New 6-Plex Investment
10524 Tierra Santa Drive Amarillo, TX 79119
10524 Tierra Santa Drive, Amarillo, TX, 79119
$1,180,000
For Sale
$1,180,000
MULTI_FAMILY - Amarillo, TX
Property Size5,982 SF
Lot Size1.02 Acres
Price / SF$197.26
Days on Market168
Property Features for 10524 Tierra Santa Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 12
- Rooms
- Bedroom 11, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 10, Bathroom 10, Bedroom 3, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 9, Bedroom 12, Bathroom 6, Bathroom 9, Bathroom 5, Bedroom 2, Bathroom 11, Bathroom 12, Bathroom 8, Bathroom 1, Bedroom 6, Bathroom 7
- Appliances
- Refrigerator, Range, Microwave, Disposal, Dishwasher
- Standard status
- Active
- APN
- 312976
- Size
- 5,982 SF
- Lot size
- 1.02 Acres
Taxes and HOA fees
- Tax Description
- Lot 011, Blk 0005 Tierra Santa #3
Utilities
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2025
- Number of units
- 6
- Building materials
- Brick Veneer
- Roof type
- Composition
Listing Agency
Keller Williams Realty Amarillo
(806) 359-4000
3955 S Soncy Rd, Amarillo, TX
Listed by
The Connie Taylor Group
(806) 359-4000
Added: Feb 1 Checked: Jul 19 at 10:06 am
MLS# 26-36
Listing URL
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 newly constructed 6-plex in Amarillo, Texas, presents an investment opportunity with six identical units. Each unit features 2 bedrooms, 2 bathrooms, and a 1-car garage. The all-electric units are designed for energy efficiency and low maintenance. The spacious, open-concept living area allows for flexible furniture arrangement. Each kitchen is equipped with a range, microwave, dishwasher, disposal, and refrigerator, and features granite countertops. Durable luxury vinyl plank flooring is installed throughout each unit, offering both style and ease of maintenance. Each unit includes a covered back patio that opens to a private, low-maintenance gravel yard. The front yard is landscaped with grass and a sprinkler system. The property, situated on a 1.02-acre lot, is suitable for owner-occupants, long-term tenants, or short-term tenants. With a total property size of 5982 square feet, this turnkey property is ready to generate income.
Key Highlights
- Newly constructed 6‑plex, turnkey and ready to generate income.
- Six identical units, each with 2 bedrooms, 2 bathrooms, and a 1‑car garage.
- All‑electric units for energy efficiency and low maintenance.
Local Financial Insights For Apartment 5plus
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 | $76.1k | $12.72 |
| − Vacancy | −$4.0k | −$0.66 |
| EGI | $72.1k | $12.06 |
| − OpEx | −$32.5k | −$5.43 |
| NOI | $39.7k | $6.63 |
5,982 SF · lease $12.72/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,491 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newly constructed 6-plex with modern amenities, ready for income generation.
Where is this apartment building located?
The property is located at 10524 Tierra Santa Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Newly constructed 6‑plex, turnkey and ready to generate income.; Six identical units, each with 2 bedrooms, 2 bathrooms, and a 1‑car garage.; All‑electric units for energy efficiency and low maintenance.
