1 / 12Value-add
$450,000
5-Unit Multifamily in Wichita Falls, TX
Wichita County, TX · listed Jan 23, 2026 (277 days)
Price per unit compared
This property$90K
Texas median (1,029)$100K
- $/unit
- $90,000
- ▼ 10% vs TX · 41st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 1930
Financials
- Asking price
- $450,000
- Price per unit
- $90,000
- Price per sq ft
- $90
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- 2 Units are 1 bed/ bath; 2 units are 2/1 bath and the 5th unit is a storage space
- Buildings
- Not stated
- Year built
- 1930
- Building size
- 4,984 sq ft
- Avg unit size
- 997 sq ft
- Lot size
- 0.86 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 23, 2026
- Days on market
- 277 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1222
About this property
Investment opportunity. This complex has a recently paved parking lot that leads to 5 units. 2 Units are 1 bed/ bath; 2 units are 2/1 bath and the 5th unit is a storage space; however, we have engineer plans for a value add fifth unit that would be a 2 bed/ 1 bath space. There is a lot of green space at this complex that is inviting to pets and tenants who enjoy the outdoors. 1 - 1 bedroom is currently vacant. The rest of the complex is occupied. Owner is willing to sell this with a package. Ask for details
Multifamily | 5 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Wichita Falls, TXValue-add | $650K | $65K$65K | — |
Wichita Falls, TXStabilized | $3.7M | $93K$93K | 7% |
Bowie, TXValue-add | $475K | $59K$59K | — |
Bowie, TX▼ 8% cutStabilized | $1.2M | $120K$120K | 6.6% |
Paradise, TXNewStabilized | $2M | $400K$400K | — |
Mineral Wells, TXNewHigh yield | $860K | $172K$172K | 17.7%gy |





