2302 40th St Lubbock, TX 79412
Clapp Park NeighborhoodEstimated payment $958/month
Highlights
- Fenced Yard
- Central Heating and Cooling System
- Vinyl Flooring
- Landscaped
- Ceiling Fan
- Back Yard
About This Home
Turn-key duplex located just off University Ave with quick access to Texas Tech, medical centers, and local amenities. Each side offers a functional 2-bedroom, 1-bath layout with private fenced backyards, ideal for tenants seeking personal outdoor space. Dedicated off-street parking provides added convenience for both units. Currently fully leased, this property offers immediate cash flow for an investor looking for strong rental performance in a prime Lubbock location. Minutes from Texas Tech, UMC, Covenant, and major shopping corridors, this duplex sits in the heart of a high-demand rental market. Excellent opportunity to add a stable, income-producing property to your portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,068
Year Built
- Built in 1975 | Remodeled
Lot Details
- 8,056 Sq Ft Lot
- Fenced Yard
- Landscaped
- Back Yard
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,586 Sq Ft Home
- Ceiling Fan
- Vinyl Flooring
- Electric Oven
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Gas Water Heater
- Phone Available
- Cable TV Available
Community Details
- Gross Income $1,498
Listing and Financial Details
- Assessor Parcel Number R30270
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,068 | $132,233 | $3,344 | $128,889 |
| 2024 | $2,068 | $144,875 | $3,344 | $141,531 |
| 2023 | $1,764 | $94,886 | $3,344 | $91,542 |
| 2022 | $2,211 | $109,209 | $3,344 | $105,865 |
| 2021 | $1,844 | $79,204 | $3,344 | $75,860 |
| 2020 | $1,678 | $77,190 | $3,344 | $73,846 |
| 2019 | $1,733 | $77,190 | $3,344 | $73,846 |
| 2018 | $2,197 | $97,732 | $3,344 | $94,388 |
| 2017 | $1,600 | $71,073 | $3,344 | $67,729 |
| 2016 | $1,556 | $69,138 | $3,344 | $65,794 |
| 2015 | $1,532 | $68,883 | $3,344 | $65,539 |
| 2014 | $1,532 | $68,883 | $3,344 | $65,539 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | For Sale | $150,000 | -- | $95 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $88,162 | New Conventional |
Source: Lubbock Association of REALTORS®
MLS Number: 202560706
APN: R30270
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