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5508 Itasca St, Lubbock, TX, 79416

6beds
6baths
3,079sqft
$385,000
$125price/sqft
$3,284/moest. monthly cost
$131,360/yrincome needed

About This Home

This duplex is ready for a new owner! Whether you are a seasoned investor looking to add to your portfolio or someone looking to start an investment portfolio, this home could be for you! The bright and spacious interior make it a great place to live or rent out. Please note the pictures show Unit A when it was vacant. Unit B looks the same.

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

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave

Bedrooms & Bathrooms

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

Features

  • Finished area above ground: 3,079

Heating & Cooling

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

Interior Area

  • Total structure area: 3,079
  • Total interior livable area: 3,079 sqft

Property

Details

  • Parcel number: R337367
  • Special condition: Standard

Features

  • Fencing: Fenced

Lot

  • Lot size: 7,405 sqft
  • Features: Sprinklers In Rear

Parking

  • Total spaces: 4
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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 $1,946$23,352
Home Insurance *$458$5,496
Property Taxes $542$6,504
Electricity $338$4,057
Total$3,284$39,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$112,594/yr
40% on housing$98,520/yr
45% on housing$87,573/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

$125This 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
2026-04-14Listed for sale$385,000
2026-04-11Listing removed$385,000
2025-11-10Listing removed$1,550
2025-09-05Listed for rent$1,550
2025-05-02Listed for sale$385,000
2024-02-02Listing removed--
2023-08-05Price change$1,550
2023-06-21Price change$1,650
2023-05-30Listed for rent$1,550

For Sale by Agent

AgentHan Li
BrokerageKeller Williams Realty

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