Tenant-Occupied
714 29th Street, Lubbock, TX 79404
For Sale
$115,000
Residential Income, Lubbock, TX
Property Size1,056 SF
Lot Size0.29 Acres
Price / SF$108.90
Days on Market98
Property Features for 714 29th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Elementary school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Lisa Ashmore · License TX #0729693
(806) 777-3347
Added: Aug 5
Changed: Nov 9
Last Checked: Nov 10 at 8:06PM
MLS# 202610975
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 split-level duplex contains 1,056 square feet and is arranged as two one-bedroom, one-bath residences. Both units are tenant-occupied under leases extending through Spring 2027. Recent interior improvements include new paint and updated plank and laminate flooring, while each unit includes a gas range, microwave, and refrigerator. Wall and window-unit cooling, wall-furnace heating, stucco construction, and a composition roof are among the property’s existing features.
The property sits on a 0.29-acre lot at 714 29th Street in Lubbock, with public water and public sewer service. Local businesses, shopping, restaurants, gas stations, and employment centers are described as within walking distance, and freeway access is nearby. The source information also indicates zoning that may permit up to four residential units, subject to verification with local planning authorities.
The property sits on a 0.29-acre lot at 714 29th Street in Lubbock, with public water and public sewer service. Local businesses, shopping, restaurants, gas stations, and employment centers are described as within walking distance, and freeway access is nearby. The source information also indicates zoning that may permit up to four residential units, subject to verification with local planning authorities.
Key Highlights
- Two 1‑bedroom, 1‑bath units in a 1,056‑square‑foot duplex
- Both residences tenant‑occupied with leases through Spring 2027
- 0.29‑acre lot at 714 29th Street, Lubbock, TX 79404
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,538
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,760
$190.8K
Cap Rate 7%
$136,257
$136.3K
Cap Rate 9%
$105,978
$106.0K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$14.6K $13.80/SF
− Vacancy
−$947 −$0.90/SF
EGI
$13.6K $12.90/SF
− OpEx
−$4.1K −$3.87/SF
NOI
$9.5K $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%
$190,760
Cap Rate 7%
$136,257
Cap Rate 9%
$105,978
Alternative Uses
Best Use
Multifamily LT 5
$136.3K
$119.2K – $159.0K
NOI $9,538 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$122.3K
$107.1K – $142.7K
NOI $8,564 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$266.2K
$232.9K – $310.6K
NOI $18,635 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 79404, TX
9,956
Population
4,289
Households
2.3
Avg Household Size
38
Median Age
13%
College-Educated
73%
High-School Grad
28.5 sq mi
ZIP Area
349
Density / Sq Mi
$48,642
Median Household Income
$30,654
Median Earnings
$958
Median Rent
$86,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lubbock, TX
Properties on Market for Duplexes in Lubbock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased one-bedroom units with refreshed interiors, included appliances, and convenient access to local businesses and commuter routes.
Where is this duplex located?
The property is located at 714 29th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units in a 1,056‑square‑foot duplex; Both residences tenant‑occupied with leases through Spring 2027; 0.29‑acre lot at 714 29th Street, Lubbock, TX 79404
