2506 40th St

1,041 Sq. Ft.
$132 / Sq. Ft.
1,041
Sq. Ft.
$132
per Sq. Ft.

Description

Immediate cash flow opportunity now on market. 2 unit residential income property with tenants in place through summer 2026. Main unit is a 2 bedroom 1 bathroom home, and efficiency unit is a 1 bedroom, 1 bathroom. Total rent is $1,600 according to current lease agreements.Immediate cash flow opportunity now on market. 2 unit residential income property with tenants in place through summer 2026. Main unit is a 2 bedroom 1 bathroom home, and efficiency unit is a 1 bedroom, 1 bathroom. Total rent is $1,600 according to current lease agreements.
  1. Listed by Mike Hagler • TREC #0827224 • Brick & Loft Realty
    P: (806)-329-8806 C: (806)-329-8806 mike.hagler@blrlbk.com

Amenities

  • Air Conditioning
  • Ceiling Fan
  • Driveway
  • Street Parking
  • Vinyl Floors
LISTING UPDATED: 07/11/2026 05:55 PM

Property Details for 2506 40th Street

StatusActive
MLS #202609491
Days on MarketListed Today
Taxes$510 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1950
Lot Size0.18 AC / 7,950 SF
CountyLubbock County

Location

Listing Courtesy of Brick & Loft Realty
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Building Information for 2506 40th Street

Stories-Residences2Year Built1950Building Size-Lot Size0.18 AC / 7,950 SF

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Principal and Interest

$683

Property Taxes

$43

HOA Dues

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Property Information for 2506 40th Street

Summary
Location and General Information
  • Directions: GPS will take you to the property
  • MLS Area Major: 3
  • Latitude: 33.558111
  • Longitude: -101.871013
  • MLS Area Minor: 3
  • Unparsed First Line Address: 2506 40th Street
Taxes and HOA
  • Association Fee: $0
  • Tax Legal Description: Badley Blk 2 L 8
Parking
  • Attached Garage: No
Property
Lot Information
  • Above Grade Finished Area: 1041.0
  • Above Grade Finished Area Source: Public Records
  • Living Area Source: Public Records
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 7950.0
  • Lot Size Acres: 0.18
  • Building Area Total: 1041.0
  • Lot Size Area: 0.18
  • Lot Size Units: Acres
Property and Assessments
  • New Construction: No
  • Parcel Number: R125837
  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub Type: Multi Family
Interior and Exterior Features
Exterior Features
  • Property Attached: No
Interior Features
  • Total Bathrooms Source: MLS
  • Baths Total: 2.0
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Notational: 2.0
  • Cooling: Yes
  • Heating: Yes
Multi Family
Income & Expenses
  • Gross Income: $18,000
Agent
Sale and Listing
  • Sold Exclusive: No
  • Listing Number: 202609491
  • Current Price: $137,000.00
  • Property Class: MultiFamily

Property History for 2506 40th Street

DateEvent & SourcePriceAppreciation
Jul 11, 2026

Listed (Active)

LARMLS #202609491

$137,000
Oct 17, 2025

Sold

LARMLS #202559596

Oct 3, 2025

Pending

LARMLS #202559596

DateEvent & SourcePrice
07/11/2026

Listed (Active)

LARMLS #202609491

$137,000
10/17/2025

Sold

LARMLS #202559596

10/03/2025

Pending

LARMLS #202559596

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2506 40th Street

Taxable ValueLand$21,500Additions$70,307Total$91,807
Tax Record2025$1,624 ($135 / month)
Home Facts
Beds2Total Finished SqFt1,041 SqFtAbove Grade Finished SqFt1,041 SqFtLot Size7,950 SqFtStyleSingle Family ResidenceYear Built1950Zoning0038CountyLUBBOCKAPNR125837

Schools near 2506 40th Street

This home is within Lubbock Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Wheelock Elementary School
PublicPK to 5

Slaton Middle School
Public6 to 8

Monterey High School
Public9 to 12

Brown Elementary School (PK-1)
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

2506 40th Street is a multi-family home for sale in Lubbock, TX 79413. This property was listed for sale on July 11, 2026 by Brick & Loft Realty, it's currently listed at $137,000. It has been on the market for a total of 0 days and was last sold on October 17, 2025. This listing's school district is Lubbock Independent School District. Nearby schools include Wheelock Elementary School, Slaton Middle School and Monterey High School. 2506 40th Street is a 3-bed, 2-bath, 1,041 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brick & Loft Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.