5502 Itasca Street, Lubbock, TX 79416
MULTI_FAMILY - Lubbock, TX
- Added:
- Jun 1, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 9 at 12:06 pm
Property Features for 5502 Itasca Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 5, Bedroom 1
- Parking features
- Garage
- Standard status
- Active
- APN
- R337364
- Size
- 2,842 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Lincoln 16 L 167
- Tax Annual Amount
- 6054
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2021
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Amy Cox License #0667992 (806) 543-6095
Listing office ALL Real Estate, LLC 2529 74th Street, Lubbock, TX (806) 543-6095
Listing date Jun 1, 2026
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.
HighLights
- 2021‑built brick duplex with central heating and central air
- Each of the 2 units features 3 bedrooms and 3 bathrooms
- Each unit includes a 2‑car garage
- Composition roof
- Unit layout includes six bedrooms and six bathrooms total across the duplex
Overview
The property is located at 5502 Itasca Street in Lubbock, Texas 79416, within Lubbock County. The lot size is listed at 0.17 acres, with a total building size of 2,842 square feet.
As a residential income property, the unit mix is straightforward: two similar 3-bedroom/3-bath homes within the same duplex. This configuration can appeal to buyers seeking a two-unit setup where each side can be managed as its own residence while keeping the overall asset under one ownership structure. The two-car garage feature per unit is a concrete amenity that can matter for tenant functionality and daily convenience.
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 | $39.2k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.7k | $12.90 |
| − OpEx | −$11.0k | −$3.87 |
| NOI | $25.7k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.931406
- Latitude
- 33.610853
