1113 Preston Trail Wolfforth, TX 79382
MULTI_FAMILY - Other - Wolfforth, TX
- Added:
- May 26, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 14 at 9:06 am
Property Features for 1113 Preston Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 1
- Parking features
- Garage
- Interior features
- Ceiling Fan(s), Granite Counters
- Exterior features
- Private Yard
- Fencing
- Fenced
- Appliances
- Disposal, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- R325470
- Size
- 2,957 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- Preston Trails L 17
- Tax Annual Amount
- 7667
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick, Stone
- Roof type
- Composition
- Architectural style
- Other
Listing agent Kyndall Lemaire License #0752140 (432) 788-0121
Listing office Tapp Realty Group, eXp Realty 5601 114th Street, Lubbock, TX (806) 993-8277
Listing date May 26, 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.
Key Highlights
- Fully leased duplex with both sides currently rented
- Each side features 3 bedrooms and 2 bathrooms, plus a 2‑car garage
- 2020 construction with brick and stone exterior materials
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 | $40.8k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $38.2k | $12.90 |
| − OpEx | −$11.4k | −$3.87 |
| NOI | $26.7k | $9.03 |
