408 N Wichita Street, Electra, TX 76360

Local realty services provided by:Better Homes and Gardens Real Estate The Bell Group
408 N Wichita Street,Electra, TX 76360
$40,000
  • 5 Beds
  • 2 Baths
  • 2,584 sq. ft.
  • Single family
  • Active
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.

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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
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated November 25, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate The Bell Group.