1510 29th Place, Lubbock, TX 79411
Local realty services provided by:CENTURY 21 Kearney & Associates
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 facility This proximity supports steady rental demand from students, medical professionals, and local workforce tenants. Investment Highlights 8 total units All units: 2 bedroom / 1 bathroom Strong rental demand area Value-add potential through capital improvements Market rents: $750-$875 per unit Potential gross income: $7,000/month Central location with quick access to major employers Whether you're looking to expand your rental portfolio or secure a value-add multifamily asset, this property offers both stable cash flow potential and upside through improved rents....
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Home facts
- Year built:1960
- Listing ID #:202603063
- Added:51 day(s) ago
- Updated:April 30, 2026 at 02:46 PM
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
Parking
- Parking description:Parking Lot
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