Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    10-Unit Apartment Building with Covered Parking Title is generated by Realmo AI

    1109 HARRISON STREET, Wichita Falls, TX 76309

    View on Map
    Claim this Listing
    For Sale
    $699,995

    MULTI_FAMILY - Wichita Falls, TX

    Property size:
    9,424 SF
    Price / SF:
    $74/SF
    Added:
    Oct 20, 2025
    Days on Market:
    228
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 1109 HARRISON STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Rooms
    Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 10, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 11, Bedroom 12
    Parking features
    Carport
    Pets allowed
    Yes
    Standard status
    Active
    Size
    9,424 SF

    Building Details

    Number of units
    10

    We can help!

    Listing Contact
    MELISSA MCCRAY

    Listing agent MELISSA MCCRAY License #0690940

    Listing office PARAMOUNT REAL ESTATE SERVICES 1810 SOUTHWEST PARKWAY SUITE 200, Wichita Falls, TX

    Listing date Oct 20, 2025

    MLS# 180822 Listing URL

    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.

    HighLights

    • 10‑unit complex at 1109 Harrison with 9/10 units currently occupied
    • Each unit includes covered parking and separate electric and gas meters
    • Historic building features hard woods throughout and penny tile
    • Tile roof and ongoing management in place
    • Most units have been updated; a few units still need updates

    Overview

    This property is a 10-unit apartment complex at 1109 Harrison Street. The building includes covered parking for unit residents and has electric and gas metered separately. According to the current information provided, nine of the ten units are occupied. Most units have been updated, while a few units still need updates.

    The building is described as featuring historic characteristics, including hard wood surfaces, penny tile, and a tile roof. With multiple units under one roof, the configuration is suited to an operator seeking a steady income base with on-site management in place.

    For buyers, this multifamily asset offers an immediately usable setup with covered parking and individual utility metering, which can simplify resident billing and operating control. The occupancy level noted in the offering can support near-term cash flow while some unit updates are completed. Management is in place, which may appeal to purchasers looking to take over operations without starting from scratch. As with any investment property with in-place occupancy and unit-level condition variation, prospective buyers should plan for continued turnover and maintenance as needed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita Falls
    County
    Wichita
    State
    Texas
    Longitude
    -98.511542
    Latitude
    33.900575

    Nearby Similar for Sale

    • $1,500,000
      28,159 SF

      Automotive Service and Warehouse Facility

      Former truck dealership facility with a large warehouse, overhead door bays, and office space on a fully paved lot.
      2901 JACKSBORO HIGHWAY, Wichita Falls, TX 76302
      View Details
    • $750,000
      3,811 SF

      Two-Story Office with Storage

      Custom-built two-story office with multiple private offices, conference rooms, and drive-in storage for flexible business use.
      4090 REGENT DRIVE, Wichita Falls, TX 76306
      View Details
    • $1,990,000
      13,224 SF

      Professional Office Building with Vacant Suite

      Well-maintained office building with multiple leased suites and a vacant unit refreshed for immediate occupancy or reuse.
      5800 W KELL BOULEVARD, Wichita Falls, TX 76310
      View Details
    • $1,650,000
      36,000 SF

      Flex Warehouse Building

      Large flex warehouse with expansive rooms and practical improvements like a loading dock, kitchen, and elevator.
      2915 E CENTRAL FREEWAY, Wichita Falls, TX 76302
      View Details
    • $590,000

      Turnkey Day Care and Office Building

      Purpose-built for flexible learning and care, with classroom space, fenced yard, and covered drop-off for efficient operations.
      1522 Weeks Street, Wichita Falls, TX 76302
      View Details
    • $419,000
      9,740 SF

      Industrial Flex Property with Office

      Multi-building industrial property with office space and highway frontage near US Hwy 287 for tenants needing flexible space.
      371 S HWY 287, Wichita Falls, TX 76310
      View Details
    • $599,500
      6,396 SF

      Updated Medical Office Building

      Updated medical facility with renovated rooms, bathrooms, HVAC, roof, plus ample parking and expansion space.
      1515 10TH STREET, Wichita Falls, TX 76301
      View Details
    • $199,900

      Renovated Retail Building with Windows

      Light-filled, renovated storefront with open plan, offices, workrooms, and on-site parking for flexible retail or studio use.
      2710 Grant, Wichita Falls, TX 76309
      View Details
    • $1,990,000
      13,224 SF

      Professional Office Building For Sale

      Well-maintained office building with highway frontage and strong traffic count.
      5800 Kell Boulevard, Wichita Falls, TX 76310
      View Details
    • $139,900

      Restaurant Property for Sale

      Restaurant property positioned near other dining options in central Wichita Falls.
      2112 9TH STREET, Wichita Falls, TX 76309
      View Details
    • $449,000

      Medical Office Building with Parking

      Spacious office layout with exam rooms, multiple support spaces, and front and back parking, including covered and accessible stalls.
      804 BROOK AVENUE, Wichita Falls, TX 76301
      View Details
    • $450,000
      2,915 SF

      Office Building with Private Offices

      Versatile office building with up to five private offices, conference room, and ample parking on one acre.
      4501 NORTHWEST FREEWAY, Wichita Falls, TX 76306
      View Details

    FAQs

    What type of property is this?
    Apartment building - Nine of ten units are occupied, with covered parking and separately metered electric and gas services.
    Where is this apartment building located?
    The property is located at 1109 HARRISON STREET Wichita Falls, TX.
    What is the asking price?
    The asking price for this property is $699,995.
    What are key features of this property?
    This property features: 10‑unit complex at 1109 Harrison with 9/10 units currently occupied; Each unit includes covered parking and separate electric and gas meters; Historic building features hard woods throughout and penny tile
    (940) 247-0023
    We can help!
    Listing Contact
    MELISSA MCCRAY
    Real Estate License ID: 0690940
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1109 HARRISON STREET, Wichita Falls, TX 76309
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!