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5506 Itasca St, Lubbock, TX, 79416

6beds
6baths
3,054sqft
$375,000
$123price/sqft
$3,205/moest. monthly cost
$128,200/yrincome needed

About This Home

Welcome to this 6-bedroom, 6-bath duplex, built in 2021, that is located in the desirable Northwest neighborhood of Lubbock. Unit B is rented out until July 31st, 2026, and Unit A is currently vacant, rent is $1,500 per month. This duplex is a great opportunity for investors, or a single family. Approximately 3,054 sq. ft. of modern living space, this duplex combines sleek design with functional comfort. Stepping inside to find a light-filled open-plan living area with vinyl flooring throughout, and a gourmet kitchen equipped with granite countertops and stainless-steel appliances. A very convenient attached two-car garage per unit, perfect for storage and off-street parking. Located just minutes from Texas Tech University, major shopping centers, and the medical district. Disclaimer that the pictures listed are pictures from 5508 Itasca, the inside of both duplexes are the same. These pictures are virtually staged. Please only show unit A!

Getting Around

7
WalkingCar-Dependent
10
TransitMinimal Transit
26
BikeSomewhat Bikeable

Schools

4/10
2/10
Mackenzie Middle SchoolGrades 6-81.7 mi
4/10
Coronado High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 2021

Materials

  • Roof: Composition
  • Construction materials: Brick Veneer,Concrete

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Stainless Steel Appliance(s)
  • Laundry features: Laundry Room,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Ceiling Fan(s),Granite Counters,Kitchen Island,Storage,Walk-In Closet(s)
  • Flooring: Vinyl
  • Finished area above ground: 3,054

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,054
  • Total interior livable area: 3,054 sqft

Property

Details

  • Parcel number: R337366
  • Special condition: Standard

Features

  • Patio & porch: Covered,Rear Porch
  • Exterior features: Private Yard
  • Fencing: Fenced,Wood

Lot

  • Lot size: 7,405 sqft

Parking

  • Total spaces: 4
  • Parking features: Additional Parking,Alley Access,Attached,Concrete,Driveway,Garage,Garage Faces Front,Shared Driveway
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
Strong Wind
Winter Weather
Drought
Ice Storm
Lightning

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,896$22,752
Home Insurance *$446$5,352
Property Taxes $528$6,336
Electricity $335$4,024
Total$3,205$38,460
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,885/yr
40% on housing$96,150/yr
45% on housing$85,466/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.1%
6.1%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$123This listing

vs Other Active Listings

Avg $/sqft

ZIP 79416$101
Lubbock County$122

vs Homes Sold Last Month

Median $/sqft

ZIP 79416$145
Lubbock County$143

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-07Price change$375,000
2025-10-31Listed for sale$380,000
2023-10-27Listing removed--
2023-09-14Listed for rent$1,550
2023-07-18Listing removed--
2023-06-21Price change$1,650
2023-05-30Listed for rent$1,550
2021-03-18Listing removed--
2021-02-26Listing removed--
2021-02-23Listed for sale$380,000

For Sale by Agent

AgentHan Li
BrokerageKeller Williams Realty

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