TX
Lubbock
Lubbock
79413
2506 40th Street
2506 40th Street, Lubbock, TX 79413
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Listing Type
Multi Family
Listing Status
pending
36
$137,000

Home Details for 2506 40th Street

Price
$137,000
Type
Residential Income
Bedrooms
3
Bathrooms
2.0
Square feet
1041
Year built
1950
Lot size acres
0.1825
County
Lubbock
Garage
Days on site
47
MLS Listing#
202559596
Property Description

Welcome to 2506 40th Street, a versatile income-producing property in the heart of Lubbock! This gem features a 2 bed / 1 bath main house PLUS an efficiency apartment on the west side, giving you two rentable units on one lot.  Steady Cash Flow Locked In - Both units are leased through July 2026, with the main house bringing in $1,000/mo and the efficiency unit at $500/mo. That's $1,500/month guaranteed income from day one!  Shared Backyard Space - Tenants enjoy a private, fenced backyard perfect for pets, BBQs, and downtime.  Central Location - Quick access to Texas Tech, hospitals, and all the shopping/dining Lubbock has to offer, making this a high-demand rental year after year.  Whether you're looking to expand your portfolio or snag your first investment property, this one checks every box: Dual income streams Leases in place until mid-2026 Prime central Lubbock location  Don't wait — properties like this move fast. Schedule your showing today and lock in your next investment win!

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Other
  • Parking
    • Driveway
    • On Street
  • Heating Information
    • Other
Listing Courtesy: Wise Cardinal Realty - 806-782-5303
Presented by: Justin Waddell
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lubbock Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than {{BROKERAGE}}, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Lubbock Association of REALTORS®. All Rights Reserved.
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EXIT REALTY OF LUBBOCK
2405 W. Loop 289 Suite 100, Lubbock, TX 79407
Dan Schwertner
Sales Representative
Office
806 771 3900
Agent
575 302 4462
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