$125,000
Original price: $137,000
3 Beds
2 Baths
1,041 sqft
2506 40th St, Lubbock, TX 79413
Est. Mortgage $872/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1950
$120/sqft
Open Parking
Local Information
- Map ViewExplore the area around 2506 40th St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Immediate cash flow opportunity now on market. 2 unit residential income property with tenants in place through summer 2026. Main unit is a 2 bedroom 1 bathroom home, and efficiency unit is a 1 bedroom, 1 bathroom. Total rent is $1,600 according to current lease agreements.
Last check for updates: about 4 hours ago
Listing courtesy of Mike Hagler TREC #0827224, (806) 329-8806
Brick & Loft Realty
Rhett Goodnight TREC #0830982, (469) 865-5547
Brick & Loft Realty
Source: LBMLS, MLS#202609491
Also Listed on LBMLS.
Home Details for 2506 40th St
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1041 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Sewer Connected |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: Ceiling Fan(s),OtherHas Heating |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Floors: Vinyl |
Security Security: None |
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Exterior Home Features Roof: Composition |
Parking & Garage No Attached GarageHas Open ParkingParking: Driveway,On Street |
Frontage Road Frontage: City StreetRoad Surface Type: All WeatherNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1041 Square Feet |
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Cumulative Days on Market: 55Days on Market: 55 |
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Year Built Year Built: 1950 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl SidingNot a New ConstructionNot Attached Property |
Property Information Parcel Number: R125837 |
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Price List Price: $125,000Price Per Sqft: $120 |
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MLS Status: Active |
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Direction & Address City: Lubbock |
School Information High School District: Lubbock ISD |
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Listing Agent Listing ID: 202609491 |
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Building Area Building Area: 1041 Square Meters |
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Lot Area: 7840.8 sqft |
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Listing Terms: Cash, Conventional |
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Expense Tenant Pays: Gas, Internet, Water |
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Mls Number: 202609491Above Grade Unfinished Area: 1041 |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Wheelock & Monterey
At least 18 Trulia users voted on each feature.
100 % Say there are sidewalks
97 % Say car is needed
94 % Say parking is easy
88 % Say it's dog friendly
69 % Say yards are well-kept
60 % Say kids play outside
55 % Say there's holiday spirit
50 % Say it's walkable to restaurants
50 % Say people would walk alone at night
48 % Say neighbors are friendly
43 % Say it's quiet
35 % Say they plan to stay for at least 5 years
31 % Say it's walkable to grocery stores
31 % Say there's wildlife
29 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
Market trends in Lubbock
Last updated July 2026
Avg. sale price
$236K
$6.67KMoM
Sale-to-List Price
99.1%
0.3%MoM
Price per sq ft
$135
$3MoM
Available listings
1588
49MoM
Home Value
Trulia Estimate
$129KSince last month
Decreased$2K (-1.1%)Since last year
Increased$58K (+80.2%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +126% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $129K |
| August 2026 | $129K |
| July 2026 | $131K |
| June 2026 | $139K |
| May 2026 | $138K |
| April 2026 | $139K |
| March 2026 | $138K |
| February 2026 | $138K |
| January 2026 | $138K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.53 | Multi-Family Home | - | 03/12/26 | 2 | 2 | 1,232 | |
0.51 | Multi-Family Home | - | 02/19/26 | 4 | 2 | 1,450 | |
0.47 | Multi-Family Home | - | 07/22/26 | 4 | 2 | 2,291 | |
0.48 | Multi-Family Home | - | 07/22/26 | 4 | 2 | 2,262 | |
0.73 | Multi-Family Home | - | 04/10/26 | 4 | 2 | 1,611 | |
0.75 | Multi-Family Home | - | 06/04/26 | 2 | 2 | 1,314 | |
0.47 | Multi-Family Home | - | 07/22/26 | 4 | 2 | 2,277 | |
0.58 | Multi-Family Home | - | 03/13/26 | 5 | 3 | 2,192 | |
0.52 | Multi-Family Home | - | 12/10/25 | 4 | 4 | 2,600 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $89,800 | 2 | 1 | 805 | Off Market | |
0.03 | $150,000 | 3 | 2 | 1,446 | For Sale | |
0.04 | $95,100 | 2 | 1 | 860 | Off Market | |
0.04 | - | 2 | 1 | 1,000 | Recently Sold | |
0.05 | $159,000 | 4 | 3 | 1,972 | Off Market | |
0.05 | - | 3 | 1 | 1,040 | Recently Sold | |
0.07 | $94,900 | 3 | 2 | 1,183 | For Sale | |
0.08 | $137,000 | 2 | 2 | 1,782 | Off Market | |
0.11 | - | 2 | 1 | 902 | Recently Sold | |
0.10 | - | 1 | 1 | 732 | Recently Sold | |
0.11 | $130,100 | 3 | 2 | 1,442 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 4, 2026 Source: LBMLS #202609491 | PriceChange | $125,000 Price decreased by 9% |
Jul 11, 2026 Source: LBMLS #202609491 | Listed For Sale | $137,000 |
Oct 17, 2025 Source: LBMLS #202559596 | Sold | -- |
Oct 3, 2025 Source: LBMLS #202559596 | Pending | $137,000 |
Sep 23, 2025 Source: LBMLS #202559596 | PriceChange | $137,000 Price decreased by 2% |
Aug 26, 2025 Source: LBMLS #202559596 | Listed For Sale | $140,000 |
Jul 22, 2025 Source: Zillow Rentals | ListingRemoved | $1,000 |
Jul 14, 2025 Source: Zillow Rentals | Listed For Rent | $1,000 |
Mar 8, 2024 Source: Zillow Rentals | ListingRemoved | |
Feb 27, 2024 Source: Zillow Rentals | Listed For Rent | $950 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,624 | $91,807 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mike Hagler, Brick & Loft Realty
Agent Phone: (806) 329-8806
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.
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Frequently asked questions about 2506 40th St
- What is the estimated monthly payment for 2506 40th St?Based on a $125,000 list price with 20% down at today's rates, the estimated monthly payment for 2506 40th St in Lubbock, TX is approximately $892 (about $659 principal & interest, $158 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 2506 40th St compare to homes in Lubbock?2506 40th St in Lubbock, TX is listed at $125,000, about 47% below the $236K median sale price in Lubbock.
- What do residents say about the Wheelock & Monterey neighborhood?Residents describe the Wheelock & Monterey neighborhood in Lubbock, TX as pedestrian-friendly, easy to park in, and dog-friendly. See homes for sale in Wheelock & Monterey, Lubbock.
- What are the closest schools to 2506 40th St?The closest schools to 2506 40th St in Lubbock, TX are Atkins Middle School (rated 3/10), Monterey High School (rated 5/10), Wheelock Elementary School (Pre-K, rated 4/10).
- Does 2506 40th St have air conditioning?Yes, 2506 40th St in Lubbock, TX has air conditioning.
- Does 2506 40th St have parking?Yes, 2506 40th St in Lubbock, TX has on-site parking.
2506 40th St, Lubbock, TX 79413 is a 3 bedroom, 2 bathroom, 1,041 sqft multi-family built in 1950. 2506 40th St is located in Wheelock & Monterey, Lubbock. This property is currently available for sale and was listed by LBMLS on Jul 11, 2026. The MLS # for this home is MLS# 202609491.