2-Unit
For Sale
$149,000
2908 Wenonah Avenue, Wichita Falls, TX 76309
Both residences offer two bedrooms and one bathroom, and each currently has a tenant.
Property Size1,467 SF
Price / SF$101.57
Days on Market10
Property Features for 2908 Wenonah Avenue
General Information
Standard status
Active
Size
1,467 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2 Bed/1 Bath
Multifamily Units
2
Additional Details
Average Monthly Rent
$800
Listing Agency:
BELL REAL ESTATE LLC
Listed By:
Brendan Bell · License #1073
(940) 767-5060
Source:
Sandraworthamteam
Added: Sep 28
Changed: Oct 7
Last Checked: Oct 5 at 3:51PM
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 BELL REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This 1,467-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Both units are occupied. Unit A is leased month to month, while Unit B has a lease running through December.
Key Highlights
- 1,467 square feet across two residential units
- Each unit has 2 bedrooms and 1 bathroom
- Both units are occupied; Unit A is month‑to‑month and Unit B is leased through December
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,250
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,000
$265.0K
Cap Rate 7%
$189,286
$189.3K
Cap Rate 9%
$147,222
$147.2K
Market Conditions
NOI Build-Up for 1,467 SF
Gross rent
$20.2K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$18.9K $12.90/SF
− OpEx
−$5.7K −$3.87/SF
NOI
$13.3K $9.03/SF
Area
Wichita Falls, 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%
$265,000
Cap Rate 7%
$189,286
Cap Rate 9%
$147,222
Alternative Uses
Best Use
Multifamily LT 5
$189.3K
$165.6K – $220.8K
NOI $13,250 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$175.9K
$153.9K – $205.2K
NOI $12,313 @ 7.0% cap · market cap 8.26%
Theoretical Best
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,554 @ 7.0% cap · market cap 82.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 76309, TX
13,053
Population
6,477
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
2,373
Density / Sq Mi
$51,886
Median Household Income
$32,034
Median Earnings
$1,023
Median Rent
$138,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bathroom, and each currently has a tenant.
Where is this duplex located?
The property is located at 2908 Wenonah Avenue Wichita Falls, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 1,467 square feet across two residential units; Each unit has 2 bedrooms and 1 bathroom; Both units are occupied; Unit A is month‑to‑month and Unit B is leased through December
