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

5438 40th St
Lubbock, TX 79414

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

$542,000

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $3,477/mo*
Refinance Your Home

$542,000

Trulia Estimate
as of Jul 7, 2026
Est. Refi. Payment $3,477/mo*
Refinance Your Home
1 Bed
1 Bath
4,810 sqft
(on 0.33 acres)

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

Description

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 last sold for the $500,000 asking price 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. It is currently off market. The Trulia Estimate is $542,000, with a rent estimate of $738/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

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 HeatingHeating Fuel: Other

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
Last check for updates: about 1 hour 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

Price History for 5438 40th St

DatePriceEventSource
12/05/2025$695ListingRemovedZillow Rentals
11/19/2025$695Listed For RentZillow Rentals
10/23/2025$795ListingRemovedZillow Rentals
10/15/2025$795Listed For RentZillow Rentals
11/07/2024--Sold
LBMLS #202410326
07/21/2024$500,000PendingLBMLS #202410326
07/17/2024$500,000Listed For SaleLBMLS #202410326

Market trends in Lubbock

Last updated May 2026
Buyer'sMarketSeller'sMarket
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
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Comparable Sales for 5438 40th St

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
6103 36th St, Lubbock, TX
1.02
Multi-Family Home
-
09/12/25
4
4
2,720
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
1710 Elkhart, Lubbock, TX
1.51
Multi-Family Home
-
06/26/26
8
4
3,640
5314 13th St, Lubbock, TX
1.85
Multi-Family Home
-
03/06/26
4
2
1,920

Nearby homes

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Assigned Schools

These are the assigned schools for 5438 40th St.
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

Apartments for Rent

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Homes for sale near 5438 40th St

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Off Market Homes Near 5438 40th St

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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.