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Days334Days on Market
Views1view

$150,000

1801 7th Street, Wichita Falls, TX, 76301

On MarketInfo
CommercialInfo
Beds5 Beds
Baths4 Bath
Baths1,892 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 1926

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesGas Range, Refrigerator
FlooringHardwood, Vinyl

Exterior

Lot Size13,499 sqft

Building Information

Year Built1940
Roof Type105

Land Information

APN1270 001 00
Lot Number1
SubdivisionGrants
Land UseResidential
Legal DescriptionLOTS 1&2 BLK 1 GRANTS
Census Tract011000
Assessed Land Value$15,000
Assessed Improvement Value$128,501
Assessment Year2025

About this property

Single Family home with 3 units in rear. Currently only the home and one of the rear units are occupied total rent is $1300 a month. 2 other units need work but offer a huge potential for added rental income. This property is part of a portfolio. Ask agent for information on full portfolio

Investor Tools

Property Icon
$148,000
Estimated Property Value
$0Estimated Mortgage Balance
$96,786Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,367
$143,501
2025
$15,000
$128,501
$143,501
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,367
$143,501

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Terry Ratzlaff
Seller Carryback / Seller Financing / Seller Take-Back
$80,000
No
First
Mar 1, 2011
Feb 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$51,214
$96,786
65%
35%
$480/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,274/mo
$480/mo
+$794/mo
10.3%

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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1801 7th Street | Property Details | No Agent List