Luxury Duplex in Frenship
704 Hillshire Avenue, Wolfforth, TX 79382
MULTI_FAMILY - Other - Wolfforth, TX
Property size:
3,091 SFLot size:
0.17 AcresPrice / SF:
$116/SF- Added:
- Aug 12, 2025
- Days on Market:
- 278
- Last Refresh:
- May 16 at 3:06 pm
Property Features for 704 Hillshire Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
- Parking features
- Garage, Open
- Patio and Porch features
- Porch
- Interior features
- Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Pantry, Quartz Counters, Walk-In Closet(s)
- Exterior features
- Private Entrance, Private Yard
- Fencing
- Fenced
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
- Standard status
- Active
- APN
- R325496
- Size
- 3,091 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Preston Trails L 43
- Tax Annual Amount
- 7749
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Tile
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Dan Williams License #0550528 (806) 777-1310
Listing office Williams & Company Real Estate 918 Ave J, Lubbock, TX (806) 860-6945
Listing date Aug 12, 2025
MLS# 202559108
Listing URL
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
- Investment opportunity: Leased duplex with potential for rental income.
- Located in desirable Frenship School District.
- Each side features 3 bedrooms, 2 bathrooms, and a 2‑car garage.
- Modern finishes include granite countertops and luxury vinyl plank flooring.
- Low‑maintenance landscaping.
- Includes essential appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, and Refrigerator.
Overview
This property is a luxury duplex located in Wolfforth, within the Frenship School district. Each side of the duplex features 3 bedrooms, 2 bathrooms, and a 2-car garage. The units have open layouts and are finished with granite countertops and luxury vinyl plank flooring. The property includes low-maintenance landscaping. Both Side A and Side B are currently leased through mid-2026. The marketed rent is $1400 per side. The property is situated on a lot of 0.17 acres and has a total size of 3091 square feet. This property presents an opportunity for those interested in investing.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$310.2K
NOI $27,918 @ 9.00% cap · cautious / downside scenario
Moderate
$398.8K
NOI $27,918 @ 7.00% cap · market / base-case scenario
Aggressive
$558.4K
NOI $27,918 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $13.80 |
| − Vacancy | −$2.8k | −$0.90 |
| EGI | $39.9k | $12.90 |
| − OpEx | −$12.0k | −$3.87 |
| NOI | $27.9k | $9.03 |
3,091 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$779.2K
$681.8K – $909.1K
NOI $54,547 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Wolfforth
- County
- Lubbock
- State
- Texas
- Longitude
- -101.9943
- Latitude
- 33.527782
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Luxury duplex in Wolfforth, leased through mid-2026, great investment.
Where is this duplex located?
The property is located at 704 Hillshire Avenue Wolfforth, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Investment opportunity: Leased duplex with potential for rental income.; Located in desirable Frenship School District.; Each side features 3 bedrooms, 2 bathrooms, and a 2‑car garage.
