Duplex With Rear
For Sale
$229,000
Pending
4215 SW 12TH Avenue, Amarillo, TX 79106
MultiFamily, Amarillo, TX
Property Size1,582 SF
Days on Market52
Property Features for 4215 SW 12TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Appliances
Range, Dishwasher
Directions
North on Western to SW 12th, west to 4215.
Subdivision
0105 - Country Club/Avondale
Standard status
Pending
APN
121429
Size
1,582 SF
Taxes and HOA fees
Tax Description
ROBERTS PLACE, LOT 002, BLK 0028, ODOM-COTTEN SUB
Legal Description
ROBERTS PLACE, LOT 002, BLK 0028, ODOM-COTTEN SUB
Utilities
Cooling system
Central Air
Building Details
Year built
1933
Roof type
Composition
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Jeanette Douglass
(806) 236-2315
Added: Aug 4
Changed: Sep 5
Last Checked: Sep 24 at 12:06AM
MLS# 26-6257
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 1,582-square-foot duplex, built in 1933, pairs a three-bedroom, two-bath main residence with an efficiency apartment at the rear. The primary home includes original hardwood flooring, a front porch, a fireplace, and a decorative mock fireplace. The apartment provides a walk-in shower and its own laundry area.
Located in Amarillo’s Country Club area, the property includes a range, dishwasher, central air, and a composition roof. New incoming gas and sewer lines behind the home are scheduled for March 2026. A survey is included.
Located in Amarillo’s Country Club area, the property includes a range, dishwasher, central air, and a composition roof. New incoming gas and sewer lines behind the home are scheduled for March 2026. A survey is included.
Key Highlights
- 1,582 SF duplex built in 1933
- Three‑bedroom, two‑bath main residence
- Rear efficiency apartment with walk‑in shower and separate laundry
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
$11,930
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
5.21%
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%
$238,600
$238.6K
Cap Rate 7%
$170,429
$170.4K
Cap Rate 9%
$132,556
$132.6K
Market Conditions
NOI Build-Up for 1,582 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
$18.0K $11.40/SF
− Vacancy
−$992 −$0.63/SF
EGI
$17.0K $10.77/SF
− OpEx
−$5.1K −$3.23/SF
NOI
$11.9K $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%
$238,600
Cap Rate 7%
$170,429
Cap Rate 9%
$132,556
Alternative Uses
Best Use
Multifamily LT 5
$170.4K
$149.1K – $198.8K
NOI $11,930 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$149.9K
$131.2K – $174.9K
NOI $10,492 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 1933 property with a three-bedroom main residence and separate efficiency apartment.
Where is this duplex located?
The property is located at 4215 SW 12TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,582 SF duplex built in 1933; Three‑bedroom, two‑bath main residence; Rear efficiency apartment with walk‑in shower and separate laundry
