Newly Built Duplex with Private
For Sale
$365,000
2010 Corpus Ave, Wolfforth, TX 79382
Newly built duplex in Frenship ISD offering two units with 3 bedrooms, 2 bathrooms, and private yards.
Property Size2,720 SF
Price / SF$134.19
Days on Market101
Property Features for 2010 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
Listed By:
Jennifer Busbea · License #0614398
(806) 577-7228
Source:
Raftercrossrealty
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 7 at 12:58PM
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
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Investment Insights
Based on property information with market context.
This newly built duplex features two residential income units, each designed with 3 bedrooms and 2 bathrooms. The layout includes an open floorplan, along with a garage and private yard space for each unit. The property is presented as a modern, turnkey rental configuration within the Frenship ISD school district.
The duplex is located at 2010 Corpus Ave in Wolfforth, Texas (Lubbock County). For buyers evaluating a residential income asset in the area, the unit mix and consistent in-place design provide a straightforward foundation for management and leasing.
Each unit offers the same core improvements: open floorplan living space, garage parking, and private yard areas, with three-bedroom and two-bath accommodations throughout.
The duplex is located at 2010 Corpus Ave in Wolfforth, Texas (Lubbock County). For buyers evaluating a residential income asset in the area, the unit mix and consistent in-place design provide a straightforward foundation for management and leasing.
Each unit offers the same core improvements: open floorplan living space, garage parking, and private yard areas, with three-bedroom and two-bath accommodations throughout.
Key Highlights
- Newly built duplex (2023) in Frenship ISD with two units
- Each unit offers 3 bedrooms and 2 bathrooms
- Each unit includes a garage and an open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,567
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,340
$491.3K
Cap Rate 7%
$350,957
$351.0K
Cap Rate 9%
$272,967
$273.0K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$37.5K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$35.1K $12.90/SF
− OpEx
−$10.5K −$3.87/SF
NOI
$24.6K $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%
$491,340
Cap Rate 7%
$350,957
Cap Rate 9%
$272,967
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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex in Frenship ISD offering two units with 3 bedrooms, 2 bathrooms, and private yards.
Where is this duplex located?
The property is located at 2010 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 (2023) in Frenship ISD with two units; Each unit offers 3 bedrooms and 2 bathrooms; Each unit includes a garage and an open floor plan
