3-Unit
106 NE 11th Avenue, Amarillo, TX 79107
For Sale
New
$135,000
MultiFamily, Amarillo, TX
Property Size1,320 SF
Price / SF$102.27
Days on Market4
Property Features for 106 NE 11th Avenue
General Information
Property type
Property subtype
Zoning description
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Listing Agency:
Wieck Realty, Inc.
(806) 236-4003
Listed By:
Kathryn Tow · License TX #709172
(806) 654-9955
Added: Nov 9
Last Checked: Nov 12 at 9:06AM
MLS# 26-8802
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 1,320-square-foot triplex, built in 1945, contains two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. The seller reports that the plumbing and electrical systems are new.
Located at 106 NE 11th Avenue in Amarillo, the property offers three separate residential units with a mix of one- and two-bedroom layouts.
Located at 106 NE 11th Avenue in Amarillo, the property offers three separate residential units with a mix of one- and two-bedroom layouts.
Key Highlights
- Three residential units: two 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit
- 1,320 square feet
- Seller reports new plumbing and electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,954
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,080
$199.1K
Cap Rate 7%
$142,200
$142.2K
Cap Rate 9%
$110,600
$110.6K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$15.0K $11.40/SF
− Vacancy
−$828 −$0.63/SF
EGI
$14.2K $10.77/SF
− OpEx
−$4.3K −$3.23/SF
NOI
$10.0K $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%
$199,080
Cap Rate 7%
$142,200
Cap Rate 9%
$110,600
Alternative Uses
Best Use
Multifamily LT 5
$142.2K
$124.4K – $165.9K
NOI $9,954 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$125.1K
$109.4K – $145.9K
NOI $8,755 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$294.7K
$257.9K – $343.8K
NOI $20,630 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Seller-reported plumbing and electrical updates complement a three-unit residential layout.
Where is this triplex located?
The property is located at 106 NE 11th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Three residential units: two 1‑bedroom/1‑bathroom units and one 2‑bedroom/1‑bathroom unit; 1,320 square feet; Seller reports new plumbing and electrical
