About This Home

This 4-bedroom, 2-bathroom multi-family at 2302 40th Street in Lubbock, TX is listed for $150,000 ($95 per sqft). Built in 1975, the home offers 1,586 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1975
  • 0.19 acre lot

Property Details

2 full
1975

Amenities

A/C
Listing Description

Excellent opportunity just off University Avenue for investors seeking a fully leased duplex in Lubbock's high-demand rental market. Both Unit A and Unit B are leased at $749 per month, providing immediate rental income from day one. Each side features a functional 2-bedroom, 1-bath layout with its own private fenced backyard and dedicated off-street parking.

Conveniently located just minutes from Texas Tech, UMC, Covenant, shopping, dining, and major employment centers, this property offers stable cash flow and a prime location with strong long-term investment potential.

Monthly Cost Estimate

$802/mo

20% down · 6.5% · 30 years

Principal$108
Interest$650
Insurance$44

Estimates only. Actual payments may vary.

Location

2302 40th Street

Lubbock, TX 79412

Features & Amenities

Interior Features

Ceiling Fan(s)Storage

Property Details

Flooring

Vinyl

Construction

Brick

Heating

Central

Cooling

Central AirCeiling Fan(s)

Appliances

Electric Oven

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 2302 40th Street is listed at $150,000 ($95/sqft). The estimated monthly payment is $802 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1975, 0.19 acre lot. Interior Features: Ceiling Fan(s), Storage.

This property is listed by Houston Garrett.

HG

Houston Garrett

License 0740265

Agent at Keller Williams Realty

Listed by Keller Williams Realty · Broker phone: (806) 771-7710 · View on Broker Site · Broker website

MLS# 202609061· Source: Lubbock Association of Realtors· 119 days on PropertySimple

Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2302 40th Street, Lubbock, TX 79412

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