2302 40th St
Lubbock, TX 79412
Clapp Park
4 Beds
2 Baths
1,586 sqft
4 Beds
2 Baths
1,586 sqft
We estimate this home will sell faster than 85% nearby.
Local Information
- Map ViewExplore the area around 2302 40th St.
- Schools1 Elementary School2 Middle Schools1 High School
- Shop & Eat
-- mins to
Description
Excellent opportunity just off University Avenue for an investor or owner-occupant looking to house hack in a high-demand Lubbock rental market. Unit A has recently been leased at $749 per month, with the tenant scheduled to move in on July 7, giving a new owner income in place from day one. Unit B offers the opportunity for an owner to move in while using the rental income from Unit A to help offset the monthly payment. Each side features a functional 2-bedroom, 1-bath layout with its own private fenced backyard and dedicated off-street parking. Located minutes from Texas Tech, UMC, Covenant, shopping, dining, and major employment centers, this duplex offers flexibility, income potential, and a strong location for both investors and owner-occupants.
We estimate this home will sell faster than 85% nearby.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$95
Listed
5 days ago
Home Details for 2302 40th St
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1586 Square Feet |
Appliances & Utilities Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water ConnectedAppliances: Electric Oven |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Ceiling Fan(s),Central AirHas HeatingHeating Fuel: Central |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Floors: Vinyl |
Security Security: Smoke Detector(s) |
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Exterior Home Features Roof: CompositionFencing: FencedFoundation: Slab |
Parking & Garage No Attached GarageParking: Concrete |
Frontage Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1586 Square Feet |
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Days on Market: 5 |
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Year Built Year Built: 1975 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi Family |
Building Construction Materials: BrickNot a New Construction |
Property Information Condition: Updated/RemodeledParcel Number: R30270 |
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Price List Price: $150,000Price Per Sqft: $95 |
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MLS Status: Active |
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Direction & Address City: Lubbock |
School Information Elementary School: BrownJr High / Middle School: SlatonHigh School: MontereyHigh School District: Lubbock ISD |
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Listing Agent Listing ID: 202609061 |
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Building Area Building Area: 1586 Square Meters |
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Lot Area: 8276.4 sqft |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Expense Tenant Pays: All Utilities |
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Mls Number: 202609061Above Grade Unfinished Area: 1586 |
Last check for updates: about 7 hours ago
Listing courtesy of Houston Garrett TREC #0740265, (806) 544-7343
Keller Williams Realty
Source: LBMLS, MLS#202609061
Also Listed on LBMLS.
Market trends in Lubbock
Last updated May 2026
Avg. sale price
$230K
$4.33KMoM
Sale-to-List Price
98.4%
0.1%MoM
Price per sq ft
$130
$2MoM
Available listings
1545
15MoM
Price History for 2302 40th St
| Date | Price | Event | Source |
|---|---|---|---|
| 07/02/2026 | $150,000 | Listed For Sale | LBMLS #202609061 |
| 01/05/2026 | $150,000 | ListingRemoved | LBMLS #202560706 |
| 09/19/2025 | $150,000 | PriceChange | LBMLS #202560706 |
| 07/22/2025 | $160,000 | PriceChange | LBMLS #202556392 |
| 06/16/2025 | $165,000 | Listed For Sale | LBMLS #202556392 |
| 03/09/2016 | -- | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,340 |
| Assessment | $132,233 |
Home facts updated by county records
Comparable Sales for 2302 40th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Multi-Family Home | - | 10/17/25 | 3 | 2 | 1,041 | |
0.26 | Multi-Family Home | - | 03/12/26 | 2 | 2 | 1,232 | |
0.32 | Multi-Family Home | - | 08/15/25 | 2 | 2 | 1,310 | |
0.70 | Multi-Family Home | - | 02/19/26 | 4 | 2 | 1,450 | |
0.55 | Multi-Family Home | - | 06/04/26 | 2 | 2 | 1,314 | |
0.41 | Multi-Family Home | - | 12/10/25 | 4 | 4 | 2,600 | |
0.62 | Multi-Family Home | - | 03/13/26 | 5 | 3 | 2,192 | |
0.61 | Multi-Family Home | - | 07/11/25 | 6 | 3 | 2,520 | |
0.67 | Multi-Family Home | - | 05/18/26 | 4 | 4 | 2,164 | |
0.69 | Multi-Family Home | - | 05/18/26 | 4 | 4 | 2,164 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETColdwell Banker Trusted Adviso
Assigned Schools
These are the assigned schools for 2302 40th St.
- Monterey High School
- 9-12
- Public
- 2113 Students
5/10GreatSchools RatingParent Rating AverageThough Monterey High School as a whole is not without its issues (including discipline, drugs, etc.), overall, the staff and adminstration take the time to ensure that all students feel known and cared for and are willing to listen to and account for the desires, complaints, and opinions of its student body. The homework as an honors student can be excessive, but teachers are commonly understanding of students' situation and are willing to ensure each student's success. Many of the issues throughout tbe school earn quick and typically effective response, and commonly stem from a lack of funding and staff. If you choose to attend Monterey, be ready to get involved, especially in programs like its PLTW Pre-Engineering program (led by the amazing Scott Houy and Jessica Lara who will support students in every situation and motivate them for success), the Floyd Honey Chapter of the National Honor Society, MHS Leading Ladies, FCCLA, Chick-fil-A Leadership Academy, Student Council, and the many advanced-level courses offered at the school for the best experience. Students that fail to succeed often fail to become involved and keep in touch with athletic and other events happening throughout the school, including consistent conversation with counselors (like the amazing Kristen Lewis) and attendance clerks. It is important that as a student you get to know the administative staff, and your teachers - students are almost always safe to talk to faculty at Monterey, even if they are not involved in your activities or classes. I will acknowledge that there are issues within some organizations/activities regarding students' desire participate under the leadership, including Band, Tennis, Orchestra, Cheer, etc. I will also acknowlege that there have recently been staffing issues, especially in the Sciences (mainly Physics) and a few other areas. I know this has been somewhat of a run-on discussing various aspects of attending Monterey, but overall, it is a great school, with dedicated teachers and administration, a variety of programs, and the potential for success that make Monterey High School one of the best, if not the best, of all high schools in Lubbock. I would give the school a 7/10.Student Review3y ago - Atkins Middle School
- 6-8
- Public
- 433 Students
3/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Slaton Middle School
- 6-8
- Public
- 321 Students
2/10GreatSchools RatingParent Rating Averagethis school tase kid if they ask a question and if they get it wrong they get tased again and my son hesten ross he got tased and is in shock so do something or im suingParent Review1y ago - Brown Elementary School
- 4-5
- Public
- 104 Students
NAGreatSchools RatingParent Rating AverageNo reviews available for this school. 
Check out schools near 2302 40th St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Clapp Park
At least 38 Trulia users voted on each feature.
85 % Say parking is easy
82 % Say there are sidewalks
73 % Say car is needed
62 % Say yards are well-kept
61 % Say it's dog friendly
59 % Say it's walkable to grocery stores
57 % Say there's holiday spirit
57 % Say kids play outside
55 % Say it's walkable to restaurants
44 % Say it's quiet
43 % Say there's wildlife
39 % Say neighbors are friendly
32 % Say people would walk alone at night
30 % Say they plan to stay for at least 5 years
29 % Say streets are well-lit
13 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Houston Garrett, Keller Williams Realty
Agent Phone: (806) 544-7343
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
2302 40th St, Lubbock, TX 79412 is a 4 bedroom, 2 bathroom, 1,586 sqft multi-family built in 1975. 2302 40th St is located in Clapp Park, Lubbock. This property is currently available for sale and was listed by LBMLS on Jul 2, 2026. The MLS # for this home is MLS# 202609061.