5438 40th St, Lubbock, TX 79414
Property image
Property image
OFF MARKET

$543,900

Trulia Estimate
  • 1 Bed
  • 1 Bath
  • 4,810 sqft (on 0.33 acres)

5438 40th St, Lubbock, TX 79414

Wester
Est. Refi. Payment $3,665/mo*
Refinance Your Home

Home Value

Trulia Estimate
$544K
Since last month
Decreased$6K (-1.2%)
Since last year
Increased$47K (+9.4%)
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 +11% in the last 10 years
MonthEstimated value
2026
September 2026$544K
August 2026$550K
July 2026$530K
June 2026$544K
May 2026$515K
April 2026$510K
March 2026$510K
February 2026$510K
January 2026$511K
2025
2024

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
5607 43rd St, Lubbock, TX
0.27
Multi-Family Home
-
06/18/26
4
2
1,926
5533 34th St, Lubbock, TX
0.40
Multi-Family Home
-
09/23/25
4
2
1,776
5722 Brownfield Dr, Lubbock, TX
0.44
Multi-Family Home
-
12/18/25
7
4
2,989
6101 36th St, Lubbock, TX
1.01
Multi-Family Home
-
11/04/25
4
4
2,720
3208 Salisbury Ave, Lubbock, TX
1.24
Multi-Family Home
-
10/23/25
8
4
3,200
3302 Salisbury Ave, Lubbock, TX
1.24
Multi-Family Home
-
05/04/26
8
4
3,200
4429 31st St, Lubbock, TX
1.40
Multi-Family Home
-
05/20/26
4
2
2,003
4425 31st St, Lubbock, TX
1.42
Multi-Family Home
-
08/10/26
4
2
2,003
4602 52nd St, Lubbock, TX
1.43
Multi-Family Home
-
08/21/26
4
2
1,672
5314 13th St, Lubbock, TX
1.85
Multi-Family Home
-
03/06/26
4
2
1,920

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
5445 40th St, Lubbock, TX 79414
0.04
$344,600
8
6
4,342
Off Market
5429 40th St, Lubbock, TX 79414
0.07
$213,700
5
4
2,301
Off Market
5427 40th St, Lubbock, TX 79414
0.08
-
3
2
1,358
Recently Sold
5433 41st St, Lubbock, TX 79414
0.10
$175,700
3
2
1,438
Off Market
5417 39th Dr, Lubbock, TX 79414
0.13
$155,500
2
2
1,562
Off Market
5426 42nd St, Lubbock, TX 79414
0.15
-
3
2
1,378
Recently Sold
5439 42nd St, Lubbock, TX 79414
0.16
$183,100
3
2
1,421
Off Market
5414 39th Dr, Lubbock, TX 79414
0.14
$175,600
4
2
1,338
Off Market
5433 42nd St, Lubbock, TX 79414
0.16
-
3
2
1,400
Recently Sold
3526 Bangor Dr, Lubbock, TX 79407
0.15
$237,500
5
2
1,631
For Sale
5607 38th St, Lubbock, TX 79407
0.18
$153,300
3
2
1,392
Off Market

Local Information

  • Map ViewExplore the area around 5438 40th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1983
0.33 acre lot
4,810 sqft
$113/sqft

About this House

Excellent multi-family investment opportunity in Lubbock! This property is located right off the Marsha Sharp Freeway close to Texas Tech, Lubbock Christian University, West End Shopping Center, and more! This complex is comprised of 14 total units, 13 Studio apartments and 1 2/1 unit. With some TLC this property could be a great addition to anyone's portfolio. Don't miss out on this awesome investment opportunity!
5438 40th St, Lubbock, TX 79414 is a 1 bedroom, 1 bathroom, 4,810 sqft multi-family in Wester, built in 1983. It was last sold on Nov 7, 2024. More recently, it was listed as a rental in November 2025 with an asking price of $695 per month. That rental listing was removed on December 5, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $543,900, with a rent estimate of $1,032/month.
Last check for updates: about 23 hours ago
Listed by Cameron Winegar TREC #0733294, (806) 577-6172
Reside Real Estate Co.
Bought with: Josh Allen TREC #0525402, (806) 239-5313, Reside Real Estate Co.
Source: LBMLS, MLS#202410326

Home Details for 5438 40th St

Interior Features

Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 4810 Square Feet
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: Wall/Window Unit(s)Has Heating

Exterior Features

Parking & Garage
No Attached GarageParking: Other
Frontage
Road Surface Type: PavedNot on Waterfront
Finished Area
Finished Area (above surface): 4810 Square Feet

Days on Market

Cumulative Days on Market: 3

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Brick
Property Information
Parcel Number: R106316

Price & Status

Price
List Price: $500,000
Status Change & Dates
Off Market Date: Sat Jul 20 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Lubbock
School Information
Elementary School: WesterJr High / Middle School: IronsHigh School: CoronadoHigh School District: Lubbock ISD

Building

Building Area
Building Area: 4810 Square Meters

Lot Information

Lot Area: 0.33 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 202410326Above Grade Unfinished Area: 4810

Price and Tax history

DateEventPrice
Dec 5, 2025
Source: Zillow Rentals
ListingRemoved
$695
Nov 19, 2025
Source: Zillow Rentals
Listed For Rent
$695
Oct 23, 2025
Source: Zillow Rentals
ListingRemoved
$795
Oct 15, 2025
Source: Zillow Rentals
Listed For Rent
$795
Nov 7, 2024
Source: LBMLS #202410326
Sold
--

Market trends in Lubbock

Last updated August 2026
Buyer'sMarketSeller'sMarket
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

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Wester
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Wester

At least 20 Trulia users voted on each feature.

  • 92 % Say parking is easy

  • 91 % Say car is needed

  • 90 % Say there are sidewalks

  • 81 % Say it's dog friendly

  • 75 % Say kids play outside

  • 74 % Say yards are well-kept

  • 62 % Say there's holiday spirit

  • 48 % Say it's quiet

  • 47 % Say it's walkable to restaurants

  • 41 % Say there's wildlife

  • 40 % Say neighbors are friendly

  • 31 % Say they plan to stay for at least 5 years

  • 27 % Say streets are well-lit

  • 23 % Say people would walk alone at night

  • 15 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Kaschahall9
    "Easy, I’m able to go to place to place with no issues. Stop signs and lights control the traffic in my area making my commute easier. "
    0
    Flag
  • Trey R.
    "I live in this neighborhood, and have a small young family. The elementary school is just a few blocks down the street, and it is a great place. The area is friendly for kids to play on the sidewalk with plenty of friends."
    10
    Flag

LGBTQ Local Legal Protections

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Frequently asked questions about 5438 40th St

  • What is 5438 40th St estimated to be worth?
    Trulia's estimated value for 5438 40th St in Lubbock, TX is $543,900.
  • What is the price history for 5438 40th St?
    5438 40th St in Lubbock, TX last sold in November 2024.
  • Is Lubbock a buyer's or seller's market?
    Lubbock is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Lubbock?
    The median sale price in Lubbock is $247K. That is up $11.61K from the prior month.
  • Does 5438 40th St have air conditioning?
    Yes, 5438 40th St in Lubbock, TX has air conditioning.
  • Does 5438 40th St have parking?
    Yes, 5438 40th St in Lubbock, TX has on-site parking.

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