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$200,000

2014 40th Street, Lubbock, TX, 79412

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths2 Bath
Baths2,462 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$81.23 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal

Exterior

Exterior FeaturesNone
Lot Size7,950 sqft

Building Information

Year Built1953
Roof Type105

Land Information

APNR118131
Lot Number14
SubdivisionMathis
Land UseResidential
Legal DescriptionMATHIS BLK 3 L 14
Census Tract002302
Assessed Land Value$20,000
Assessed Improvement Value$150,734
Assessment Year2025

About this property

Two Homes, One Property — Turnkey Investment or Multi-Gen Living! -This unique property delivers exceptional value with a fully renovated 3-bed/1-bath main home (1,912 sq ft) currently leased month-to-month at $1,100/month. Thoughtfully updated top to bottom, the main house features fresh interior paint, new fixtures, custom cabinetry, granite countertops, and a stunning new bathroom with a double vanity. Major systems are fairly new— HVAC, windows, and the roof give you peace of mind for years to come. -It doesn't stop there! — a fully registered, separately metered 2-bed/1-bath guest house in good shape (550 sq ft)! Guest house previously generated $700/month in rental income, and has a dedicated outbuilding with washer/dryer hookups and additional storage. -Whether you're an investor looking for a solid multi-unit property or a buyer who wants space for family, this property checks every box. Schedule your private tour today.

Investor Tools

Property Icon
$170,734
Estimated Property Value
$0Estimated Mortgage Balance
$170,734Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Sol Carver

Aycock Realty Group, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,196
$170,734
2025
$20,000
$150,734
$170,734
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,196
$170,734

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$170,734
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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