Triplex with Three Rental
For Sale
$239,000
1614 S Hayden Street, Amarillo, TX 79102
MultiFamily, Amarillo, TX
Property Size1,372 SF
Price / SF$174.20
Days on Market28
Property Features for 1614 S Hayden Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2
Directions
From I-40 Exit Washington Turn West on 17th and North on South Hayden to property
Subdivision
0101 - Bivins
Standard status
Active
APN
109587
Size
1,372 SF
Taxes and HOA fees
Tax Description
HUGHES ADDN, BLK 0123, S 7.68FT OF 7 & ALL OF 8
Legal Description
HUGHES ADDN, BLK 0123, S 7.68FT OF 7 & ALL OF 8
Building Details
Year built
1926
Number of units
3
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Tamara Lemaster · License #710737
(806) 599-9900
Added: Jul 27
Changed: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 26-6023
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 triplex at 1614 S Hayden Street offers three income-producing units under month-to-month leases. The unit mix includes a 2-bedroom, 1-bath apartment, a 1-bedroom, 1-bath apartment, and an efficiency apartment—providing multiple rental options within one property. The property totals 1,372 SF and was built in 1926. A newer roof is reported by the seller.
All three units are currently occupied, giving the opportunity for immediate rental cash flow while still allowing flexibility for future plans. The property is located in the Bivins neighborhood of Amarillo in Potter County.
With its three distinct unit types and existing occupancy, this triplex can fit an investor seeking a straightforward, multi-unit rental structure or an owner looking to live in one unit while renting the others.
All three units are currently occupied, giving the opportunity for immediate rental cash flow while still allowing flexibility for future plans. The property is located in the Bivins neighborhood of Amarillo in Potter County.
With its three distinct unit types and existing occupancy, this triplex can fit an investor seeking a straightforward, multi-unit rental structure or an owner looking to live in one unit while renting the others.
Key Highlights
- Three income‑producing units with month‑to‑month leases
- Unit mix: 2‑bedroom 1‑bath, 1‑bedroom 1‑bath, and efficiency apartment
- 1,372 SF triplex built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,920
$206.9K
Cap Rate 7%
$147,800
$147.8K
Cap Rate 9%
$114,956
$115.0K
Market Conditions
NOI Build-Up for 1,372 SF
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.
Gross rent
$15.6K $11.40/SF
− Vacancy
−$860 −$0.63/SF
EGI
$14.8K $10.77/SF
− OpEx
−$4.4K −$3.23/SF
NOI
$10.3K $7.54/SF
Area
Amarillo, TX
Vacancy
5.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,920
Cap Rate 7%
$147,800
Cap Rate 9%
$114,956
Alternative Uses
Best Use
Multifamily LT 5
$147.8K
$129.3K – $172.4K
NOI $10,346 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$130.0K
$113.7K – $151.7K
NOI $9,099 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex in Bivins with three occupied units on month-to-month leases, including two-bedroom and efficiency layouts.
Where is this triplex located?
The property is located at 1614 S Hayden Street Amarillo, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Three income‑producing units with month‑to‑month leases; Unit mix: 2‑bedroom 1‑bath, 1‑bedroom 1‑bath, and efficiency apartment; 1,372 SF triplex built in 1926
