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    New Duplex Investment Opportunity Title is generated by Realmo AI

    2009 Corpus Avenue, Wolfforth, TX 79382

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    Claim this Listing
    For Sale
    $365,000

    MULTI_FAMILY - Other - Wolfforth, TX

    Property size:
    2,720 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $134/SF
    Added:
    Sep 19, 2025
    Days on Market:
    292
    Last Refresh:
    Jul 7 at 8:06 am

    Property Features for 2009 Corpus Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6
    Parking features
    Driveway
    Interior features
    Ceiling Fan(s), Granite Counters, Pantry
    Fencing
    Fenced
    Appliances
    Dishwasher, Electric Range, Microwave
    Standard status
    Active
    APN
    R346329
    Size
    2,720 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    Harvest L 143
    Tax Annual Amount
    8630

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2023
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Contact an agent
    Jennifer Busbea
    Jennifer Busbea

    Listing agent Jennifer Busbea License #0614398

    Listing office AMRR Realty 6609 Xenia Ave, Lubbock, TX

    Listing date Sep 19, 2025

    MLS# 202560789 Listing URL

    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.

    HighLights

    • Newly built duplex units (2023) in Frenship ISD
    • Each unit features 3 bedrooms and 2 bathrooms with an open floorplan
    • Each unit includes a garage and private yard space
    • Kitchen finishes include granite counters and a pantry
    • Appliances include dishwasher, electric range, and microwave
    • Central heating and central air, plus vinyl flooring and a composition roof

    Overview

    This property presents an investment opportunity in Wolfforth, featuring newly built duplex units within the Frenship Independent School District. These modern homes are designed to attract quality tenants, offering both cash flow potential and long-term appreciation. Each unit includes 3 bedrooms, 2 bathrooms, a garage, an open floorplan, and private yards. The property is situated on a lot of 0.17 acres and the building size is 2720 square feet. Located in a growing area within Lubbock County's desirable school zones.

    Local 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 (±1% cap)
    NOI $24,567 @ 7.0% cap · market cap 6.73%
    Second Best
    Apartment 5plus
    $315.1K
    $275.7K – $367.7K (±1% cap)
    NOI $22,059 @ 7.0% cap · market cap 6.04%
    Theoretical Best
    Office A
    $685.7K
    $600.0K – $800.0K (±1% cap)
    NOI $48,000 @ 7.0% cap · market cap 13.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Nail Salon Skin Care Clinic Daycare Center Department Store HVAC Service Grocery & Convenience Store Computer & Electronic Repair Nursing Home Nursing Home Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.004992
    Latitude
    33.48979

    FAQs

    What type of property is this?
    Duplex - New duplex in Wolfforth, Frenship ISD, with strong rental appeal.
    Where is this duplex located?
    The property is located at 2009 Corpus Avenue 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 (2023) in Frenship ISD; Each unit features 3 bedrooms and 2 bathrooms with an open floorplan; Each unit includes a garage and private yard space
    More about this property
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