1011 Preston Trails Wolfforth, TX 79382
MULTI_FAMILY - Wolfforth, TX
- Added:
- Jul 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 1011 Preston Trails
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- Parking features
- Driveway, Open, Garage
- Window features
- Blinds, Screens
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Double Vanity, Granite Counters, Primary Downstairs
- Exterior features
- Private Yard
- Appliances
- Electric Oven, Electric Range, Microwave
- Standard status
- Active
- APN
- R325459
- Size
- 2,800 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Preston Trails L 6
- Tax Annual Amount
- 6657
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agent Beth Wylie License #0777416 (405) 435-1534
Listing office Aycock Realty Group, LLC 3911 98th Street, Ste 200, Lubbock, TX (806) 778-5956
Listing date Jul 9, 2026
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.
The property is located in Wolfforth, near Preston Manor and a new United store, placing it close to everyday conveniences.
Designed as a residential income property, this duplex is currently occupied and described as having happy tenants. It presents an owner with a straightforward two-unit setup within a maintained property configuration.
Key Highlights
- 2022‑built duplex with each side offering 3 bedrooms and 2 bathrooms
- Vinyl flooring throughout; granite counters and double vanity in interior features
- Central heating and central air, plus ceiling fans
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 | $38.6k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.1k | $12.90 |
| − OpEx | −$10.8k | −$3.87 |
| NOI | $25.3k | $9.03 |
