Wichita Falls Multifamily Buyer
Sell Your Commercial Property In Wichita Falls, TX
Own a commercial apartment building of five or more units in Wichita Falls? We purchase multifamily properties around Downtown Wichita Falls, Country Club, and the rest of Wichita County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Wichita Falls · Country Club · Burkburnett · Iowa Park — Wichita County, TX
The Wichita Falls Market
What Drives Rentals In Wichita Falls
Wichita Falls, Texas sits in a Wichita County market of 129,996 residents built around Sheppard Air Force Base, Midwestern State University and United Regional Health Care System. ACS 2020-2024 data put the city's population at 102,581, with 43.6% of its 38,169 occupied homes renter-occupied and a median gross rent of $1,022 a month. Owners who sell commercial property in Wichita Falls, TX are working with a stock where 18.9% of units sit in five-or-more-unit buildings and the median unit dates to 1972. Rental vacancy runs 10.8%, and HUD's FY2027 fair market rents range from $839 to $1,740 across the Wichita Falls, TX MSA.
Sheppard Air Force Base
Sheppard AFB supports 5,136 total direct jobs, including 1,963 active-duty personnel and 1,634 civilians, and hosts the 80th Flying Training Wing's Euro-NATO Joint Jet Pilot Training program (Texas Comptroller, 2025).Midwestern State University
Midwestern State University enrolls 5,518 students on its Taft Boulevard campus, a renter base that supports demand whenever an owner looks to sell multifamily property in Wichita Falls near campus (MSU Texas Quick Facts).United Regional Health Care System
United Regional Health Care System operates 278 acute-care beds, the largest count in Wichita County, drawing staff who rent apartments near downtown (Texas Association of Counties, 2023 data).Our Buy Box
What We Buy In Wichita Falls
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Wichita Falls Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Wichita Falls, TX
Renters occupy 43.6% of Wichita Falls' 38,169 occupied homes, or 16,637 households, under Census Bureau ACS 2020-2024 estimates (Table B25003). Midwestern State University's 5,518 students and United Regional Health Care System staff both feed that renter pool near downtown and the University Drive corridor.
Only 18.9% of the city's 43,371 housing units sit in buildings of five or more apartments, and 54.2% predate 1980, with a median year built of 1972 (Table B25024). That age profile is why an owner weighing selling commercial property in Wichita Falls, TX often fields deferred-maintenance questions before buyers commit.
Rents and affordability in Wichita Falls, TX
An investor who wants to sell commercial real estate in Wichita Falls, TX should start from the $1,022 median gross rent against a $60,177 median household income (ACS 2020-2024, Tables B25064 and B19013). Even so, 40.6% of renter households pay 30% or more of income toward rent and 17.1% pay 50% or more, leaving room for units priced to HUD benchmarks.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $839 |
| One-bedroom | $949 |
| Two-bedroom | $1,145 |
| Three-bedroom | $1,542 |
| Four-bedroom | $1,740 |
Those figures cover the Wichita Falls, TX HUD Metro FMR Area for fiscal year 2027 (HUD FMR documentation). The 10.8% rental vacancy rate (ACS 2020-2024, Table DP04, margin of error 2.0 points) lets a buyer underwrite in-place rents against market rent.
Property taxes in Wichita County
A $2,000,000 Wichita Falls apartment building owes about $45,582 a year in combined tax under 2025 rates from the Wichita County Appraisal District (Truth-in-Taxation rates): $0.521303 per $100 to the county, $0.682500 to the City of Wichita Falls (city tax rate page), and $1.075287 to Wichita Falls ISD.
That splits to $10,426 county, $13,650 city and $21,506 school district. Texas charges no transfer tax: the Constitution bars any new tax on a conveyance of fee-simple title after January 1, 2016 (Texas Constitution, Art. 8, Sec. 29(a)). Many owners decide to sell commercial property in Wichita Falls, TX because that $2.28 combined rate drives annual carrying cost.
Landlord rules in Wichita Falls, TX
Property Code Section 92.103 gives a landlord 30 days after a tenant surrenders the unit to refund a deposit, and Section 92.109 presumes bad faith, with liability for $100 plus three times the amount withheld, if that deadline is missed (Property Code Sec. 92.109). Section 24.005 requires three days' written notice to vacate before a forcible-detainer suit, unless the lease sets a different period.
Local Government Code Section 214.902 lets a city adopt rent control only after a governor-approved disaster emergency, so Wichita Falls has none (Local Government Code Sec. 214.902). If you plan to sell your apartment building in Wichita Falls, these statewide rules carry over to the new owner.
What it means for an owner in Wichita Falls, TX
Wichita Falls pairs a $2.28 combined tax rate with a renter pool anchored by Sheppard Air Force Base's 5,136 direct jobs and Midwestern State University's 5,518 students. Owners who sell commercial property in Wichita Falls, TX can model acquisition economics with the cap rate calculator before listing.
Skyline Capital Investments buys 5+ unit apartment buildings directly from owners across Wichita Falls, so a seller can skip the listing process at Sell My Apartment Building.
Good To Know
Wichita Falls Seller Checklist
More about selling in Texas →Investing in Wichita Falls? See apartment syndications in Wichita Falls →
- Wichita Falls ISD's $1.075287 rate is the largest piece of the $2.28 combined tax rate on apartment property.
- An owner planning to sell commercial real estate in Wichita Falls, TX should confirm current rates with the appraisal district before closing.
- Rental vacancy near 10.8% and 40.6% rent-burdened renters point to steady but price-sensitive demand across the older unit stock.
Seller Guides
Wichita Falls Seller Situations
Learn More
Taxes & Rules For Wichita Falls Property
The Texas rules that shape any deal in Wichita Falls: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Wichita Falls Seller FAQ
What does it cost in property tax to sell commercial property in Wichita Falls, TX?
A $2,000,000 Wichita Falls apartment building pays about $45,582 a year combining Wichita County's $0.521303, the city's $0.682500 and Wichita Falls ISD's $1.075287 rate per $100 of value, each adopted for the 2025 tax year by the county appraisal district.
Is it a good time to sell commercial real estate in Wichita Falls, TX?
Rental vacancy sits at 10.8% and 40.6% of renters already pay 30% or more of income toward rent, so well-maintained units near Sheppard Air Force Base and Midwestern State University keep attracting demand even as 54.2% of the housing stock predates 1980.
How long does a tenant have to get a security deposit back after I sell my building?
Property Code Section 92.103 gives a landlord, including a new owner after a sale, 30 days from the date the tenant surrenders the unit to refund the deposit, and Section 92.109 presumes bad faith if that deadline passes unmet.
Does Wichita Falls have rent control?
No. Local Government Code Section 214.902 only lets a city adopt rent control after the governor approves a disaster-driven emergency, and Wichita Falls has no such declaration, so rents are set by the market.
What drives apartment demand in Wichita Falls?
Sheppard Air Force Base supports 5,136 direct jobs and trains NATO-ally pilots through the 80th Flying Training Wing, Midwestern State University enrolls 5,518 students, and United Regional Health Care System runs 278 acute-care beds anchoring renter demand.
Do I need to fix up my Wichita Falls building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Do you work with Wichita Falls brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Wichita Falls, and we keep every conversation confidential.
Is it possible to sell rental property in Wichita Falls without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Wichita Falls?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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