Duplex with Remodeled Rear
For Sale
$279,000
3302 29th Street, Lubbock, TX 79410
Residential Income, Lubbock, TX
Property Size1,969 SF
Lot Size0.18 Acres
Price / SF$141.70
Days on Market88
Property Features for 3302 29th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Interior features
Bookcases, Ceiling Fan(s)
Exterior features
Private Yard
Fencing
Privacy
Appliances
Dishwasher, Electric Cooktop, Electric Oven
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
3
Standard status
Active
APN
R79678
Size
1,969 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Westridge Blk 11 L 20
Tax Annual Amount
3220
Legal Description
Westridge Blk 11 L 20
Utilities
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1949
Number of units
2
Flooring type
Hardwood, Vinyl, Plank
Building materials
Vinyl Siding
Roof type
Composition
Additional Structures
Residence
Listing Agency:
Real Broker, LLC
Listed By:
Doug Duncan · License #0563978
(806) 577-5595
Added: Jul 27
Changed: Oct 9
Last Checked: Oct 22 at 1:06AM
MLS# 202610400
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.
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Investment Insights
Based on property information with market context.
This duplex property contains two separate residences totaling 1,969 square feet. The front residence provides 2 bedrooms and 1 bathroom across 1,449 square feet, with original hardwood flooring and built-in bookcases. A remodeled rear unit adds 520 square feet with 1 bedroom and 1 bathroom, along with updated finishes and plank or vinyl flooring.
Both residences are leased through May 2027. The 0.18-acre property includes a private yard, privacy fencing, a porch, driveway parking, and additional off-street parking. Central heating and central air serve the property, with ceiling fans also listed among the interior and cooling features. Additional improvements include vinyl siding, a composition roof, a dishwasher, an electric cooktop, and an electric oven.
Both residences are leased through May 2027. The 0.18-acre property includes a private yard, privacy fencing, a porch, driveway parking, and additional off-street parking. Central heating and central air serve the property, with ceiling fans also listed among the interior and cooling features. Additional improvements include vinyl siding, a composition roof, a dishwasher, an electric cooktop, and an electric oven.
Key Highlights
- Two residences totaling 1,969 square feet
- Front residence offers 2 bedrooms, 1 bathroom, and 1,449 square feet
- Remodeled rear unit includes 1 bedroom, 1 bathroom, and 520 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,784
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,680
$355.7K
Cap Rate 7%
$254,057
$254.1K
Cap Rate 9%
$197,600
$197.6K
Market Conditions
NOI Build-Up for 1,969 SF
Gross rent
$27.2K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$25.4K $12.90/SF
− OpEx
−$7.6K −$3.87/SF
NOI
$17.8K $9.03/SF
Area
Lubbock, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,680
Cap Rate 7%
$254,057
Cap Rate 9%
$197,600
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.3K – $296.4K
NOI $17,784 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,968 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$496.4K
$434.3K – $579.1K
NOI $34,747 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 79410, TX
8,615
Population
4,736
Households
1.8
Avg Household Size
29
Median Age
47%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
3,590
Density / Sq Mi
$48,350
Median Household Income
$29,637
Median Earnings
$1,315
Median Rent
$211,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences occupy a private fenced lot with driveway and off-street parking.
Where is this duplex located?
The property is located at 3302 29th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two residences totaling 1,969 square feet; Front residence offers 2 bedrooms, 1 bathroom, and 1,449 square feet; Remodeled rear unit includes 1 bedroom, 1 bathroom, and 520 square feet
