2302 40th St Lubbock, TX 79412
Clapp Park NeighborhoodEstimated payment $1,013/month
Highlights
- Storage
- Central Heating and Cooling System
- Fenced
- Landscaped
- Ceiling Fan
- Vinyl Flooring
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1975 | Remodeled
Lot Details
- 8,056 Sq Ft Lot
- Fenced
- Landscaped
- Back Yard
Parking
- Parking Available
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,586 Sq Ft Home
- Ceiling Fan
- Storage
- Vinyl Flooring
- Fire and Smoke Detector
- Electric Oven
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Location
- City Lot
Utilities
- Central Heating and Cooling System
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number R30270
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,340 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2026 07/02/26 | For Sale | $150,000 | -- | $95 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | Balloon | |
| Closed | $88,162 | New Conventional | |
| Previous Owner | $267,552 | Commercial |
Source: Lubbock Association of REALTORS®
MLS Number: 202609061
APN: R30270
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Information is deemed reliable but not guaranteed.
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