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Listed price in listed location currency (USD).
$525,000

1680

MLS® 202603063

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6630 sqft
Garage No
Taxes $2,760
Days Active 1
Lot Size 0.48 acres
Approx. Age 1960
Avg. Price Per Sqft $79
MLS® Number 202603063

Property Address: 1510 29th Pl, Lubbock, TX, 79411-2429

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number202603063
Laundry Level
Central VacNo
FireplaceNo
Acreage0.48
Exterior
GarageNo
Approx. Age1960
Basement
DrivewayShared Driveway, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
1510 29 Th Pl, Lubbock, TX

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