2005 Corpus Avenue, Wolfforth, TX 79382
MULTI_FAMILY - Wolfforth, TX
- Added:
- Sep 19, 2025
- Days on Market:
- 265
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 2005 Corpus Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 1
- Parking features
- Driveway
- Interior features
- Ceiling Fan(s), Granite Counters
- Exterior features
- Private Yard
- Appliances
- Dishwasher, Electric Range, Microwave
- Standard status
- Active
- APN
- R346327
- Size
- 2,720 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Harvest L 141
- Tax Annual Amount
- 8030
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
Building Details
- Year built
- 2023
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
Listing agent Jennifer Busbea License #0614398 (806) 577-7228
Listing office AMRR Realty 6609 Xenia Ave, Lubbock, TX (806) 642-6488
Listing date Sep 19, 2025
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.
HighLights
- Newly built duplex in highly desirable Frenship ISD.
- Strong rental appeal with modern features and finishes.
- Excellent cash flow potential and long‑term appreciation.
- Each unit features 3 bedrooms and 2 bathrooms.
- Open floorplan and private yards.
- Granite countertops and vinyl flooring.
Overview
Local 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 | $37.5k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $35.1k | $12.90 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.6k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wolfforth
- County
- Lubbock
- State
- Texas
- Longitude
- -102.004997
- Latitude
- 33.490125
