500 9th Avenue, Canyon, TX 79015
- Added:
- Jun 7, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 500 9th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Range
- Standard status
- Active
- APN
- 114368
- Size
- 1,734 SF
Taxes and HOA fees
- Tax Description
- MC GEE & HUTSON ADDN, BLK 0026, W 60FT OF NW/4 OF BLK, 0.2100 ACRES
Building Details
- Year built
- 1962
- Building materials
- Siding, Brick Veneer
- Roof type
- Composition
Listing agent Yvette Ayala (432) 413-3626
Listing office Heritage Real Estate 5030 E University Ste B401, Odessa, TX (432) 413-3626
Listing date Jun 7, 2026
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
- Investment Opportunity: Multi‑unit property generating rental income.
- Includes Two Separate Units: Each unit features 2 bedrooms and 1 bathroom.
- Corner Lot Location: Potentially desirable location.
- Both Units Currently Rented: Immediate income stream.
- Construction: Combination of Siding and Brick Veneer.
- Includes Range: Each unit equipped with a range appliance.
Overview
The duplex is located on a corner lot at 500 9th Avenue in Canyon, Texas, and the listing notes that the offering includes the property at 901 5th St. Entry and showings require an appointment.
For buyers seeking a straightforward, two-unit residential setup, the fixed unit mix of two bedrooms and one bathroom on each side supports consistent tenant leasing expectations. With both sides rented, the property may appeal to purchasers looking to acquire an income-producing duplex via cash or conventional financing, subject to lender and underwriting requirements.
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 | $21.4k | $12.36 |
| − Vacancy | −$2.4k | −$1.41 |
| EGI | $19.0k | $10.95 |
| − OpEx | −$5.7k | −$3.29 |
| NOI | $13.3k | $7.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.940629
- Latitude
- 34.97441
