Two-Unit Duplex with Open
For Sale
$325,000
1013 Preston Trail, 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 1013 Preston Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1
Parking features
Driveway, Open, Garage
Window features
Screens, Blinds
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s)
Exterior features
Private Entrance, Private Yard
Appliances
Dishwasher, 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
R325460
Size
2,800 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
Preston Trails L 7
Tax Annual Amount
6657
Legal Description
Preston Trails L 7
Utilities
Utilities
Phone Available
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 Agency:
Aycock Realty Group, LLC
(806) 778-5956
Listed By:
Beth Wylie · License #0777416
(806) 370-0106
Added: Jul 9
Changed: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# 202609492
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 on a 0.15-acre lot. Each side has three bedrooms and two bathrooms, with vinyl flooring and an open floorplan. Private entrances and yards serve the individual homes; parking includes driveways and garage space.
The property is in Wolfforth, near Preston Manor and a United grocery store described as under construction.
The property is in Wolfforth, near Preston Manor and a United grocery store described as under construction.
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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Property Analytics
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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 - Each residence offers three bedrooms, two bathrooms, and a private yard.
Where is this duplex located?
The property is located at 1013 Preston Trail 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
