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Days334Days on Market
Views1view

$120,000

1642 Elizabeth Ave, Wichita Falls, TX, 76301

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,725 Sq Ft
TriplexTriplex
Year BuiltBuilt in 1919

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesGas Range, Gas Water Heater
FlooringCombination, Hardwood, Vinyl

Exterior

Lot Size8,499 sqft

Building Information

Year Built1919
Roof Type105
Garage Spaces1

Land Information

APN3300 044 00
Lot Number12
SubdivisionSouthland
Land UseResidential
Legal DescriptionLOT 12 BLK 3 SOUTHLAND
Census Tract010200
Assessed Land Value$5,000
Assessed Improvement Value$114,510
Assessment Year2025

About this property

Duplex with 2-one bedroom one-bathroom units and a rear unit that is 1 bed 1 bath. One of the duplex units is currently vacant but could add $700 additional rental income totaling $2125 a month. Property is Currently rented for $1425 per month total. Units are occupied and can be viewed with an executed contract. This property is part of a portfolio. Ask agent for information on full portfolio

Investor Tools

Property Icon
$119,510
Estimated Property Value
$0Estimated Mortgage Balance
$119,510Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

Interested in this property?

Ashley Self

InterHomes Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,766
$119,510
2025
$5,000
$114,510
$119,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,766
$119,510

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,510
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,274/mo
N/A
+$1,274/mo
12.8%

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Wichita Falls

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1642 Elizabeth Ave | Property Details | No Agent List