1510 29th Pl

Lubbock, TX 79411

$525,000
Price
16
Beds
6,630 Sq. Ft.
$79 / Sq. Ft.
6,630
Sq. Ft.
$79
per Sq. Ft.
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a front view of a building
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a view of an empty room
a view of empty room
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a bathroom with a toilet sink and mirror
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an empty room with wooden floor and windows
a view of a kitchen with wooden floor

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...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.
  1. Listed by Tomas Rodriguez • TREC #0787075 • Southern Magnolia Real Estate
    P: (361)-816-3661 C: (361)-816-3661 running.trod@gmail.com

Amenities

  • Air Conditioning
  • Electric Heat
  • Fireplace
  • Range
  • Window AC Installed
LISTING UPDATED: 03/10/2026 07:20 PM

Property Details for 1510 29th Place

StatusActive
MLS #202603063
Days on Market73
Taxes$2,760 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1960
Lot Size0.48 AC / 20,800 SF
CountyLubbock County
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Location

Listing Courtesy of Southern Magnolia Real Estate
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Building Information for 1510 29th Place

Stories-Residences-Year Built1960Building Size-Lot Size0.48 AC / 20,800 SF

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$2,846 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,616

Property Taxes

$230

HOA Dues

$0

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Property Information for 1510 29th Place

Summary
Location and General Information
  • MLS Area Major: 2
  • Latitude: 33.56781
  • Longitude: -101.851715
  • MLS Area Minor: 2
  • Unparsed First Line Address: 1510 29th Place
Taxes and HOA
  • Additional Parcels: Yes
  • Association Fee: $0
  • Tax Legal Description: ROBINSON JIM BLK 8 L 20 & 21
School Information
  • Elementary School: Bean
  • High School: Estacado
  • Middle Or Junior School: Dunbar College Preparatory Academy
  • District High School: Lubbock ISD
Parking
  • Attached Garage: No
Property
Lot Information
  • Above Grade Finished Area: 6630.0
  • Above Grade Finished Area Source: Public Records
  • Living Area Source: Public Records
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 20800.0
  • Lot Size Acres: 0.48
  • Building Area Total: 6630.0
  • Lot Size Area: 0.48
  • Lot Size Units: Acres
Property and Assessments
  • New Construction: No
  • Parcel Number: R57890
  • Property Type: Residential Income
  • Year Built: 1960
  • Property Sub Type: Multi Family
Interior and Exterior Features
Interior Features
  • Total Bathrooms Source: MLS
  • Baths Total: 8.0
  • Bathrooms Total Integer: 8
  • Bathrooms Total Decimal: 8.0
  • Bathrooms Total Notational: 8.0
  • Cooling: Yes
  • Heating: Yes
Agent
Sale and Listing
  • Sold Exclusive: No
  • Listing Number: 202603063
  • Current Price: $525,000.00
  • Property Class: MultiFamily
Showing and Remarks
  • Start Showing Date: 03-09-2026

Property History for 1510 29th Place

DateEvent & SourcePriceAppreciation
Mar 9, 2026

Listed (Active)

LARMLS #202603063

$525,000—
DateEvent & SourcePrice
03/09/2026

Listed (Active)

LARMLS #202603063

$525,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1510 29th Place

Taxable ValueLand$1,600Additions$192,548Total$194,148
Tax Record2025$2,760 ($230 / month)
Home Facts
Total Finished SqFt3,315 SqFtAbove Grade Finished SqFt3,315 SqFtLot Size10,400 SqFtStyleDuplexYear Built1960CountyLUBBOCKAPNR57890

Schools near 1510 29th Place

This home is within Lubbock Independent School District.
Rating
School
Type
Grades
Distance
Bean Elementary School
Public - 3 to 5
Slaton Middle School
Public - 6 to 8
Monterey High School
Public - 9 to 12
Bean Elementary School (PK-K)
Public - PK to 2
Rating
School
Distance
Bean Elementary School
Public3 to 5

Slaton Middle School
Public6 to 8

Monterey High School
Public9 to 12

Bean Elementary School (PK-K)
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1510 29th Place, Lubbock, TX 79411

1510 29th Place is a multi-family home for sale in Lubbock, TX 79411. This property was listed for sale on March 10, 2026 by Southern Magnolia Real Estate, it's currently listed at $525,000. This listing's school district is Lubbock Independent School District. Nearby schools include Bean Elementary School, Slaton Middle School and Monterey High School. 1510 29th Place is a 16-bed, 8-bath, 6,630 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Southern Magnolia Real Estate

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.