Multi-Family Development
For Sale
$799,900
4901 HENRY S GRACE FREEWAY, Wichita Falls, TX 76302
COMMERCIAL - Wichita Falls, TX
Lot Size6.62 Acres
Days on Market83
Property Features for 4901 HENRY S GRACE FREEWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
WFISD
Middle school district
WFISD
High school district
WFISD
Subdivision
10E WFalls Southeast
Standard status
Active
Lot size
6.62 Acres
Listing Agency:
PARAMOUNT REAL ESTATE SERVICES
(940) 264-2622
Listed By:
MELISSA MCCRAY · License #0690940
(940) 247-0023
Added: May 12
Changed: Jul 7
Last Checked: Aug 2 at 12:06AM
MLS# 183297
Copyright © 2026 Wichita Falls 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 for-sale land parcel is a 6.62-acre multi-family development lot. It is presented as ready for an investor or developer’s next project, with the property size supporting planning for larger residential concepts such as apartments or townhomes.
The site is located at 4901 Henry S Grace Freeway in Wichita Falls, Texas 76302, within Wichita County. As a development lot, it offers a blank canvas for buyers evaluating multi-family uses and site planning based on the tract’s acreage.
For tenants, the property is relevant as future housing supply could support rental demand for multi-family living. For buyers and developers, the tract’s acreage and described multi-family orientation make it suitable for teams looking to develop a larger-scale residential community, subject to the applicable requirements and approvals for the intended design and unit mix.
The site is located at 4901 Henry S Grace Freeway in Wichita Falls, Texas 76302, within Wichita County. As a development lot, it offers a blank canvas for buyers evaluating multi-family uses and site planning based on the tract’s acreage.
For tenants, the property is relevant as future housing supply could support rental demand for multi-family living. For buyers and developers, the tract’s acreage and described multi-family orientation make it suitable for teams looking to develop a larger-scale residential community, subject to the applicable requirements and approvals for the intended design and unit mix.
Key Highlights
- 6.62‑acre multi‑family development lot
- Ideal for large‑scale residential community development
- Suitable for apartments, townhomes, or other multi‑family units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 76302, TX
12,400
Population
5,333
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
1,319
Density / Sq Mi
$56,744
Median Household Income
$36,125
Median Earnings
$902
Median Rent
$142,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Spanning 6.62 acres, this Wichita Falls parcel is positioned for multi-family development plans.
Where is this residential land & home lot located?
The property is located at 4901 HENRY S GRACE FREEWAY Wichita Falls, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 6.62‑acre multi‑family development lot; Ideal for large‑scale residential community development; Suitable for apartments, townhomes, or other multi‑family units
