Building Details

Year built 1941

Number of units 4

Roof type Composition

Listing Agency: Keller Williams Realty Amarillo t**@thomaskile.com Show Phone

Listed By: Anastasia Blanda Show Phone

Added: Aug 25 Changed: Oct 27 Last Checked: Oct 28 at 1:06PM

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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.

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Investment Insights

Based on property information with market context.

This 4,240-square-foot quadplex, built in 1941, contains four apartments: three with one bedroom and one bathroom each, and a fourth with three bedrooms and two bathrooms. The three smaller units are leased; the larger apartment is vacant. Improvements include a new roof, new sewer lines, updated electrical service, and a new HVAC system in Unit 1. The property also has a fenced yard and separately metered utilities.

The projected cap rate is 9.25%.

Key Highlights

• Four units: three 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 2‑bath apartment
• Three units are leased; the 3‑bedroom apartment is vacant
• 4,240 square feet; built in 1941

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,974

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$639,480 $639.5K

Cap Rate 7%

$456,771 $456.8K

Cap Rate 9%

$355,267 $355.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,240 SF

Gross rent

$48.3K $11.40/SF

− Vacancy

−$2.7K −$0.63/SF

EGI

$45.7K $10.77/SF

− OpEx

−$13.7K −$3.23/SF

NOI

$32.0K $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 Rate 5%

$639,480

Cap Rate 7%

$456,771

Cap Rate 9%

$355,267

Alternative Uses

Best Use

Multifamily LT 5

$456.8K

$399.7K – $532.9K (±1% cap)

NOI $31,974 @ 7.0% cap · market cap 7.80%

Second Best

Apartment 5plus

$401.7K

$351.5K – $468.7K (±1% cap)

NOI $28,121 @ 7.0% cap · market cap 6.86%

Theoretical Best

Office A

$946.7K

$828.3K – $1.10M (±1% cap)

NOI $66,266 @ 7.0% cap · market cap 16.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,679

Businesses Nearby

Explore this area Business Placement

Demographics for 79101, TX

2,307

Population

1,309

Households

1.8

Avg Household Size

51

Median Age

15%

College-Educated

81%

High-School Grad

1.6 sq mi

ZIP Area

1,442

Density / Sq Mi

$40,313

Median Household Income

$36,409

Median Earnings

$898

Median Rent

$152,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four separate-metered residences include a larger vacant unit and three leased apartments.

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 $410,000.

What are key features of this property?

This property features: Four units: three 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 2‑bath apartment; Three units are leased; the 3‑bedroom apartment is vacant; 4,240 square feet; built in 1941