408 N Wichita Street, Electra, TX 76360
Local realty services provided by:Better Homes and Gardens Real Estate The Bell Group
Listed by: edward mcclintick888-227-1009
Office: joseph walter realty, llc.
MLS#:21119857
Source:GDAR
Price summary
- Price:$40,000
- Price per sq. ft.:$15.48
About this home
This offering presents an attractive investment opportunity in the small oil-town community of Electra, Texas (ZIP 76360). The subject property at 408 N Wichita St is a spacious 2,584 sq ft, 6-bed -2-bath home built circa 1935 on a 7,000 sq ft lot. With such a large footprint and plenty of bedrooms, it lends itself to multiple value-add strategies, whether as a rental to multiple tenants or as a full rehab for flip or long-term hold. The affordability in this market means an investor can achieve a favorable entry cost, then capture upside via rental arbitrage, light improvements, and-or position for appreciation as the neighborhood evolves. The proximity to local amenities, modest local competition, and the size of the home all point to strong upside for those willing to invest in repositioning it.
Contact an agent
Home facts
- Year built:1935
- Listing ID #:21119857
- Added:1 day(s) ago
- Updated:November 25, 2025 at 03:40 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,584 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Electric
- Heating:Central, Electric, Natural Gas
Structure and exterior
- Roof:Metal
- Year built:1935
- Building area:2,584 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Electra
- Elementary school:Dinsmore
Finances and disclosures
- Price:$40,000
- Price per sq. ft.:$15.48
- Tax amount:$1,664
New listings near 408 N Wichita Street
$49,999Active4 beds 2 baths1,774 sq. ft.102 W Wharton Avenue, Electra, TX 76360
MLS# 21068864Listed by: COREY SIMPSON & ASSOCIATES
$16,900Pending3 beds 2 baths1,216 sq. ft.300 S Waggoner Street, Electra, TX 76360
MLS# 20993286Listed by: JOSEPH WALTER REALTY, LLC
$30,649Active2 beds 1 baths1,124 sq. ft.509 N Waggoner Street, Electra, TX 76360
MLS# 51072892Listed by: 1ST TEXAS REALTY SERVICES
$16,149Active0.34 AcresLots 4 & 5 E Front Avenue, Electra, TX 76360
MLS# 80874056Listed by: 1ST TEXAS REALTY SERVICES
$40,999Active3 beds 2 baths864 sq. ft.204 E Bryan Avenue, Electra, TX 76360
MLS# 90950717Listed by: 1ST TEXAS REALTY SERVICES
$17,099Pending3 beds 1 baths1,232 sq. ft.510 E Franklin Avenue, Electra, TX 76360
MLS# 3898912Listed by: 1ST TEXAS REALTY SERVICES
$26,999Active3 beds 1 baths1,292 sq. ft.502 E Franklin Avenue, Electra, TX 76360
MLS# 62604545Listed by: 1ST TEXAS REALTY SERVICES
$37,999Active3 beds 2 baths1,380 sq. ft.105 E Washington Avenue, Electra, TX 76360
MLS# 57781547Listed by: 1ST TEXAS REALTY SERVICES
$40,199Active2 beds 12 baths1,538 sq. ft.610 W Garrison Avenue, Electra, TX 76360
MLS# 20644920Listed by: 1ST TEXAS REALTY SERVICES