List Price: | $125,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Multi Family |
| Property Status: | Active |
| Bedrooms: | 3 |
| Full Baths: | 2 |
| Taxes: | $510 |
| Lot Size: | 7,950.0 |
| Acres: | 0.18 |
| Waterfront?: | No |
| Town: | Lubbock |
| County: | Lubbock |
| ZIP: | 79413 |
| Year Built: | 1950 |
| Status: | Active |
| Parcel Number: | R125837 |
| Cooling: | Ceiling Fan(s), Other |
| Lot Size Units: | Acres |
| Security Features: | None |
| Heating?: | Yes |
| Bathrooms Total Integer: | 2 |
| Cooling?: | Yes |
| State Or Province: | TX |
| Listing Terms: | Cash, Conventional |
| Building Area Total: | 1,041.0 |
| Listing Contract Date: | 2026-07-11 |
| Lot Size Area: | 0.18 |
| Parking Features: | Driveway, On Street |
| Heating: | Other |
| Water Source: | Public |
| Bathrooms Total Decimal: | 2.0 |
| Sewer: | Public Sewer |
| Roof: | Composition |
| Construction Materials: | Vinyl Siding |
| Directions: | GPS will take you to the property |
| Road Surface Type: | All Weather |
| Utilities: | Electricity Connected, Sewer Connected |
| Approval Status: | Yes |
| Basement Yn: | No |
| Above Grade Finished Area: | 1,041.0 |
| MLS Area Major: | 3 |
| MLS Area Minor: | 3 |
| Co List Office Key: | 20241212154222073397000000 |
| List Agent Key: | 20241212161703638908000000 |
| Co List Agent Key: | 20250703183511735164000000 |
| Location Tax And Legal Subzone2: | 309 |
| General Property Information Number Of Units Total2: | 2 |
| General Property Information Accessibility Features Yn2: | No |
| High School District: | Lubbock ISD |
| Unit Details Number Of Units Leased: | 2 |
| Unit One Unit Number3: | A |
| Unit One Unit Sq Ft: | 777 |
| Unit One Beds Total: | 2 |
| Unit One Baths Total: | 1 |
| Unit One Actual Rent: | $1,000.00 |
| Unit Two Unit Number4: | B |
| Unit Two Unit Sq Ft2: | 264 |
| Unit Two Beds Total2: | 1 |
| Unit Two Baths Total2: | 1 |
| Tenant Pays: | Gas, Water, Internet |
| Road Frontage Type: | City Street |
| Gross Income: | $18,000 |
| Above Grade Finished Area Source: | Public Records |
| Lot Size Source: | Public Records |
| Original List Price: | $137,000 |
| Title Company Information Title Company: | American Land Title |
| Title Company Information Title Company Address: | 4601 66th St. Ste B Lubbock, TX 79414 |
| Title Company Information Title Company Fax: | None Available |
| Title Company Information Title Company Phone: | (806) 344-8470 |
| Living Area Source: | Public Records |
| Bathrooms Half: | 0 |
| Flooring: | Vinyl |
| Living Area: | 1,041 |
| Number Of Units Total: | 2 |
| Status Change Information Price Change Timestamp: | 2026-09-04T14:43:34-05:00 |
| General Property Information Year Built Source: | Public Records |
| Contract Information Original Entry Timestamp: | 2026-07-11T17:46:45-05:00 |
| PIDPUD: | None |
| Showing Considerations: | Occupied |
| Lease Term Options: | 12 Months |
Listing Courtesy of: Brick & Loft Realty
Listing Agent: Mike Hagler
806-329-8806
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All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
© 2026 Lubbock Association of REALTORS®.
Lubbock Association of REALTORS® data last updated on October 08, 2026 04:25 PM - CT.
Property Last Updated: October 08, 2026 04:25 PM - CT
