5523 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 5523 Itasca Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 2
- Parking features
- Garage
- Standard status
- Active
- APN
- R337353
- Size
- 2,842 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Lincoln 16 L 156
- Tax Annual Amount
- 6122
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
- Prime Lincoln 16 duplex with 2 fully leased units
- Each unit has 3 bedrooms and 3 bathrooms
- Each unit includes a 2‑car garage
- Built in 2021
- Brick construction with central heating and central air conditioning
- Composition roof
Overview
The duplex is located at 5523 Itasca Street in Lubbock, Texas (79416) within Lubbock County. The lot size is listed at 0.17 acres and the total property size is 2,842 square feet.
For buyers seeking a residential income property with established occupancy, this asset offers two separate unit spaces within a single duplex footprint. The unit mix is consistent across both sides, which can simplify management and leasing considerations for an owner who plans to reside in one unit while renting the other, or renting both units.
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
- -101.932691
- Latitude
- 33.610416
