Updated Quadplex Income
1000 SW 11th Avenue Amarillo, TX 79101
New
For Sale
$425,000
MULTI_FAMILY - Amarillo, TX
Property Size4,240 SF
Price / SF$100.24
Days on Market3
Property Features for 1000 SW 11th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 4
- Standard status
- Active
- APN
- 214138
- Size
- 4,240 SF
Taxes and HOA fees
- Tax Description
- MADDEN ADDN, LOT 011, BLK 0004
Building Details
- Year built
- 1941
- Number of units
- 4
- Roof type
- Composition
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Anastasia Blanda
(806) 359-4000
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# 26-5908
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 updated quadplex includes four residential units: three 1-bedroom, 1-bath units currently leased, and one vacant 3-bedroom, 2-bath unit. The property features a fenced yard and has separate utility metering, supporting straightforward management.
Improvements noted in the remarks include a new roof, new sewer lines, updated electric, and a new HVAC system in Unit 1.
The current layout provides a mix of occupied and vacant space, with the vacant unit offering flexibility for an owner-occupant or additional rental income.
Improvements noted in the remarks include a new roof, new sewer lines, updated electric, and a new HVAC system in Unit 1.
The current layout provides a mix of occupied and vacant space, with the vacant unit offering flexibility for an owner-occupant or additional rental income.
Key Highlights
- Quadplex built in 1941 with 4 units total: three 1‑bedroom, 1‑bath units leased and one vacant 3‑bedroom, 2‑bath unit.
- Project cap rate listed at 9.25%.
- Recent updates include a new roof, new sewer lines, and updated electric.
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 | $48.3k | $11.40 |
| − Vacancy | −$2.7k | −$0.63 |
| EGI | $45.7k | $10.77 |
| − OpEx | −$13.7k | −$3.23 |
| NOI | $32.0k | $7.54 |
4,240 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$401.7K
$351.5K – $468.7K
NOI $28,121 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$946.7K
$828.3K – $1.10M
NOI $66,266 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Updated quadplex with three leased 1-bedroom units and one vacant 3-bedroom unit, with fenced yard and separate metering.
Where is this quadplex located?
The property is located at 1000 SW 11th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Quadplex built in 1941 with 4 units total: three 1‑bedroom, 1‑bath units leased and one vacant 3‑bedroom, 2‑bath unit.; Project cap rate listed at 9.25%.; Recent updates include a new roof, new sewer lines, and updated electric.
