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#20979164, Damius Majors, Listing office: Majors Keys LLC
$72,500 List price
1603 Speedway Ave Wichita Falls, TX 76301
2 beds
1 full
1,080 sqft
0.2 acres
$67 / sqft
House
Property details
About 1603 Speedway Ave
Investor Special – Turnkey Rental with Value-Add Potential in Wichita Falls Excellent opportunity for investors! This 2-bedroom, 1-bath home is currently tenant-occupied by reliable, long-term tenants (10+ years) who always pay on time—offering immediate rental income and strong cash flow. The home is in livable condition but could benefit from cosmetic updates, presenting a great value-add opportunity. With improvements, the ARV (After Repair Value) is estimated at $135,000, allowing room for equity growth or increased rental rates. Located in a stable rental market, this property is a solid addition for both seasoned and first-time investors. Property sold As-Is. Seller is open to Onwer Finance, how ever Cash offers preferred
Highlights
Home typeSingle Family Residence
StatusActive
Size1,080 sqft
Lot size0.163 Acres
Year built1929
ParkingDriveway, Gravel
MLS #20868528
FireplaceLiving Room
Virtual tour
Summary
- Full Bathrooms: 1
- Appliances: Gas Range, Gas Water Heater, Refrigerator
- Basement: No
- Interior: Open Floorplan
- Fireplace: Living Room
- Total Bedroom Count: 2
- Parking: Driveway, Gravel
- Architectural Style: Detached
- List Price: $72,500
- Price/SqFt: $67
- Annual Tax Amount: $1,721
- Tax Year: 2024
- Directions: See GPS
- Year Built: 1929
- Living Area: 1,080 SqFt
- Lot Size: 0.163 Acres
- MLS Number: 20868528
- MLS Name: NTR
- Office Name: Realty of America, LLC
- Office Phone: (512) 788-9495
- Listing Agent: Naara Andrade
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last updated on: 7/16/2025, 9:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $74,158 | $1,721 |
| 2023 | $72,777 | $1,634 |
| 2022 | $64,082 | $1,634 |
| 2021 | $34,067 | $765 |
| 2020 | $29,963 | $768 |
| 2019 | $29,739 | $768 |
| 2017 | $29,646 | $768 |
History based on county public records data.
Nearby schools
5
Franklin Elementary School
Public District KG-5
1.0 mi
•2112 Speedway Ave
3
Southern Hills Elementary School
Public Magnet PK-5
1.2 mi
•3920 Armory Rd
3
Zundy Elementary School
Public District KG-5
1.5 mi
•1706 Polk St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,555. The most common annual income of people living in Wichita Falls, TX is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
23%
<35k
39%
35k-100k
11%
100k-200k
27%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
46%
Single, No Kids
8%
Single, with Kids
29%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
42%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Minor League Baseball Games
Figure Skating
Where do the neighbors shop?
Chico's
New York & Company
Express/Express For Men
Where do the neighbors go to eat?
Boston Market
Chick-fil-A
Bob Evans
What do the neighbors drive?
Volvo
Kia
Oldsmobile
What do the neighbors listen to?
Talk/Personality
News
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1603 Speedway Ave
The listing price of 1603 Speedway Ave property is $72,500.
The property 1603 Speedway Ave is a house located in Wichita Falls, Texas, 76301.
Active Listing: 1603 Speedway Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1603 Speedway Ave are: Franklin Elementary School (GreatSchools Rating 5/10), Southern Hills Elementary School (GreatSchools Rating 3/10), Zundy Elementary School (GreatSchools Rating 3/10), Barwise Middle School (GreatSchools Rating 5/10), Kirby Middle School (GreatSchools Rating 3/10), McNiel Middle School (GreatSchools Rating 5/10), Wichita Falls High School (GreatSchools Rating 2/10), Hirschi High School (GreatSchools Rating 2/10), Rider High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $1,721 (source: MLS/based on county public records data).
The property at 1603 Speedway Ave has 2 bedrooms and 1 bathroom.
The property 1603 Speedway Ave is 1,080 SqFt (source: MLS/tax record).
The year of construction for 1603 Speedway Ave is 1929.
This home is located at 1603 Speedway Ave in Wichita Falls, TX and zip code 76301. This 1,080 square foot home, which was built in 1929, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $72,500.
The number of listings in Wichita Falls, TX increased by 7.3% between May and June 2025. The median list price of listings available in June 2025 was $212,400, while the average time on the real estate market was 112 days.
From Rocket Homes Real Estate and based on county public records data.