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1/23
$33,500
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Property Description
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.
Full Property Details
Full Property Details for 408 N Wichita St
General
- Price: $33,500
- Taxes: $1,664
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21159255
- Updated: 1/20/2026
- Added to Site: 38 day(s) ago
Interior
- Interior Features: Other
- Appliances: Gas Oven, Gas Range
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: Open
Location
- County: Wichita
- Subdivision: Original Town E
- Driving Directions: From US-287 in Electra, travel east on W-State Highway 25 for 0.8 mile, then turn left (north) onto N Wichita St and continue 0.3 mile to the property on the right.
School Information
- Elem School District: Electra ISD
- Midd School District: Electra ISD
- High School District: Electra ISD
- Elementary School: Dinsmore
- High School: Electra
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Ranch, Detached
- Structure Type: House
- Detached/Attached: Detached
- Roof: Metal
- Stories/Levels: 1
- Living Area: 2,584 Sq. Ft.
- Year Built: 1935
Lot Features
- Lot Size (Acres): 0.161
- Lot Size (Sq. Ft.): 7,013.16
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $1,664
Disclosures and Reports
- Legal Description: LOT 7 & 8 BLK 48 ORIGINAL TOWN, E
- Property ID: 112312
- Block: 48
- Lot Number: 7 & 8
Listed by Joseph Walter Realty, LLC, Edward Mcclintick
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Schools
Schools serving 408 N Wichita St
School District:Electra Independent School District
| Name | Grades | Distance |
|---|---|---|
Electra Elementary School 601 South Bailey Street, Electra, TX 76360 | PK-6 | 0.7 mi |
Electra Junior/Senior High School 200 W Anderson, Electra, TX 76360 | 7-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 408 N Wichita St
Date
Details
Price
Change
Source
1/20/2026
Listed
$33,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 408 N Wichita St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,631
459%
$65,138
10%
2023
$650
—
$59,216
3%
2023
$650
-22%
$57,521
9%
2022
$831
-49%
$52,663
-18%
2021
$1,627
7%
$64,530
8%
2020
$1,514
1%
$59,735
2%
2019
$1,502
9%
$58,852
8%
2018
$1,382
2%
$54,389
1%
2017
$1,359
1%
$53,612
-2%
2016
$1,348
—
$54,629
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 408 N Wichita St
408 N Wichita Street, Electra, TX 76360 (MLS# 21159255) is a Single Family property with 5 bedrooms and 2 full bathrooms. 408 N Wichita Street is currently listed for $33,500 and was received on January 20, 2026. Want to learn more about 408 N Wichita Street? Do you have questions about finding other Single Family real estate for sale in Electra? You can browse all Electra real estate or contact a Coldwell Banker agent to request more information.
