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    Amarillo, TX 79109

    Sponsored
    For Sale
    $2,683,900

    MULTI_FAMILY - Amarillo, TX

    Days on Market:
    17
    Last Refresh:
    Mar 4 at 1:06 am

    Property Features for

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 16, Bathroom 33, Bathroom 4, Bathroom 15, Bedroom 2, Bedroom 11, Bedroom 29, Bathroom 26, Bedroom 37, Bathroom 14, Bedroom 19, Bedroom 8, Bedroom 26, Bathroom 7, Bathroom 30, Bedroom 5, Bathroom 17, Bedroom 14, Bathroom 22, Bathroom 3, Bathroom 10, Bathroom 12, Bedroom 25, Bathroom 18, Bathroom 19, Bathroom 5, Bedroom 34, Bathroom 13, Bathroom 28, Bedroom 30, Bedroom 17, Bedroom 3, Bedroom 31, Bedroom 7, Bedroom 24, Bedroom 18, Bedroom 33, Bathroom 1, Bathroom 11, Bathroom 16, Bathroom 8, Bathroom 24, Bathroom 31, Bedroom 36, Bedroom 21, Bedroom 23, Bedroom 27, Bathroom 34, Bathroom 23, Bedroom 4, Bedroom 10, Bedroom 13, Bedroom 6, Bathroom 9, Bathroom 29, Bathroom 25, Bathroom 27, Bedroom 12, Bedroom 32, Bedroom 1, Bedroom 28, Bedroom 35, Bathroom 21, Bedroom 15, Bedroom 38, Bedroom 39, Bedroom 20, Bathroom 32, Bedroom 9, Bathroom 2, Bathroom 6, Bedroom 22, Bathroom 20
    Bedrooms
    39

    Building Details

    Year built
    1950
    Number of units
    12

    We can help!

    Listing Contact
    Cornerstone Realty Group
    Cornerstone Realty Group

    RockOne Realty, LLC (806) 599-9900

    Listing agent Cornerstone Realty Group

    Listing date Feb 16, 2026

    MLS# 25-7476 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.

    Learn more

    Overview

    Amarillo Multifamily Investment Opportunity

    A portfolio of 12 single-family homes in Amarillo, TX is available for purchase. The properties feature between 3 to 5 bedrooms and 2 to 4 bathrooms, each with an attached garage. The portfolio includes a mix of income streams, with 8 homes currently operating as short-term rentals and 4 homes leased to long-term tenants. The included addresses are 3604 Julie, 3406 Patterson, 4427 Summit, 4307 W Hills Trl, 133 N Beverly, 129 N Beverly, 1221 Austin, and 4004 Terrace. Addresses exclusive to the package include 3802 Lewis, 4413 SW 2nd, 126 N Beverly, and 5412 SW 15th. This package offers immediate cash flow with potential for long-term growth through short-term rentals or long-term leasing.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -102.044
    Latitude
    35.1515

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    FAQs

    What type of property is this?
    Single family property - Portfolio of 12 homes in Amarillo, TX for sale.
    Where is this single family property located?
    The property is located at Amarillo, TX.
    What is the asking price?
    The asking price for this property is $2,683,900.
    What are key features of this property?
    This property features: - Portfolio of 12 single-family homes in Amarillo, TX.; - Mix of income streams: **8 short-term rentals (Airbnb) and 4 long-term tenant leases.**; - **Immediate cash flow with long-term upside potential.**
    (806) 599-9900
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    Amarillo, TX 79109
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Amarillo, TX 79109
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    We can help!
    Listing Contact
    Cornerstone Realty Group
    Cornerstone Realty Group
    (806) 599-9900 (806) 282-1465
    Learn more
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