1100 S Wicker Avenue, Littlefield, TX 79339

$2,400,000
Property Type: MultiFamily Status: Active
Current Price: $2,400,000 Last Modified: 5/05/2026

Overview

Description

Oak Terrace Apartments presents a value-add multifamily investment opportunity located in close proximity to Highway 385 and Highway 84 at 1100 S Wicker Avenue in Littlefield, Texas. The property generated approximately $238,940 in trailing NOI on $340,126 in total income, supporting a 9.96% cap rate. The property consists of 45 units and is currently operating at approximately 93% occupancy with strong collections and consistent income performance. Current ownership has maintained the asset, but rents remain below market averages, creating an opportunity for investors to increase NOI through strategic rent adjustments.

Listing Details MLS# 26-3673

Property Information

To Be Auctioned
No
Zone
6000 – All areas in the 6000's
Area
6000 – S & W of Randall
Realtor.COM Type
Multi-Family
Year Built
1970
Source of Sq Ft
Appraisal District
Photos are Virtually Staged
No

Taxes and Legal Information

House #
1100
Street Direction Pfx
S
Street Name
Wicker
Street Sfx
Avenue
State/Province
TX
Postal Code
79339
County
Lamb
Legal
SOUTHMOOR ADDITION, W/145' BLOCK A & B & W/50' OF E/198.8 BLOCK B, SOUTHMOOR ADDITION, W/145' BLOCK C, SOUTHMOOR ADDIT

Listing Info

L/A Supervisor Name
Bill Chudej
Supervisor's Phone #
806-358-7151
L/A Supervisor License Number
331043
Exchange For
CAsh
Directions
South on Wicker property is on the left.

Documents

Listing Office: FIMC Commercial Realty
Listing Agent: Kirk Chudej
Last Updated: May – 05 – 2026
Information deemed reliable but not guaranteed.
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