2006 Corpus Avenue, Wolfforth, TX 79382
MULTI_FAMILY - Wolfforth, TX
Property Features for 2006 Corpus Avenue
General Information
Taxes and HOA fees
Utilities
Building Details
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.
The property sits on a 0.19-acre lot at 2006 Corpus Avenue in Wolfforth, TX, within Frenship ISD. Outdoor features include fenced areas and private yards, with driveway parking available.
Built in 2023, this duplex totals 2,720 square feet of living space and includes appliances such as a dishwasher, electric range, and microwave.
Key Highlights
- 0.19‑acre lot in Wolfforth, TX
- Built in 2023 duplex units
- 2,720 square feet total
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 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 79382, TX
Market
Vacancy Rate% for Multifamily in South region