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    Amarillo Duplex Investment Opportunity Title is generated by Realmo AI

    310 S PROSPECT Street, Amarillo, TX 79106

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    Claim this Listing
    For Sale
    $120,000

    MULTI_FAMILY - Amarillo, TX

    Property size:
    1,224 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $98/SF
    Added:
    Apr 17, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 15 at 8:06 am

    Property Features for 310 S PROSPECT Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
    Appliances
    Refrigerator, Range
    Standard status
    Active
    Size
    1,224 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    SAN JACINTO HEIGHTS LOT 004 BLOCK 0230

    Building Details

    Year built
    1927
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    DeeDee Bennett

    Listing agent DeeDee Bennett

    Listing office Fathom Realty, LLC 5601 I-40 STE 220, Amarillo, TX

    Listing date Apr 17, 2026

    MLS# 26-3210 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

    • Duplex built in 1927 with frame construction and a composition roof
    • Two leased 1‑bedroom, 1‑bath units, each 612 SF (total 1,224 SF of living area)
    • Each unit includes a refrigerator and range
    • Separate entrances for each unit
    • Layout includes Bedroom 1 and Bedroom 2, plus Bathroom 1 and Bathroom 2

    Overview

    This property is a cash-flowing duplex, presenting an opportunity for real estate investment. It features two units, each with one bedroom and one bathroom, and each unit is 612 square feet. The property is currently leased and generating rental income. The layout is designed for easy management, with separate entrances for each unit. The architectural style is traditional. The duplex sits on a spacious lot of 0.16 acres. It is located in Amarillo, Texas, within the postal code 79106, and is situated in Potter County.

    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 $14.0k $11.40
    − Vacancy −$767 −$0.63
    EGI $13.2k $10.77
    − OpEx −$4.0k −$3.23
    NOI $9.2k $7.54
    1,224 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $131.9K
    $115.4K – $153.8K (±1% cap)
    NOI $9,230 @ 7.0% cap · market cap 7.69%
    Second Best
    Apartment 5plus
    $116.0K
    $101.5K – $135.3K (±1% cap)
    NOI $8,118 @ 7.0% cap · market cap 6.77%
    Theoretical Best
    Office A
    $273.3K
    $239.1K – $318.8K (±1% cap)
    NOI $19,130 @ 7.0% cap · market cap 15.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.879601
    Latitude
    35.213708

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    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex with steady occupancy and long-term potential.
    Where is this duplex located?
    The property is located at 310 S PROSPECT Street Amarillo, TX.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Duplex built in 1927 with frame construction and a composition roof; Two leased 1‑bedroom, 1‑bath units, each 612 SF (total 1,224 SF of living area); Each unit includes a refrigerator and range
    (806) 433-2067
    We can help!
    Listing Contact
    DeeDee Bennett
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