4-Unit Townhome
For Sale
$799,000
1201 N 7th St, Wolfforth, TX 79382
New construction features metal siding, xeriscape yards and drought-resistant landscaping.
Property Size4,934 SF
Price / SF$161.94
Days on Market18
Property Features for 1201 N 7th St
General Information
Standard status
Active
Size
4,934 SF
Class
Class A
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,048
Building Details
Buildings
1
Listing Agency:
Williams & Company Real Estate
(806) 860-6945
Listed By:
Dan Williams · License #0550528
(806) 777-1310
Source:
Exprealty
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 28 at 10:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Williams & Company Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new-construction townhome building contains four units and totals 4,934 square feet. Exterior features include metal siding, xeriscape yards and drought-resistant landscaping; the interiors have finished appointments.
The property is adjacent to Frenship High School and within walking distance of the upcoming United. Retail shops and dining establishments are also identified in the surrounding area.
The property is adjacent to Frenship High School and within walking distance of the upcoming United. Retail shops and dining establishments are also identified in the surrounding area.
Key Highlights
- Four‑unit new‑construction townhome building
- 4,934 square feet
- Metal siding, xeriscape yards and drought‑resistant landscaping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,564
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,280
$891.3K
Cap Rate 7%
$636,629
$636.6K
Cap Rate 9%
$495,156
$495.2K
Market Conditions
NOI Build-Up for 4,934 SF
Gross rent
$68.1K $13.80/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$63.7K $12.90/SF
− OpEx
−$19.1K −$3.87/SF
NOI
$44.6K $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%
$891,280
Cap Rate 7%
$636,629
Cap Rate 9%
$495,156
Alternative Uses
Best Use
Multifamily LT 5
$636.6K
$557.1K – $742.7K
NOI $44,564 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$571.6K
$500.2K – $666.9K
NOI $40,014 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,071 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction features metal siding, xeriscape yards and drought-resistant landscaping.
Where is this quadplex located?
The property is located at 1201 N 7th St Wolfforth, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit new‑construction townhome building; 4,934 square feet; Metal siding, xeriscape yards and drought‑resistant landscaping
