Frame Quadplex with Central
For Sale
$305,000
1008 SW 11TH Avenue, Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Size2,090 SF
Price / SF$145.93
Days on Market86
Property Features for 1008 SW 11TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 7
Appliances
Microwave, Disposal, Dishwasher, Cooktop
Directions
From I-40, take S Washington St north. Left onto SW 11th Ave, property will be on your right.
Subdivision
0101 - Bivins
Standard status
Active
Size
2,090 SF
Taxes and HOA fees
Tax Description
MADDEN ADDN, BLK 0004, LOTS 14 & 15, 0.4000 ACRES
Legal Description
MADDEN ADDN, BLK 0004, LOTS 14 & 15, 0.4000 ACRES
Utilities
Cooling system
Central Air, Electric
Building Details
Year built
1918
Number of units
4
Building materials
Frame
Roof type
Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Derek Manasco · License #783733
(214) 202-7615
Added: May 8
Changed: Jul 31
Last Checked: Aug 1 at 4:06AM
MLS# 26-3780
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 quadplex at 1008 SW 11th Avenue offers frame construction with central air and electric cooling. The home was built in 1918 and has a composition roof. Inside, the layout includes eight bedrooms and four bathrooms, supporting multiple tenant options within one income-producing property.
The property is located in established area of Amarillo and is described as being just minutes from I-40, with close proximity to Amarillo International Airport. It’s also positioned near Amarillo’s revitalized downtown district with local dining and entertainment.
Kitchen appliances include a microwave, disposal, dishwasher, and cooktop. Additional building systems and finishes include central air, electric cooling, and a composition roof, creating a straightforward residential setup for ongoing rental use.
The property is located in established area of Amarillo and is described as being just minutes from I-40, with close proximity to Amarillo International Airport. It’s also positioned near Amarillo’s revitalized downtown district with local dining and entertainment.
Kitchen appliances include a microwave, disposal, dishwasher, and cooktop. Additional building systems and finishes include central air, electric cooling, and a composition roof, creating a straightforward residential setup for ongoing rental use.
Key Highlights
- 1008 SW 11th Avenue quadplex in Amarillo, TX 79107‑3354
- Frame construction with composition roof
- Central air with electric cooling
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 |
2,090 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$198.0K
$173.3K – $231.0K
NOI $13,861 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 79107, TX
37,480
Population
12,346
Households
3
Avg Household Size
34
Median Age
6%
College-Educated
61%
High-School Grad
19.6 sq mi
ZIP Area
1,912
Density / Sq Mi
$39,474
Median Household Income
$28,084
Median Earnings
$1,016
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Frame quadplex with central air and electric cooling, positioned in an established Amarillo rental area.
Where is this quadplex located?
The property is located at 1008 SW 11TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1008 SW 11th Avenue quadplex in Amarillo, TX 79107‑3354; Frame construction with composition roof; Central air with electric cooling
