Wolfforth Duplex Investment
2005 Corpus Avenue Wolfforth, TX 79382
For Sale
$365,000
MULTI_FAMILY - Wolfforth, TX
Property Size2,720 SF
Lot Size0.17 Acres
Price / SF$134.19
Days on Market312
Property Features for 2005 Corpus Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 5
- 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 Agency:
AMRR Realty
(806) 642-6488
Listed By:
Jennifer Busbea · License #0614398
(806) 577-7228
Added: Sep 19, 2025
Changed: Jul 18
Last Checked: Jul 27 at 9:06AM
MLS# 202560792
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 property presents an investment opportunity in Wolfforth, featuring newly built duplex units within the Frenship Independent School District. These modern homes are designed to attract quality tenants, offering both cash flow potential and long-term appreciation. Each unit includes 3 bedrooms, 2 bathrooms, a garage, an open floorplan, and private yards. The property is situated in a growing area within Lubbock County's desirable school zones. The property size is 2720 square feet, situated on a lot of approximately 0.17 acres.
Key Highlights
- Newly built 2023 duplex units in Frenship ISD
- Each unit offers 3 bedrooms and 2 bathrooms with an open floorplan
- Private yards included with each unit
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 |
2,720 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.7K
NOI $22,059 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 13.15%
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 - New duplex in Frenship ISD with strong rental appeal.
Where is this duplex located?
The property is located at 2005 Corpus Avenue Wolfforth, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Newly built 2023 duplex units in Frenship ISD; Each unit offers 3 bedrooms and 2 bathrooms with an open floorplan; Private yards included with each unit
