Two-Unit
For Sale
$325,000
1011 Preston Trails, Wolfforth, TX 79382
Residential Income, Wolfforth, TX
Property Size2,800 SF
Lot Size0.15 Acres
Price / SF$116.07
Days on Market99
Property Features for 1011 Preston Trails
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 3
Parking features
Garage, Open, Driveway
Window features
Screens, Blinds
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, Refrigerator
Lot features
Back Yard
Elementary school
Bennett
Middle school
Frenship
High school
Frenship
Elementary school district
Frenship ISD
Middle school district
Frenship ISD
High school district
Frenship ISD
Subdivision
Wolfforth
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
Legal Description
Preston Trails L 6
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
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 Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Beth Wylie · License #0777416
(806) 370-0106
Added: Jul 9
Changed: Oct 9
Last Checked: Oct 15 at 11:06PM
MLS# 202609493
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this brick duplex contains 2,800 square feet across two residences, each with three bedrooms and two bathrooms. Interior features include vinyl flooring, granite counters, double vanities and ceiling fans. Each home also has a private yard, porch and garage parking. Public water and sewer serve the property, with central heating and air conditioning.
The 0.15-acre property is at 1011 Preston Trails in Wolfforth, near Preston Manor and a United store. One residence is leased through May 2027, and the other through July 2027.
The 0.15-acre property is at 1011 Preston Trails in Wolfforth, near Preston Manor and a United store. One residence is leased through May 2027, and the other through July 2027.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,800 square feet on a 0.15‑acre lot
- Built in 2022 with brick construction and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,290
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,800
$505.8K
Cap Rate 7%
$361,286
$361.3K
Cap Rate 9%
$281,000
$281.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$38.6K $13.80/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$36.1K $12.90/SF
− OpEx
−$10.8K −$3.87/SF
NOI
$25.3K $9.03/SF
Area
Lubbock County, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,800
Cap Rate 7%
$361,286
Cap Rate 9%
$281,000
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$324.4K
$283.9K – $378.5K
NOI $22,708 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$705.9K
$617.7K – $823.5K
NOI $49,412 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 79382, TX
8,449
Population
3,649
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
92%
High-School Grad
51.1 sq mi
ZIP Area
165
Density / Sq Mi
$80,625
Median Household Income
$47,419
Median Earnings
$1,349
Median Rent
$245,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature three bedrooms, two bathrooms, fenced rear yards and xeriscaped front landscaping.
Where is this duplex located?
The property is located at 1011 Preston Trails Wolfforth, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,800 square feet on a 0.15‑acre lot; Built in 2022 with brick construction and vinyl flooring
