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Days15Days on Market
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$370,000

5523 Itasca Street, Lubbock, TX, 79416

$372,776 ARVInfo
On MarketInfo
Beds6 Beds
Baths6 Bath
Baths2,842 Sq Ft
DuplexDuplex
price_per_sqft$130.19 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,358 sqft

Building Information

Year Built2021
Roof Type105
Garage Spaces2

Land Information

APNR337353
Lot Number1560
SubdivisionLincoln 16
Land UseResidential
Legal DescriptionLINCOLN 16 L 156
Census Tract000409
Assessed Land Value$51,506
Assessed Improvement Value$294,486
Assessment Year2025

About this property

Prime Lincoln 16 Duplex - Fully Leased! Each of the two units features 3 bedrooms, 3 bathrooms and a 2 car garage. Seize this rare opportunity to own two highly desirable, income-generating units. Live in one and lease the other, or lease both for unmatched cash flow. Don't miss out on this unbeatable opportunity!

Investor Tools

Property Icon
$345,992
Estimated Property Value
$0Estimated Mortgage Balance
$130,049Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$372,775
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

Interested in this property?

Amy Cox

ALL Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$718/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,889
$345,992
2025
$51,506
$294,486
$345,992
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,889
$345,992

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Promiseone Bank
Arm (Adjustable Rate Mortgage)
$234,000
No
First
Nov 19, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,943
$130,049
37%
62%
$1,203/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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5523 Itasca Street, Lubbock, TX 79416 | Property Details | No Agent List