Well-Maintained Duplex
1011 Preston Trails Wolfforth, TX 79382
For Sale
$325,000
MULTI_FAMILY - Wolfforth, TX
Property Size2,800 SF
Lot Size0.15 Acres
Price / SF$116.07
Days on Market16
Property Features for 1011 Preston Trails
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
- Parking features
- Driveway, Open, Garage
- Window features
- Blinds, Screens
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Double Vanity, Granite Counters, Primary Downstairs
- Exterior features
- Private Yard
- Appliances
- Electric Oven, Electric Range, Microwave
- Standard status
- Active
- APN
- R325459
- Size
- 2,800 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Preston Trails L 6
- Tax Annual Amount
- 6657
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Beth Wylie · License #0777416
(405) 435-1534
Added: Jul 9
Changed: Jul 18
Last Checked: Jul 24 at 7:06PM
MLS# 202609493
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 duplex includes two separate residential units, with each side offering three bedrooms and two bathrooms. Both homes feature vinyl flooring and front yards designed for xeriscape landscaping, with fenced back yards for added outdoor privacy. The property is described as very well maintained.
The address is 1011 Preston Trails in Wolfforth, Texas, in Lubbock County. Public remarks note the duplex is located near Preston Manor and a new United store in Wolfforth.
With two mirrored layouts in place, the property provides a straightforward duplex configuration for rental use, supported by the listing’s statement that both sides are occupied by tenants.
The address is 1011 Preston Trails in Wolfforth, Texas, in Lubbock County. Public remarks note the duplex is located near Preston Manor and a new United store in Wolfforth.
With two mirrored layouts in place, the property provides a straightforward duplex configuration for rental use, supported by the listing’s statement that both sides are occupied by tenants.
Key Highlights
- 2022‑built brick duplex with each side offering 3 bedrooms and 2 bathrooms
- Central heating (natural gas) and central air for comfortable year‑round living
- Interior highlights include granite counters, double vanity, and primary bedroom downstairs
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 | $38.6k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.1k | $12.90 |
| − OpEx | −$10.8k | −$3.87 |
| NOI | $25.3k | $9.03 |
2,800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,708 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$705.9K
$617.7K – $823.5K
NOI $49,412 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Duplex for sale with two 3-bedroom, 2-bath units featuring vinyl flooring, xeriscape front yards, and fenced back yards.
Where is this duplex located?
The property is located at 1011 Preston Trails Wolfforth, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2022‑built brick duplex with each side offering 3 bedrooms and 2 bathrooms; Central heating (natural gas) and central air for comfortable year‑round living; Interior highlights include granite counters, double vanity, and primary bedroom downstairs
