Amarillo Triplex Investment
For Sale
$135,000
106 NE 11th Avenue, Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Size1,320 SF
Price / SF$102.27
Days on Market66
Property Features for 106 NE 11th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Directions
From I27 North, heading toward downtown Amarillo, keep left on US 87 North. Left on NE 11th Avenue.
Subdivision
0120 - North Heights
Standard status
Active
APN
101501
Size
1,320 SF
Taxes and HOA fees
Tax Description
AMARILLO HEIGHTS, BLK 0035, E/2 OF 12
Legal Description
AMARILLO HEIGHTS, BLK 0035, E/2 OF 12
Building Details
Year built
1945
Listing Agency:
Wieck Realty, Inc.
(806) 236-4003
Listed By:
Kathryn Tow
(806) 236-4003
Added: May 28
Last Checked: Aug 1 at 4:06AM
MLS# 26-4314
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 triplex in Amarillo, Texas, presents an investment opportunity. The property comprises two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. According to the sellers, the property features new plumbing and electrical systems. The building has a total area of 1320 square feet.
Key Highlights
- Triplex property offers investment opportunity.
- Features two 1 bedroom/1 bathroom units.
- Includes one 2 bedroom/1 bathroom unit.
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 | $15.0k | $11.40 |
| − Vacancy | −$828 | −$0.63 |
| EGI | $14.2k | $10.77 |
| − OpEx | −$4.3k | −$3.23 |
| NOI | $10.0k | $7.54 |
1,320 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
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?
Triplex - Triplex in Amarillo, Texas with updated plumbing and electrical.
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: Triplex property offers investment opportunity.; Features two 1 bedroom/1 bathroom units.; Includes one 2 bedroom/1 bathroom unit.
