Amarillo Multifamily Investment
1408 SW 12th Avenue, Amarillo, TX 79102
MULTI_FAMILY - Amarillo, TX
Property size:
1,770 SFLot size:
0.04 AcresPrice / SF:
$135/SF- Added:
- Jan 13, 2026
- Days on Market:
- 140
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 1408 SW 12th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
- Appliances
- Dishwasher
- Standard status
- Active
- APN
- 188665
- Size
- 1,770 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Description
- UNIVERSITY HEIGHTS LOTBLOCK 0020 43 AND 44
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Number of units
- 2
- Building materials
- Siding, Frame
- Roof type
- Composition, Built-Up
Listing agent John Broadfoot Jr., L.L.C. (806) 352-5300
Listing office Amarillo's Parkview Realty, LLC 5005 Lexington Square, Amarillo, TX (806) 352-5300
Listing date Jan 13, 2026
MLS# 26-132
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.
HighLights
- Turnkey Investment Property: Fully renovated front (3 bed, 2 bath) and rear (1 bed) houses are currently rented for immediate income.
- Extensive Renovations: The front house features new paint, flooring, kitchen cabinets, water heater, water lines, gas line, and sewer line.
- Separate Utilities: Simplify management with split utilities between the two properties.
- Rear House Upgrades: Enjoy new water lines, a new sewer line, new kitchen cabinets, and a new driveway in the rear house.
- Low‑Maintenance Exterior: Both houses feature siding, reducing ongoing maintenance costs.
- Central Heat and Air (Front House): The front house has central heat and air.
Overview
This multifamily property is located in Amarillo, Texas, specifically in the Bivins neighborhood. The property includes two houses. The front house features low-maintenance siding, central heat and air, and has been fully remodeled with new paint, flooring, kitchen cabinets, a water heater, and water lines both inside and outside. A new gas line has been installed in the yard and house, along with a new sewer line. This house contains three bedrooms, two full bathrooms, and a one-car garage. It is currently rented. Utilities are split between both properties. The rear house is all-electric and features siding, new water lines inside and outside, a new sewer line, new kitchen cabinets, and a new driveway. This one-bedroom house is also currently rented. The property lot size is 0.04 acres, and the total property size is 1770 square feet. This property is an investment opportunity.
Local 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 | $20.2k | $11.40 |
| − Vacancy | −$1.1k | −$0.63 |
| EGI | $19.1k | $10.77 |
| − OpEx | −$5.7k | −$3.23 |
| NOI | $13.3k | $7.54 |
1,770 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.9K – $222.5K
NOI $13,348 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$167.7K
$146.7K – $195.7K
NOI $11,739 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$395.2K
$345.8K – $461.1K
NOI $27,663 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.854283
- Latitude
- 35.203154
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex in Bivins neighborhood, ideal for investors.
Where is this duplex located?
The property is located at 1408 SW 12th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Turnkey Investment Property: Fully renovated front (3 bed, 2 bath) and rear (1 bed) houses are currently rented for immediate income.; Extensive Renovations: The front house features new paint, flooring, kitchen cabinets, water heater, water lines, gas line, and sewer line.; Separate Utilities: Simplify management with split utilities between the two properties.
