$145,000
Original price: $150,000
3 Beds
2 Baths
1,446 sqft
2507 40th St, Lubbock, TX 79413
Est. Mortgage $1,033/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1950
$100/sqft
Open Parking
Local Information
- Map ViewExplore the area around 2507 40th St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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!
Last check for updates: about 5 hours ago
Listing courtesy of Brandon Tyler TREC #0542831, (806) 239-0962
Progressive Properties
Source: LBMLS, MLS#202609329
Also Listed on LBMLS.
Home Details for 2507 40th St
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1446 Square Feet |
Appliances & Utilities Appliances: Gas Cooktop, Gas OvenLaundry: In Kitchen,Inside |
Heating & Cooling Heating: Central,Natural GasHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Central |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Number of Stories: 1 |
Security Security: None |
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Exterior Home Features Roof: CompositionOther Structures: Shed(s), StorageExterior: StorageFoundation: Slab |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street,Other |
Frontage Road Surface Type: PavedNot on Waterfront |
Finished Area Finished Area (above surface): 1446 Square Feet |
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Cumulative Days on Market: 68Days on Market: 67 |
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Year Built Year Built: 1950 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialArchitecture: Traditional |
Building Construction Materials: Vinyl SidingNot a New ConstructionNot Attached Property |
Property Information Parcel Number: R78737 |
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Price List Price: $145,000Price Per Sqft: $100 |
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MLS Status: Active |
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Direction & Address City: Lubbock |
School Information Elementary School: WheelockJr High / Middle School: MackenzieHigh School: MontereyHigh School District: Lubbock ISD |
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Listing Agent Listing ID: 202609329 |
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Building Area Building Area: 1446 Square Meters |
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Lot Area: 7405.2 sqft |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Mls Number: 202609329Above Grade Unfinished Area: 1446 |
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 August 2026
Avg. sale price
$247K
$11.61KMoM
Sale-to-List Price
99.2%
0.1%MoM
Price per sq ft
$137
$2MoM
Available listings
1579
11MoM
Home Value
Trulia Estimate
$144KSince last month
Decreased$3K (-2.1%)Since last year
Increased$3K (+2%)Since last sale
Increased$66K (+86.4%)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 +71% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $143K |
| August 2026 | $144K |
| July 2026 | $146K |
| June 2026 | $133K |
| May 2026 | $131K |
| April 2026 | $131K |
| March 2026 | $131K |
| February 2026 | $133K |
| January 2026 | $140K |
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 |
|---|---|---|---|---|---|---|---|
0.12 | Single-Family Home | - | 10/20/25 | 4 | 2 | 1,544 | |
0.25 | Single-Family Home | - | 10/03/25 | 3 | 2 | 1,382 | |
0.22 | Single-Family Home | - | 03/27/26 | 3 | 2 | 1,185 | |
0.30 | Single-Family Home | - | 04/17/26 | 3 | 1.5 | 1,320 | |
0.27 | Single-Family Home | - | 04/27/26 | 3 | 2 | 1,468 | |
0.31 | Single-Family Home | - | 05/15/26 | 3 | 2 | 1,305 | |
0.32 | Single-Family Home | - | 07/30/26 | 3 | 2 | 1,208 | |
0.30 | Single-Family Home | - | 03/11/26 | 3 | 2 | 1,296 | |
0.36 | Single-Family Home | - | 08/21/26 | 3 | 2 | 1,389 |
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 |
|---|---|---|---|---|---|---|
0.03 | $125,000 | 3 | 2 | 1,041 | For Sale | |
0.04 | $89,800 | 2 | 1 | 805 | Off Market | |
0.02 | $95,100 | 2 | 1 | 860 | Off Market | |
0.07 | $159,000 | 4 | 3 | 1,972 | Off Market | |
0.08 | - | 3 | 1 | 1,040 | Recently Sold | |
0.04 | $94,900 | 3 | 2 | 1,183 | For Sale | |
0.06 | - | 2 | 1 | 1,020 | Recently Sold | |
0.10 | $137,000 | 2 | 2 | 1,782 | Off Market | |
0.08 | - | 2 | 1 | 902 | Recently Sold | |
0.10 | - | 1 | 1 | 732 | Recently Sold | |
0.09 | $130,100 | 3 | 2 | 1,442 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 14, 2026 Source: LBMLS #202609329 | PriceChange | $145,000 Price decreased by 3% |
Jul 8, 2026 Source: LBMLS #202609329 | Listed For Sale | $150,000 |
Aug 4, 2025 Source: LBMLS #202554136 | ListingRemoved | $145,000 |
Jun 12, 2025 Source: LBMLS #202554136 | PriceChange | $145,000 Price decreased by 3% |
May 5, 2025 Source: LBMLS #202554136 | Listed For Sale | $150,000 |
Feb 12, 2022 Source: Zillow Rental Manager | ListingRemoved | |
Jan 12, 2022 Source: Zillow Rental Manager | PriceChange | $500 Price decreased by 33% |
Dec 22, 2021 Source: Zillow Rental Manager | PriceChange | $750 Price decreased by 63% |
Dec 19, 2021 Source: Zillow Rental Manager | Listed For Rent | $2,000 |
May 17, 2021 Source: N/A | Sold | -- |
Apr 26, 2019 Source: Agent Provided | ListingRemoved | $1,000 |
Mar 5, 2019 Source: Agent Provided | Listed For Rent | $1,000 |
Nov 6, 2018 Source: Agent Provided | ListingRemoved | $1,250 |
Sep 18, 2018 Source: Agent Provided | PriceChange | $1,250 Price decreased by 4% |
Aug 24, 2018 Source: Agent Provided | PriceChange | $1,300 Price decreased by 7% |
Jul 11, 2018 Source: Agent Provided | Listed For Rent | $1,400 |
Sep 28, 2017 Source: N/A | Sold | -- |
Aug 25, 2017 Source: Agent Provided | Listed For Sale | $120,000 |
Jun 1, 2017 Source: Agent Provided | ListingRemoved | $1,400 |
May 17, 2017 Source: Agent Provided | PriceChange | $1,400 Price decreased by 7% |
Mar 6, 2017 Source: N/A | Listed For Rent | $1,500 |
Oct 26, 2007 Source: N/A | Sold | -- |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,012 | $136,356 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Brandon Tyler, Progressive Properties
Agent Phone: (806) 239-0962
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 2507 40th St
- What is the estimated monthly payment for 2507 40th St?Based on a $145,000 list price with 20% down at today's rates, the estimated monthly payment for 2507 40th St in Lubbock, TX is approximately $1,042 (about $783 principal & interest, $184 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 2507 40th St compare to homes in Lubbock?2507 40th St in Lubbock, TX is listed at $145,000, about 41% below the $247K 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 2507 40th St?The closest schools to 2507 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 2507 40th St have air conditioning?Yes, 2507 40th St in Lubbock, TX has air conditioning.
- Does 2507 40th St have laundry facilities?Yes, 2507 40th St in Lubbock, TX has laundry facilities.
2507 40th St, Lubbock, TX 79413 is a 3 bedroom, 2 bathroom, 1,446 sqft single-family home built in 1950. 2507 40th St is located in Wheelock & Monterey, Lubbock. This property is currently available for sale and was listed by LBMLS on Jul 8, 2026. The MLS # for this home is MLS# 202609329.