New Duplex Investment
New
For Sale
$365,000
2006 Corpus Ave, Wolfforth, TX 79382
Newly built duplex units offer 3-bedroom, 2-bath layouts with garages, open floorplans, and private yards.
Property Size2,720 SF
Price / SF$134.19
Days on Market5
Property Features for 2006 Corpus Ave
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
garage
open floorplan
private yards
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
AMRR Realty
(806) 577-7228
Listed By:
Jennifer Busbea · License #0614398
Source:
Raftercrossrealty
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 9:01AM
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 AMRR Realty
Investment Insights
Based on property information with market context.
This for-sale duplex property features newly built units designed for residential rental use. Each unit provides three bedrooms and two bathrooms, along with a garage, an open floorplan, and a private yard.
The property is located in Wolfforth within Frenship ISD.
With two separate duplex units on the site, the configuration provides multiple income-producing residences in a school-district setting.
The property is located in Wolfforth within Frenship ISD.
With two separate duplex units on the site, the configuration provides multiple income-producing residences in a school-district setting.
Key Highlights
- Newly built duplex units (Year Built: 2023) in Wolfforth
- Each unit offers a 3‑bedroom, 2‑bath layout
- Private garages included with each duplex unit
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 | $37.5k | $13.80 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $35.1k | $12.90 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.6k | $9.03 |
2,720 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.7K
NOI $22,059 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
61
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex units offer 3-bedroom, 2-bath layouts with garages, open floorplans, and private yards.
Where is this duplex located?
The property is located at 2006 Corpus Ave Wolfforth, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Newly built duplex units (Year Built: 2023) in Wolfforth; Each unit offers a 3‑bedroom, 2‑bath layout; Private garages included with each duplex unit
