




$86,000
NAL Estimated Property Value1500 Austin St, Wichita Falls, TX, 76301
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***INVESTOR SPECIAL*** Great value-add opportunity in the heart of old town Wichita Falls. This multifamily property needs a little, or a lot, of everything to restore it and get tenants in it to once again be income producing. Property is currently vacant and not producing income. Appraisal district has this as a quad, but there are seven individual electric meters - one for each of the bedrooms. Where else are you able to purchase a multi unit complex at this price???
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Wichita Falls
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