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801-901 Kiowa Street

Wheeler, TX 79096

$3,750,000

12 units · 2012

Units12
Building area21,306 sq ft
Year built2012
Gross income$160,000/yr
Cap rate2.08% as listed
Parking24 spaces
Lot size1.722 acres
TypeResidential Income

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$55,000 per year — as listed
Insurance$22,500 per year — as listed
Net operating income$78,000 per year — as listed

About this home

Beautiful craftsman style duplexes thriving as an income property in Wheeler, TX. Renters come from everywhere to escape the city for a chance to live in this unique small town atmosphere. These charming units are energy efficient foam insulated homes. They each have a garage and large fenced-in back yard. The property consist of six duplexes. There are eight 3-bedroom rental units and four 2-bedroom units.

The details

HeatingElectric
CoolingCentral Air
FlooringCarpet, Concrete, Tile
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
Interior featuresDouble Vanity, High Speed Internet Available, Multiple Staircases, Walk-In Closet(s)
Bathrooms24 full · 8 half
FireplaceLiving Room, Wood Burning

Construction materialsFiber Cement
RoofComposition, Shingle
FoundationSlab

Lot featuresInterior Lot, Subdivided
FencingBack Yard, Wood
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected
UtilitiesUnderground Utilities

SubdivisionParklane Estates

ElementaryWheeler
Middle schoolWheeler
High schoolWheeler
DistrictWheeler ISD

Gross income$160,000 per year
Operating expenses$55,000 per year
Operating includesAdvertising, Capital Improvements, Legal, Maintenance, Maintenance Grounds, Maintenance Structure, New Tax, Pest Control, Professional Management, Supplies, Utilities, Water/Sewer
Insurance$22,500 per year
Cap rate2.08% — as listed
Net operating income$78,000 per year

MLS #21061984
Source
Price changeIncreased by $1,500,000 · Mar 29, 2026
On the market194 days
CountyWheeler

Around this home

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Listing courtesy of RiverCrest Realty — Chip Hill.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21061984. Information last updated March 29, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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