1510 29th Place, Lubbock, TX 79411

Lubbock
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
1510 29th Place,Lubbock, TX 79411
$525,000
  • 16 Beds
  • 8 Baths
  • 6,630 sq. ft.
  • Multi-family
  • Active
Listed by: tomas rodriguez
Office: southern magnolia real estate
MLS#:202603063
Source:TX_LAR

Price summary

  • Price:$525,000
  • Price per sq. ft.:$79.19

About this home

8-Unit Multifamily Investment Opportunity - Central Lubbock Excellent opportunity to acquire an 8-unit multifamily community in a centrally located Lubbock neighborhood near 34th Street & Avenue Q. Each unit features a 2-bedroom, 1-bath floor plan, making them highly desirable for tenants seeking affordable housing close to major employers and universities. Current neighborhood rents for similar units range from $750-$875 per month, presenting a strong value-add opportunity for investors. With strategic capital improvements and professional management, rents could be positioned toward the upper end of the market, creating a potential gross monthly income of approximately $7,000 when fully optimized. The property benefits from a highly convenient location just minutes from major employment and education centers, including: Only 6 minutes from Texas Tech University About 10 minutes to University Medical Center Roughly 10 minutes to the Leprino Foods Company cheese manufacturing

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Home facts

  • Year built:1960
  • Listing ID #:202603063
  • Added:1 day(s) ago
  • Updated:March 10, 2026 at 11:54 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:6,630 sq. ft.

Heating and cooling

  • Cooling:Wall/window Unit(s)
  • Heating:Electric

Structure and exterior

  • Roof:Composition
  • Year built:1960
  • Building area:6,630 sq. ft.
  • Lot area:0.48 Acres

Schools

  • High school:Estacado
  • Middle school:Dunbar College Preparatory Academy
  • Elementary school:Bean

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$79.19
  • Tax amount:$2,760
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