About This Home

This 3-bedroom, 2-bathroom single family at 2507 40th Street in Lubbock, TX is listed for $145,000 ($100 per sqft). Built in 1950, the home offers 1,446 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1950
  • 0.17 acre lot

Property Details

1 story
2 full
1950

Amenities

A/C
Listing Description

Whether you're looking to expand your rental portfolio or purchase your next income-producing property, this charming home offers excellent potential in an established Lubbock neighborhood. With a functional layout, spacious bedrooms, and a detached bonus building, the possibilities are endless for investors seeking strong rental appeal.

Inside, you'll find a practical floor plan with generously sized living spaces, durable flooring in the main areas, and comfortable carpeted bedrooms. The kitchen offers abundant cabinet storage, ample counter space, and stainless steel appliances, while the adjacent laundry room adds everyday convenience.

The primary bedroom is spacious and features its own private ensuite bath, providing added comfort for future tenants. Outside, the large backyard is a standout feature with an expansive wood deck perfect for outdoor entertaining, relaxing, or grilling.

The detached outbuilding provides valuable flexibility and could serve as a workshop, storage space, hobby room, or additional workspace (buyer to verify permitted uses). Mature trees offer shade and privacy, while the oversized lot provides plenty of room to enjoy.

Conveniently located near Texas Tech University, the Medical District, shopping, dining, parks, and major thoroughfares, this property is well-positioned for long-term rental demand or future value-add improvements. Whether you're looking for a property to hold as a rental, renovate for increased equity, or add to your investment portfolio, this is an opportunity you won't want to miss. Schedule your private showing today!

Monthly Cost Estimate

$775/mo

20% down · 6.5% · 30 years

Principal$105
Interest$628
Insurance$42

Estimates only. Actual payments may vary.

Location

2507 40th Street

Lubbock, TX 79413

Features & Amenities

Interior Features

Ceiling Fan(s)Formica Counters

Exterior Features

Storage

Property Details

Construction

Vinyl Siding

Parking

On Street

Heating

Natural GasCentral

Cooling

ElectricCentral Air

Appliances

Gas CooktopGas Oven

Questions & Answers

This 3-bedroom, 2-bathroom single family at 2507 40th Street is listed at $145,000 ($100/sqft). The estimated monthly payment is $775 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.17 acre lot. Interior Features: Ceiling Fan(s), Formica Counters. Exterior Features: Storage.

This property is listed by Brandon Tyler.

BT

Brandon Tyler

License 0542831

Agent at Progressive Properties

Listed by Progressive Properties · Broker phone: (806) 239-0962 · View on Broker Site · Broker website

MLS# 202609329· Source: Lubbock Association of Realtors· 116 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.

2507 40th Street, Lubbock, TX 79413

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