Lubbock Duplex Investment
For Sale
$373,000
Pending
5543 Itasca Street, Lubbock, TX 79416
MULTI_FAMILY - Lubbock, TX
Property Size3,054 SF
Lot Size0.17 Acres
Days on Market95
Property Features for 5543 Itasca Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 5, Bedroom 5, Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 6
Parking features
Garage, On Street
Interior features
Ceiling Fan(s)
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
Elementary school district
Lubbock ISD
Middle school district
Lubbock ISD
High school district
Lubbock ISD
Subdivision
8
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
Legal Description
Lincoln 16 L 146
Utilities
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2022
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Han Li · License #0739511
(864) 353-9731
Added: Apr 30
Changed: Jul 29
Last Checked: Aug 2 at 10:06AM
MLS# 202605807
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
