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4204 40th Street, Lubbock, TX 79413

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For Sale
Sale Pending

$255,000

5 beds • 3 baths • 4,248 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $60.03
    Price per square foot

  • Over 50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

**4,200+ SF Income Property Priced $61K Below Tax Value** Turn-key cash flow with an established, long-term business tenant (sober living facility) already in place and renting at the true 1% rule. Tenants have expressed a desire to remain and continue renewing, offering dependable, contracted income from Day 1. Three thoughtful additions expand the original footprint to over 4,200 sq ft, creating flexible spaces ideal for a home-based business or versatile live-work layout (buyer to verify permitted uses). Inside and out, you'll find ample storage, plus multiple over-sized rooms that function as offices, meeting areas, or secondary living spaces. The brick exterior and practical design support low-maintenance ownership, while the significant discount $61,000 under tax value adds built-in equity and room for future improvements. Showings by appointment with appropriate notice to respect the occupants. If you're an investor seeking steady returns with a unique, high-square-footage asset, this one checks the boxes.
MLS# 202559560

Courtesy Of Keller Williams Realty

(806) 771-7710

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    New Traditional
  • Exterior Type
    Brick
  • Fireplace
    Fireplace
  • Lot Size
    0.37 Acres

Map and Directions

Directions to 4204 40th Street, Lubbock, TX 79413

Home seller CENTURY 21 Kearney & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Kearney & Associates

(806) 783-0020
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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