706 29th St Lubbock, TX 79404
Slaton-Bean NeighborhoodEstimated payment $414/month
About This Home
Part of an Investor-friendly 8-property portfolio offering strong occupancy with significant rent-growth and cosmetic value-add potential. All homes are tenant-occupied with consistent rental history but would benefit from light updates to push rents to current market rates. Ideal for BRRRR investors or portfolio builders seeking stabilized cash flow with clear upside. Properties include a mix of 2-3 bedroom homes located in accessible rental areas. Opportunity to reposition these units with minor repairs, improved tenant placement, and rent optimization. Portfolio to be sold only as a group—no individual property sales. Current rents, pro-forma, and financials available upon request.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 6,250 Sq Ft Lot
Parking
- Driveway
Home Design
- 1,164 Sq Ft Home
- Composition Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Cooling Available
- Heating Available
Community Details
- Gross Income $9,000
- Net Operating Income $5,291
Listing and Financial Details
- Assessor Parcel Number R87714
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,278 | $74,479 | $21,000 | $53,479 |
| 2024 | $13 | $100,124 | $21,000 | $79,124 |
| 2023 | $1,091 | $80,124 | $1,000 | $79,124 |
| 2022 | $1,580 | $78,056 | $1,000 | $77,056 |
| 2021 | $537 | $25,065 | $1,000 | $24,065 |
| 2020 | $652 | $29,994 | $1,000 | $28,994 |
| 2019 | $582 | $25,917 | $1,000 | $24,917 |
| 2018 | $583 | $25,917 | $1,000 | $24,917 |
| 2017 | $583 | $25,917 | $1,000 | $24,917 |
| 2016 | $583 | $25,917 | $1,000 | $24,917 |
| 2015 | $576 | $25,894 | $1,000 | $24,894 |
| 2014 | $576 | $25,894 | $1,000 | $24,894 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2025 12/03/25 | Price Changed | $59,000 | -21.3% | $51 / Sq Ft |
| 12/02/2025 12/02/25 | Price Changed | $75,000 | -5.1% | $64 / Sq Ft |
| 10/18/2025 10/18/25 | For Sale | $79,000 | -- | $68 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | Service Title Company | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $23,400 | Purchase Money Mortgage |
Source: Lubbock Association of REALTORS®
MLS Number: 202561994
APN: R87714
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