
2507 40th Street
Lubbock, TX 79413
3
Bedrooms
2
Bathrooms
1,446
Sq Ft
1950
Year Built
About This Home
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!
Property Details
Property Type
RES
Property Style
SingleFamilyResidence
Status
Active
MLS #
244605228
Days on Market
68
Interior Features
Total Bedrooms
3
Cooling
Central Air, Electric
Heating
Central, Natural Gas
Exterior & Lot
Parking
On Street, Other
Financial Information
List Price
$145,000
Price per Sq Ft
$100
Est. Monthly Payment
$725
Market Insights
$/Sqft vs Market Avg
-34%
Below MarketMarket avg: $152/sqft
Days on Market
68
Market avg: 39 days
Price Position
Below Market
Market avg: $388,668
*Compared to 100 active listings in the area
Location
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2507 40th Street
$145,000
$100/sqft
Est. $725/mo*
*Based on 20% down, 30-year fixed
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Christopher Brooks
Your Local Expert
