Triplex Investment
1642 Elizabeth Avenue, Wichita Falls, TX 76301
- Added:
- Sep 29, 2025
- Days on Market:
- 248
- Last Refresh:
- Jun 3 at 5:06 am
Property Features for 1642 Elizabeth Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 3
- Parking features
- Off Street
- Interior features
- CableTv
- Appliances
- GasRange, GasWaterHeater
- Standard status
- Active
- APN
- 133841
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- LOT 12 BLK 3 SOUTHLAND
- Tax Annual Amount
- 2766
Utilities
- Sewer type
- Public Sewer
- Heating system
- Space Heater
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Combination, Vinyl, Hardwood
- Building materials
- WoodSiding
- Roof type
- Composition
Listing agent Ashley Self License #0637892 (817) 668-0508
Listing office InterHomes Realty Fort Worth, TX (817) 668-0508
Listing date Sep 29, 2025
MLS# 21003908
Listing URL
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HighLights
- Duplex with two 1BR/1BA units plus a rear 1BR/1BA unit
- One unit is currently vacant; could add $700 in rental income, for a potential total of $2,125/month
- Current rental income is $1,425/month total; units are occupied and viewable with an executed contract
- Built in 1919 with wood siding and a composition roof
- Public utilities: public water and public sewer
- Off‑street parking; cooling includes window unit(s) and heating via space heater
Overview
This triplex investment property is configured with two one-bedroom, one-bath units in a duplex setup and a rear one-bedroom, one-bath unit. One of the duplex units is currently vacant, while the other units are occupied. With the vacant unit ready for occupancy, the seller states it could add $700 in additional rental income, bringing the potential total to $2,125 per month. The property is being marketed as a rental opportunity with views available by an executed contract.
Located at 1642 Elizabeth Avenue in Wichita Falls, Texas (Wichita County), the property is offered as part of a portfolio. The seller notes that the listing price reflects this specific asset, and asks interested parties to inquire with the agent for information regarding the full portfolio.
For investors seeking a small residential income asset, this layout offers straightforward unit mix and the flexibility of stabilizing revenue through the currently vacant unit. With tenants already in place in the occupied units, buyers can focus on day-to-day management and move quickly to capture the additional income opportunity described by the seller. The portfolio structure may also appeal to buyers looking to expand beyond a single property.
Located at 1642 Elizabeth Avenue in Wichita Falls, Texas (Wichita County), the property is offered as part of a portfolio. The seller notes that the listing price reflects this specific asset, and asks interested parties to inquire with the agent for information regarding the full portfolio.
For investors seeking a small residential income asset, this layout offers straightforward unit mix and the flexibility of stabilizing revenue through the currently vacant unit. With tenants already in place in the occupied units, buyers can focus on day-to-day management and move quickly to capture the additional income opportunity described by the seller. The portfolio structure may also appeal to buyers looking to expand beyond a single property.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Longitude
- -98.50134
- Latitude
- 33.899329
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-suited for income-focused buyers with two leased 1-bedroom, 1-bath units and a third unit ready to produce rent.
Where is this triplex located?
The property is located at 1642 Elizabeth Avenue Wichita Falls, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Duplex with two 1BR/1BA units plus a rear 1BR/1BA unit; One unit is currently vacant; could add $700 in rental income, for a potential total of $2,125/month; Current rental income is $1,425/month total; units are occupied and viewable with an executed contract
