1 / 1740-Unit Multifamily in Wichita Falls, TX
Wichita County, TX · listed Jul 7, 2026 (113 days)
- $/unit
- $92,500
- ▼ 7% vs TX · 43rd pct
- Cap rate
- 7%
- ▼ 0.3 pts vs TX median
- NOI
- $261K
- $6,521/unit/yr
- Units
- 40
- 2 bldg · 1925
Financials
- Asking price
- $3,700,000
- Price per unit
- $92,500
- Price per sq ft
- $75
- Gross rent / year
- Not stated
- Net operating income
- $260,826
- NOI per unit
- $6,521
- Cap rate
- 7%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 40
- Unit mix
- a mix of open-concept lofts, one-bedroom, and some two-bedroom units
- Buildings
- 2
- Year built
- 1925
- Building size
- 49,135 sq ft
- Avg unit size
- 1,228 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 7, 2026
- Days on market
- 113 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1462
About this property
Alamo School Lofts in Wichita Falls, Texas, are luxury apartments converted from the historic Alamo Elementary School, offering unique floor plans with modern amenities like stainless steel appliances, granite countertops, and in-unit washer/dryers, with some corporate units including all utilities and furnishings. The pet-friendly community features gated access, covered parking, and storage, blending historic character with contemporary living in a renovated downtown building.
Key Features
- Historic Conversion: The building is a repurposed former elementary school, preserving its original look while creating modern living spaces.
- Apartment Styles: Offers a mix of open-concept lofts, one-bedroom, and some two-bedroom units, with some being corporate apartments.
- Modern Amenities: Units include stainless steel appliances, granite countertops, subway tile backsplashes, and luxury vinyl plank flooring.
- Corporate Units: Fully furnished options with all utilities and internet included, plus in-unit washer/dryers.
- Community Perks: Pet-friendly, gated access, covered parking, and on-site storage are available (some with extra fees).
- Unique Character: Features like tall ceilings, large windows, and skylights provide abundant natural light and a unique feel.
Refurbished 40-unit apartment complex in 2020. 100% Leased.
Highlights
Alamo School Lofts in Wichita Falls, Texas, are 40 luxury apartments converted from the historic Alamo Elementary School, offering unique floor plans with modern amenities, stainless appliances, granite tops, built in-unit washer/dryers, with some corporate units. The pet-friendly community features gated access, covered parking, and storage, blending historic character with contemporary living. Units separately metered. 2026 Jan -June Averaged NOI/ $260,826= 7.05 % Cap rate
Location
Approximate area. The exact address is shared on request.
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