5107 40th St Lubbock, TX 79414
Stubbs-Stewart NeighborhoodHighlights
- Open Floorplan
- No HOA
- Storage
- Traditional Architecture
- 1 Car Attached Garage
- Central Heating and Cooling System
About This Home
Investors delight, package of Six homes with income coming in, range from 2/1 to 3/1/1 All located in different parts of town.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 7,950 Sq Ft Lot
- Back Yard Fenced
Parking
- 1 Car Attached Garage
- Driveway
- Additional Parking
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 904 Sq Ft Home
- Open Floorplan
- Storage
- Laundry in Garage
- Laminate Flooring
Kitchen
- Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number R51165
Community Details
Overview
- No Home Owners Association
Building Details
- Gross Income $77,940
- Net Operating Income $57,940
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 | $1,516 | $97,490 | $22,000 | $75,490 |
| 2024 | $15 | $83,512 | $22,000 | $61,512 |
| 2023 | $1,679 | $90,352 | $8,640 | $81,712 |
| 2022 | $1,588 | $78,439 | $8,640 | $69,799 |
| 2021 | $1,463 | $68,302 | $8,640 | $59,662 |
| 2020 | $1,485 | $68,302 | $8,640 | $59,662 |
| 2019 | $1,543 | $68,725 | $8,640 | $60,085 |
| 2018 | $1,545 | $68,725 | $8,640 | $60,085 |
| 2017 | $1,118 | $49,684 | $8,640 | $41,044 |
| 2016 | $1,118 | $49,684 | $8,640 | $41,044 |
| 2015 | $1,194 | $49,020 | $8,640 | $40,380 |
| 2014 | $1,194 | $53,703 | $3,900 | $49,803 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $650,000 | -- | $719 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Service Title | |
| Vendors Lien | -- | None Available | |
| Gift Deed | -- | None Available | |
| Deed Of Distribution | -- | None Available | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $60,000 | Commercial |
Source: Lubbock Association of REALTORS®
MLS Number: 202603654
APN: R51165
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Ask me questions while you tour the home.