Leased Luxury
704 Hillshire Avenue Wolfforth, TX 79382
New
704 Hillshire Avenue, Wolfforth, TX, 79382
$359,000
For Sale
$359,000
MULTI_FAMILY - Other - Wolfforth, TX
Property Size3,091 SF
Lot Size0.17 Acres
Price / SF$116.14
Days on Market3
Property Features for 704 Hillshire Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6
- Parking features
- Open, Garage
- Patio and Porch features
- Porch
- Interior features
- Breakfast Bar, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Pantry, Quartz Counters, Walk-In Closet(s)
- Exterior features
- Private Entrance, Private Yard
- Fencing
- Fenced
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
- Standard status
- Active
- APN
- R325496
- Size
- 3,091 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- PRESTON TRAILS L 43
- Tax Annual Amount
- 7743
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Tile
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Williams & Company Real Estate
(806) 860-6945
918 Ave J, Lubbock, TX
Listed by
Dan Williams · License #0550528
(806) 777-1310
Added: Jul 15 Checked: Jul 17 at 1:06 pm
MLS# 202609731
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.
Investment Insights
Based on property information with market context.
This for-sale duplex in Wolfforth contains two leased units, Side A and Side B. Each side offers an open layout with three bedrooms, two bathrooms, and a two-car garage. Interior finishes include granite countertops and luxury vinyl plank flooring. Outside, the property is described as having well-kept, low-maintenance landscaping.
Both sides are currently leased through mid-2026, supporting steady occupancy. The listing notes the property is in the Frenship School district.
At 704 Hillshire Avenue in Wolfforth, TX (Lubbock County), this duplex presents an income-producing residential option for buyers looking for a property with in-place tenants.
Both sides are currently leased through mid-2026, supporting steady occupancy. The listing notes the property is in the Frenship School district.
At 704 Hillshire Avenue in Wolfforth, TX (Lubbock County), this duplex presents an income-producing residential option for buyers looking for a property with in-place tenants.
Key Highlights
- 2019‑built luxury duplex in the Frenship School district (Wolfforth) with 2‑car garage on each side
- Side A and Side B are currently leased through mid‑2026
- Each side offers an open layout with 3 bedrooms and 2 bathrooms
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 | $42.7k | $13.80 |
| − Vacancy | −$2.8k | −$0.90 |
| EGI | $39.9k | $12.90 |
| − OpEx | −$12.0k | −$3.87 |
| NOI | $27.9k | $9.03 |
3,091 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,068 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$779.2K
$681.8K – $909.1K
NOI $54,547 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two mirrored units are leased through mid-2026 and each side features three bedrooms, two baths, and a two-car garage.
Where is this duplex located?
The property is located at 704 Hillshire Avenue Wolfforth, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2019‑built luxury duplex in the Frenship School district (Wolfforth) with 2‑car garage on each side; Side A and Side B are currently leased through mid‑2026; Each side offers an open layout with 3 bedrooms and 2 bathrooms
