1008 SW 11TH Avenue, Amarillo, TX 79107
- Added:
- May 8, 2026
- Days on Market:
- 39
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 1008 SW 11TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 7, Bedroom 6
- Appliances
- Microwave, Disposal, Dishwasher, Cooktop
- Standard status
- Active
- Size
- 2,090 SF
Taxes and HOA fees
- Tax Description
- MADDEN ADDN, BLK 0004, LOTS 14 & 15, 0.4000 ACRES
Utilities
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1918
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Composition
Listing agent Derek Manasco (214) 202-7615
Listing office Real Broker, LLC 2626 Cole Ave Ste 300, Dallas, TX (855) 450-0442
Listing date May 8, 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
- Excellent investment opportunity in a high‑demand rental area.
- Minutes from Amarillo's revitalized downtown district with its dining, entertainment, and growth.
- Convenient access to I‑40 and Amarillo International Airport.
- Includes essential appliances: Microwave, Disposal, Dishwasher, Cooktop.
- Central air conditioning.
- Located in an established area.
Overview
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 | $23.8k | $11.40 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $22.5k | $10.77 |
| − OpEx | −$6.8k | −$3.23 |
| NOI | $15.8k | $7.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.849563
- Latitude
- 35.204237
