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Lubbock Multifamily Investment Opportunity

1510 29th Place, Lubbock, TX 79411

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For Sale

$525,000

MULTI_FAMILY - Lubbock, TX

Property size:

6,630 SF

Lot size:

0.48 Acres

Price / SF:

$79/SF

HighLights

8‑unit multifamily property with all units featuring 2‑bedroom, 1‑bath floor plans
Market rents for similar 2 bed/1 bath units noted at $750–$875 per month
Potential gross income of approximately $7,000/month when fully optimized (as stated)
Central Lubbock location near 34th Street & Avenue Q for convenient access to major employers and education centers
Only 6 minutes from Texas Tech University (as stated)
Public sewer; roof is composition; built in 1960 (as provided)

We can help!

Listing Contact

Tomas Rodriguez

For Sale

$525,000

MULTI_FAMILY - Lubbock, TX

Property size:

6,630 SF

Lot size:

0.48 Acres

Price / SF:

$79/SF

Added:: Mar 9, 2026
Days on Market:: 104
Last Refresh:: Jun 20 at 12:06 pm

Property Features for 1510 29th Place

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 16
Bathrooms: 8
Rooms: Bedroom 10, Bedroom 11, Bathroom 6, Bedroom 15, Bedroom 1, Bathroom 8, Bedroom 14, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 12, Bedroom 6, Bathroom 1, Bathroom 7, Bedroom 13, Bedroom 2, Bedroom 7, Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 16, Bedroom 8
Parking features: Parking Lot, Driveway
Standard status: Active
APN: R57890
Size: 6,630 SF
Lot size: 0.48 Acres

Taxes and HOA fees

Tax Description: ROBINSON JIM BLK 8 L 20 & 21
Tax Annual Amount: 2760

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating)
Cooling system: Wall/Window Unit(s), Window Unit(s)

Building Details

Year built: 1960
Floors in Building: 1
Roof type: Composition

We can help!

Listing Contact

Tomas Rodriguez

Listing agent Tomas Rodriguez License #0787075

Listing office Southern Magnolia Real Estate 3204 140th St, Lubbock, TX

Listing date Mar 9, 2026

MLS# 202603063 Listing URL

Copyright © 2026 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.

HighLights

8‑unit multifamily property with all units featuring 2‑bedroom, 1‑bath floor plans
Market rents for similar 2 bed/1 bath units noted at $750–$875 per month
Potential gross income of approximately $7,000/month when fully optimized (as stated)
Central Lubbock location near 34th Street & Avenue Q for convenient access to major employers and education centers
Only 6 minutes from Texas Tech University (as stated)
Public sewer; roof is composition; built in 1960 (as provided)

Overview

This 8-unit multifamily community is located in a centrally located Lubbock neighborhood near 34th Street & Avenue Q. Each unit features a 2-bedroom, 1-bath floor plan. The property is located minutes from major employment and education centers, including Texas Tech University (6 minutes), University Medical Center (10 minutes), and Leprino Foods Company (10 minutes). The property has value-add potential through capital improvements. The property is an excellent opportunity to acquire an 8-unit multifamily community. The property is situated on a lot of 0.48 acres and the building size is 6,630 square feet. The property is intended for use as a residential income property.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Lubbock
County: Lubbock
State: Texas
Longitude: -101.851715
Latitude: 33.56781

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For sale
Apartment buildings
TX
Lubbock
79411
1510 29th Place

What type of property is this?

Apartment building - 8-unit multifamily property in central Lubbock near major employers.

Where is this apartment building located?

The property is located at 1510 29th Place Lubbock, TX.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 8‑unit multifamily property with all units featuring 2‑bedroom, 1‑bath floor plans; Market rents for similar 2 bed/1 bath units noted at $750–$875 per month; Potential gross income of approximately $7,000/month when fully optimized (as stated)

1510 29th Place, Lubbock, TX 79411

MULTI_FAMILY - Lubbock, TX

Property Features for 1510 29th Place

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office Building with 2025 Build

Lubbock Commercial Suites For Sale

Fully Leased Office Suite

Lubbock Commercial Opportunity on Upland

Versatile Commercial Space in Lubbock

Metal Flex Building with Fenced Yard

Lubbock Office Investment Opportunity

Well-Appointed Office Building in Lubbock

Climate-Controlled Warehouse with Offices

Storefront Building in Shopping Center

Multi-Office Building with Garage

Flex Warehouse with Office Buildout

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