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    1642 Elizabeth Ave Wichita Falls, TX 76301

    Sponsored
    For Sale
    $120,000

    Triplex - Wichita Falls, TX

    Type:Triplex
    Lot size:
    0.20 Acres
    Days on Market:
    175
    Last Refresh:
    Jan 7 at 4:06 am

    Property Features for 1642 Elizabeth Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    APN
    133841
    Parking
    3
    Parking features
    Off Street
    Interior features
    Cable Tv Available
    Appliances
    Range, Range - Gas
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Space Heater
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1919
    Floors in Building
    1
    Flooring type
    Hardwood, Vinyl
    Roof type
    Composition
    Architectural style
    Other

    InterHomes Realty (817) 668-0508

    Listing agent Ashley Self (817) 668-0508 License #0637892

    Listing date Jul 17, 2025

    MLS# 21003908 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wichita Falls Triplex For Sale

    This property is a triplex located in Wichita Falls, Texas, featuring two one-bedroom, one-bathroom units in the duplex and an additional one-bedroom, one-bathroom unit at the rear. Currently, one of the duplex units is vacant and could potentially generate an additional $700 in monthly rental income. The property is presently rented for a total of $1425 per month. The lot size is 0.195 acres. Viewings of the occupied units are available with an executed contract. This property is part of a portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.50134
    Latitude
    33.899329

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    FAQs

    What type of property is this?
    Triplex - Triplex with income potential in Wichita Falls, Texas.
    Where is this triplex located?
    The property is located at 1642 Elizabeth Ave Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Potential for $2125 total monthly rental income with vacant unit leased.; - Existing rental income of $1425 per month.; - Three units: two 1-bed, 1-bath units in the duplex, plus a separate 1-bed, 1-bath rear unit.
    (817) 668-0508
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    1642 Elizabeth Ave Wichita Falls, TX 76301
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    Wichita Falls, TX 76301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1642 Elizabeth Ave Wichita Falls, TX 76301
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