About This Home

This 2-bedroom, 2-bathroom multi-family at 714 29th Street in Lubbock, TX is listed for $115,000 ($109 per sqft). Built in 1962, the home offers 1,056 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1962
  • 0.29 acre lot
  • 2 stories

Property Details

2 stories
2 full
1962

Amenities

A/C
Listing Description

Exceptional Investment Opportunity with Future Development Potential! Don't miss this income-producing duplex situated on an expansive 12,000 sq. ft. lot offering both immediate cash flow and exciting future possibilities. Each of the two 1-bedroom, 1-bath units is currently tenant-occupied with leases in place through Spring 2027, providing stable rental income from day one.

The property has been refreshed with recent interior paint and updated flooring, and appliances are included, making this a turnkey investment for your portfolio. What truly sets this property apart is its zoning, which allows for up to four residential units (buyer to verify with local planning authorities).

With the potential to add two additional units, investors have an opportunity to increase rental income and maximise the property's long-term value. Ideally located within walking distance of local businesses, shopping, restaurants, gas stations, and employment centers, the property offers the convenience today's renters are looking for.

Quick freeway access makes commuting simple and further enhances its rental appeal. Whether you're seeking dependable rental income today or exploring future expansion opportunities, this property offers a rare combination of cash flow, location, and development potential. Schedule your showing and discover the possibilities this exceptional investment has to offer.

Monthly Cost Estimate

$615/mo

20% down · 6.5% · 30 years

Principal$83
Interest$498
Insurance$34

Estimates only. Actual payments may vary.

Location

714 29th Street

Lubbock, TX 79404

Property Details

Flooring

PlankLaminate

Construction

Stucco

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)Window Unit(s)

Appliances

Gas RangeMicrowaveRefrigerator

Questions & Answers

This 2-bedroom, 2-bathroom multi-family at 714 29th Street is listed at $115,000 ($109/sqft). The estimated monthly payment is $616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962, 0.29 acre lot, 2 stories.

This property is listed by Lisa Ashmore.

LA

Lisa Ashmore

License 0729693

Agent at Aycock Realty Group, LLC

Listed by Aycock Realty Group, LLC · Broker phone: 8067785956 · View on Broker Site

MLS# 202610975· Source: Lubbock Association of Realtors· 86 days on PropertySimple

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.

714 29th Street, Lubbock, TX 79404

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