2304 40th St Lubbock, TX 79412
Clapp Park NeighborhoodEstimated payment $1,058/month
Highlights
- Fenced Yard
- Landscaped
- Back and Front Yard
- Tile Flooring
- Central Heating and Cooling System
About This Home
Excellent investment opportunity just minutes from Texas Tech University, UMC, and Covenant. This well-located duplex features two spacious 2-bedroom, 1-bath units, both currently leased, making it a great turn-key income property. Each unit offers its own private backyard, and convenient front parking provides easy access for tenants. Situated directly across from a neighborhood park, the property offers green space while still being close to major Lubbock destinations. With strong rental potential and great proximity to the university and medical districts, this property is ideal for investors looking to grow their portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,477
Year Built
- Built in 1976 | Remodeled
Lot Details
- 8,056 Sq Ft Lot
- Fenced Yard
- Landscaped
- Back and Front Yard
Parking
- 2 Carport Spaces
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,586 Sq Ft Home
- Tile Flooring
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 $1,500
Listing and Financial Details
- Assessor Parcel Number R30245
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 |
|---|---|---|---|---|
| 2024 | $2,477 | $136,383 | $3,344 | $133,039 |
| 2023 | $1,614 | $86,802 | $3,344 | $83,458 |
| 2022 | $2,021 | $99,857 | $3,344 | $96,513 |
| 2021 | $1,641 | $72,504 | $3,344 | $69,160 |
| 2020 | $1,429 | $65,700 | $3,344 | $62,356 |
| 2019 | $1,891 | $84,248 | $3,344 | $80,904 |
| 2018 | $1,894 | $84,248 | $3,344 | $80,904 |
| 2017 | $1,382 | $61,397 | $3,344 | $58,053 |
| 2016 | $1,382 | $61,397 | $3,344 | $58,053 |
| 2015 | $1,296 | $58,281 | $3,344 | $54,937 |
| 2014 | $1,296 | $58,281 | $3,344 | $54,937 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | Price Changed | $160,000 | -3.0% | $101 / Sq Ft |
| 06/16/2025 06/16/25 | For Sale | $165,000 | -- | $104 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Service Title | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $110,061 | Credit Line Revolving | |
| Previous Owner | $55,000 | Seller Take Back |
Source: Lubbock Association of REALTORS®
MLS Number: 202556391
APN: R30245
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