Triplex with Mixed Unit
For Sale
$135,000
106 Northeast 11th Avenue, Amarillo, TX 79107
Three-unit residential income property with a combination of one- and two-bedroom floor plans.
Property Size1,320 SF
Price / SF$102.27
Days on Market233
Property Features for 106 Northeast 11th Avenue
General Information
Standard status
Active
Size
1,320 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Amenities
One
Building Details
Year Built
1945
Listing Agency:
Wieck Realty, Inc.
Listed By:
Kathryn Tow · License #709172
(806) 654-9955
Source:
Compass
Added: Mar 13
Changed: Oct 28
Last Checked: Oct 30 at 5:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wieck Realty, Inc.
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Investment Insights
Based on property information with market context.
This triplex contains three residential units within a 1,320-square-foot property built in 1945. The unit mix includes two one-bedroom, one-bath residences and one two-bedroom, one-bath residence, providing two distinct floor plan configurations within the building.
Seller-reported improvements include new plumbing and new electrical systems. The property is located at 106 Northeast 11th Avenue in Amarillo, Texas, and is offered for sale as a multifamily asset.
Seller-reported improvements include new plumbing and new electrical systems. The property is located at 106 Northeast 11th Avenue in Amarillo, Texas, and is offered for sale as a multifamily asset.
Key Highlights
- Three‑unit triplex configuration
- Two 1‑bedroom/1‑bathroom units
- One 2‑bedroom/1‑bathroom unit
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 - Three-unit residential income property with a combination of one- and two-bedroom floor plans.
Where is this triplex located?
The property is located at 106 Northeast 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‑unit triplex configuration; Two 1‑bedroom/1‑bathroom units; One 2‑bedroom/1‑bathroom unit
