4-Unit New Construction
New
For Sale
$799,000
1201 N 7th Street, Wolfforth, TX 79382
Residential Income, Wolfforth, TX
Property Size4,934 SF
Lot Size0.28 Acres
Price / SF$161.94
Days on Market2
Property Features for 1201 N 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 7, Bedroom 8, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 4, Bathroom 6, Bedroom 3, Bathroom 3, Bathroom 8
Parking features
Garage, Open, Driveway
Window features
Blinds
Patio and Porch features
Porch, Patio
Interior features
Breakfast Bar, Ceiling Fan(s), High Speed Internet, Open Floorplan, Pantry, Walk-In Closet(s)
Exterior features
Private Entrance, Private Yard
Fencing
Gate
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Freezer, Refrigerator
Lot features
Back Yard, Corner Lot, Front Yard, Landscaped
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
R352768
Size
4,934 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
Iron Horse L 199-202
Tax Annual Amount
2048
Legal Description
Iron Horse L 199-202
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Amenities
xeriscape yards
drought resistant landscaping
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Williams & Company Real Estate
(806) 860-6945
Listed By:
Dan Williams · License #0550528
(806) 777-1310
Added: Oct 12
Last Checked: Oct 13 at 6:06PM
MLS# 202614049
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.
This four-unit townhome-style property is under construction, with a 2026 year built listed. The building contains 4,934 square feet and sits on a 0.28-acre parcel. Interior features include open floorplans, breakfast bars, pantries, and walk-in closets; each residence also has a private entrance and yard. Porches and patios provide additional outdoor space.
The property is adjacent to Frenship High School and within walking distance of an upcoming United grocery store. Nearby retail shops and dining establishments are also noted.
The property is adjacent to Frenship High School and within walking distance of an upcoming United grocery store. Nearby retail shops and dining establishments are also noted.
Key Highlights
- Four townhome‑style units in a building under construction
- 4,934 square feet on a 0.28‑acre parcel
- 2026 year built listed
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.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
144
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
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Frequently Asked Questions
What type of property is this?
Quadplex - The townhome-style property is under construction and includes private yards and a mix of interior amenities.
Where is this quadplex located?
The property is located at 1201 N 7th Street 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 townhome‑style units in a building under construction; 4,934 square feet on a 0.28‑acre parcel; 2026 year built listed
