Amarillo Multifamily Investment
1008 SW 11TH Avenue Amarillo, TX 79107
For Sale
$305,000
MULTI_FAMILY - Amarillo, TX
Property Size2,090 SF
Price / SF$145.93
Days on Market84
Property Features for 1008 SW 11TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 8, Bathroom 4, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 1
Appliances
Microwave, Disposal, Dishwasher, Cooktop
Standard status
Active
Size
2,090 SF
Taxes and HOA fees
Tax Description
MADDEN ADDN, BLK 0004, LOTS 14 & 15, 0.4000 ACRES
Utilities
Cooling system
Electric, Central Air
Building Details
Year built
1918
Number of units
4
Building materials
Frame
Roof type
Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Derek Manasco
(214) 202-7615
Added: May 8
Changed: Jul 12
Last Checked: Jul 30 at 4:06AM
MLS# 26-3780
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property is located minutes from Amarillo's revitalized downtown district, which features local dining and entertainment. The property offers convenient access to I-40 and is within close proximity to Amarillo International Airport. Positioned in an established area with strong rental demand, this property presents an opportunity for investors looking to expand their portfolio with a well-located, income-producing property in the heart of Amarillo. The property size is 2090 square feet.
Key Highlights
- Built in 1918 with frame construction
- Central air cooling with electric HVAC
- Roof with composition shingles
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $11.40 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $22.5k | $10.77 |
| − OpEx | −$6.8k | −$3.23 |
| NOI | $15.8k | $7.54 |
2,090 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$198.0K
$173.3K – $231.0K
NOI $13,861 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property near downtown Amarillo with strong rental demand.
Where is this quadplex located?
The property is located at 1008 SW 11TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Built in 1918 with frame construction; Central air cooling with electric HVAC; Roof with composition shingles
