Lubbock Duplex Investment
5543 Itasca Street Lubbock, TX 79416
5543 Itasca Street, Lubbock, TX, 79416
$373,000
Pending
For Sale
$373,000
Pending
MULTI_FAMILY - Lubbock, TX
Property Size3,054 SF
Lot Size0.17 Acres
Days on Market83
Property Features for 5543 Itasca Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
- Parking features
- On Street, Garage
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
- Standard status
- Pending
- APN
- R337343
- Size
- 3,054 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Lincoln 16 L 146
- Tax Annual Amount
- 6461
Utilities
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 2022
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty
(806) 771-7710
10210 Quaker Ave, Lubbock, TX
Listed by
Han Li · License #0739511
(864) 353-9731
Added: Apr 30 Updated: Jul 15 at 10:11 am Checked: Jul 21 at 12:06 am
MLS# 202605807
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex in Lubbock, TX, presents a valuable opportunity for investors at any stage. The property features a bright and spacious layout in each unit, suitable for comfortable living or rental income. The property size is 3054 square feet, situated on a lot of 0.17 acres.
Key Highlights
- Duplex built in 2022 with brick construction and a composition roof
- Central heat with central air conditioning plus ceiling fan(s) throughout
- Vinyl flooring and ceiling fan(s) in interior spaces
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $39.4k | $12.90 |
| − OpEx | −$11.8k | −$3.87 |
| NOI | $27.6k | $9.03 |
3,054 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.1K
$344.8K – $459.7K
NOI $27,584 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$769.9K
$673.7K – $898.3K
NOI $53,895 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex in Lubbock, TX, ideal for investors.
Where is this duplex located?
The property is located at 5543 Itasca Street Lubbock, TX.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Duplex built in 2022 with brick construction and a composition roof; Central heat with central air conditioning plus ceiling fan(s) throughout; Vinyl flooring and ceiling fan(s) in interior spaces
