Three-Unit Residential Income
707 Baylor Street, Wichita Falls, TX 76301
- Added:
- Jul 17, 2025
- Days on Market:
- 322
- Last Refresh:
- Jun 3 at 4:06 am
Property Features for 707 Baylor Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1
- Parking
- 3
- Parking features
- Off Street, Alley
- Interior features
- CableTv
- Appliances
- GasRange, GasWaterHeater
- Standard status
- Active
- APN
- 127139
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- LOT 16 BLK B WARFORD
- Tax Annual Amount
- 1649
Utilities
- Sewer type
- Public Sewer
- Heating system
- Space Heater
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl, Hardwood
- Building materials
- WoodSiding
- Roof type
- Composition
Listing agent Ashley Self License #0637892 (817) 668-0508
Listing office InterHomes Realty Fort Worth, TX (817) 668-0508
Listing date Jul 17, 2025
MLS# 21003420
Listing URL
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HighLights
- Duplex with two separate rear units; one rear unit currently used by a contractor and could be leased quickly
- Currently, 1 of 4 units is tenant‑occupied, leased for $575/month
- Built in 1926 with wood siding and a composition roof
- Utilities include public water and public sewer
- Heating includes space heater; cooling includes window unit(s)
- Off‑street parking with alley access
Overview
This for-sale multi-family property features a duplex configuration with two separate units in the rear, along with additional on-site residential units for a total of four units. At present, only one unit is tenant occupied, leased for $575 per month. One of the rear units is currently used to house a contractor and could quickly be available for lease, while the other rear unit requires work to be livable, creating an opportunity to increase overall income with appropriate improvements.
The property is located at 707 Baylor Street in Wichita Falls, Texas, in Wichita County. With its compact lot size and a four-unit setup, it may appeal to investors seeking a manageable footprint and clear paths to value through occupancy and renovation.
From an investor standpoint, the current partial occupancy offers immediate rental cash flow, while the rear-unit availability and the additional unit needing repairs support a staged plan to raise stabilized returns. Prospective buyers and operators should evaluate the condition of the unit requiring work and confirm lease-up timing for the contractor-occupied rear space to fully assess the property’s income potential.
The property is located at 707 Baylor Street in Wichita Falls, Texas, in Wichita County. With its compact lot size and a four-unit setup, it may appeal to investors seeking a manageable footprint and clear paths to value through occupancy and renovation.
From an investor standpoint, the current partial occupancy offers immediate rental cash flow, while the rear-unit availability and the additional unit needing repairs support a staged plan to raise stabilized returns. Prospective buyers and operators should evaluate the condition of the unit requiring work and confirm lease-up timing for the contractor-occupied rear space to fully assess the property’s income potential.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Longitude
- -98.505517
- Latitude
- 33.906018
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Partially occupied triplex with contractor-ready rear unit and a second rear unit needing work to expand income.
Where is this triplex located?
The property is located at 707 Baylor Street Wichita Falls, TX.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Duplex with two separate rear units; one rear unit currently used by a contractor and could be leased quickly; Currently, 1 of 4 units is tenant‑occupied, leased for $575/month; Built in 1926 with wood siding and a composition roof
