4204 40th St
Lubbock, TX 79413
Maedgen Area- 5 Beds
- 3 Baths
- 4,248 sqft (on 0.37 acres)
5 Beds
3 Baths
4,248 sqft
(on 0.37 acres)
Homes for sale near 4204 40th St
Apartments for Rent
Local Information
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Description
**4,200+ SF Income Property — Priced $61K Below Tax Value**
Turn-key cash flow with an established, long-term business tenant (sober living facility) already in place and renting at the true 1% rule. Tenants have expressed a desire to remain and continue renewing, offering dependable, contracted income from Day 1. Three thoughtful additions expand the original footprint to over 4,200 sq ft, creating flexible spaces ideal for a home-based business or versatile live-work layout (buyer to verify permitted uses). Inside and out, you'll find ample storage, plus multiple over-sized rooms that function as offices, meeting areas, or secondary living spaces. The brick exterior and practical design support low-maintenance ownership, while the significant discount—$61,000 under tax value—adds built-in equity and room for future improvements.
Showings by appointment with appropriate notice to respect the occupants. If you're an investor seeking steady returns with a unique, high-square-footage asset, this one checks the boxes.
Turn-key cash flow with an established, long-term business tenant (sober living facility) already in place and renting at the true 1% rule. Tenants have expressed a desire to remain and continue renewing, offering dependable, contracted income from Day 1. Three thoughtful additions expand the original footprint to over 4,200 sq ft, creating flexible spaces ideal for a home-based business or versatile live-work layout (buyer to verify permitted uses). Inside and out, you'll find ample storage, plus multiple over-sized rooms that function as offices, meeting areas, or secondary living spaces. The brick exterior and practical design support low-maintenance ownership, while the significant discount—$61,000 under tax value—adds built-in equity and room for future improvements.
Showings by appointment with appropriate notice to respect the occupants. If you're an investor seeking steady returns with a unique, high-square-footage asset, this one checks the boxes.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 24, 2025
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 4204 40th St
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 4248 Square Feet |
Appliances & Utilities Appliances: OtherLaundry: Other |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa Number of Fireplaces: 2Has a Fireplace |
Windows, Doors, Floors & Walls Flooring: Other |
Levels, Entrance, & Accessibility Floors: Other |
Security Security: None |
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Exterior Home Features Roof: CompositionFencing: FencedExterior: OtherFoundation: Slab |
Parking & Garage No GarageNo Attached GarageHas Open ParkingParking: Driveway |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Finished Area Finished Area (above surface): 4248 Square Feet |
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Cumulative Days on Market: 7 |
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Year Built Year Built: 1953 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialArchitecture: Traditional |
Building Construction Materials: Brick, OtherNot a New ConstructionNo Additional Parcels |
Property Information Parcel Number: R118321 |
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Price List Price: $255,000 |
Status Change & Dates Off Market Date: Mon Sep 01 2025 |
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MLS Status: Closed |
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Direction & Address City: Lubbock |
School Information Elementary School: MaedgenJr High / Middle School: EvansHigh School: MontereyHigh School District: Lubbock ISD |
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Building Area Building Area: 4248 Square Meters |
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Lot Area: 0.37 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, Private Financing Available |
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Mls Number: 202559560Above Grade Unfinished Area: 4248 |
Last check for updates: about 3 hours ago
Listed by Felicia Estrada TREC #0673783, (210) 274-1825
Keller Williams Realty
Bought with: Chris Carter TREC #0817825, (806) 500-5599, The 32:18 Management Group
Source: LBMLS, MLS#202559560

Price History for 4204 40th St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/11/2025 | -- | Sold | LBMLS #202559560 |
| 09/03/2025 | $255,000 | Pending | LBMLS #202559560 |
| 08/25/2025 | $255,000 | Listed For Sale | LBMLS #202559560 |
| 02/21/2023 | ListingRemoved | Zillow Rentals | |
| 01/12/2023 | $2,499 | PriceChange | Zillow Rentals |
| 12/06/2022 | $2,500 | PriceChange | Zillow Rentals |
| 07/23/2022 | $2,199 | Listed For Rent | Zillow Rental Network Premium |
| 03/28/2019 | -- | Sold | N/A |
| 08/10/2018 | $196,000 | PriceChange | Agent Provided |
| 07/20/2018 | $165,000 | PriceChange | Agent Provided |
| 03/27/2013 | $147,000 | Listed For Sale | Agent Provided |
| 12/02/2008 | -- | Sold | N/A |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $5,608 |
| Assessment | $316,947 |
Home facts updated by county records
Comparable Sales for 4204 40th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.24 | Single-Family Home | - | 04/30/26 | 5 | 3 | 2,681 | |
0.02 | Single-Family Home | - | 10/21/25 | 4 | 2 | 1,672 | |
0.24 | Single-Family Home | - | 06/27/25 | 3 | 3 | 2,413 | |
0.20 | Single-Family Home | - | 10/25/25 | 4 | 3 | 1,762 | |
0.09 | Single-Family Home | - | 03/24/26 | 3 | 2 | 1,582 | |
0.16 | Single-Family Home | - | 11/19/25 | 4 | 2 | 1,578 | |
0.11 | Single-Family Home | - | 02/27/26 | 3 | 2 | 1,923 | |
0.06 | Single-Family Home | - | 05/07/26 | 3 | 2 | 1,587 | |
0.08 | Single-Family Home | - | 12/19/25 | 3 | 1.5 | 1,617 |
Assigned Schools
These are the assigned schools for 4204 40th St.
What Locals Say about Maedgen Area
At least 46 Trulia users voted on each feature.
94 % Say there are sidewalks
90 % Say car is needed
90 % Say yards are well-kept
86 % Say it's dog friendly
81 % Say parking is easy
71 % Say kids play outside
70 % Say there's holiday spirit
58 % Say it's quiet
56 % Say it's walkable to grocery stores
55 % Say neighbors are friendly
53 % Say it's walkable to restaurants
49 % Say they plan to stay for at least 5 years
47 % Say people would walk alone at night
46 % Say there's wildlife
46 % Say streets are well-lit
13 % Say there are community events
Learn more about our methodology.
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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.
Homes for rent near 4204 40th St
Off Market Homes Near 4204 40th St
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4204 40th St, Lubbock, TX 79413 is a 5 bedroom, 3 bathroom, 4,248 sqft single-family home built in 1953. 4204 40th St is located in Maedgen Area, Lubbock. This property is not currently available for sale. 4204 40th St was last sold on Sep 11, 2025 for $0. The current Trulia Estimate for 4204 40th St is $250,200.