Duplex Income
1013 Preston Trail 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 1013 Preston Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
- Parking features
- Open, Garage, Driveway
- Window features
- Blinds, Screens
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s)
- Exterior features
- Private Entrance, Private Yard
- Appliances
- Dishwasher, Electric Oven, Electric Range, Microwave
- Standard status
- Active
- APN
- R325460
- Size
- 2,800 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Preston Trails L 7
- Tax Annual Amount
- 6657
Utilities
- Utilities
- Phone Available
- 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# 202609492
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 features two separate 3-bedroom, 2-bath homes, each finished with vinyl flooring throughout and an open-concept design. The property is offered for sale as a residential income opportunity, with both sides managed and maintained as rental units.
The duplex is located near the Preston Manor neighborhood and close to a new United grocery store being built in Wolfforth.
With two mirrored residential units on the same property, this setup supports straightforward duplex living and rental occupancy on a shared lot.
The duplex is located near the Preston Manor neighborhood and close to a new United grocery store being built in Wolfforth.
With two mirrored residential units on the same property, this setup supports straightforward duplex living and rental occupancy on a shared lot.
Key Highlights
- 2022‑built duplex with vinyl flooring throughout and open floorplan on each side
- Each unit features 3 bedrooms and 2 bathrooms with a primary bedroom downstairs
- Kitchen highlights include granite counters, pantry, and appliances: dishwasher, microwave, electric range, and electric oven
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
Duplexes
FAQs
What type of property is this?
Duplex - Two 3-bedroom, 2-bath units with vinyl flooring and open-concept layouts provide residential rental income.
Where is this duplex located?
The property is located at 1013 Preston Trail 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 duplex with vinyl flooring throughout and open floorplan on each side; Each unit features 3 bedrooms and 2 bathrooms with a primary bedroom downstairs; Kitchen highlights include granite counters, pantry, and appliances: dishwasher, microwave, electric range, and electric oven
