Brick
For Sale
$235,000
1321 Evergreen Street, Amarillo, TX 79107
MultiFamily, Amarillo, TX
Property Size2,697 SF
Lot Size0.28 Acres
Price / SF$87.13
Days on Market48
Property Features for 1321 Evergreen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0300 - NE Amarillo in City Limits
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Appliances
Refrigerator, Range
Directions
From I-40 take exit 73 toward Eastern St. Turn left on Eastern, Turn Right on E Amarillo BLVD, Left on Evergreen
Subdivision
0322 - Eastridge
Standard status
Active
APN
214106
Size
2,697 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
EASTRIDGE # 7, BLK 0035, N 15FT OF 29 ALL OF 30 & S 30FT OF 31
Legal Description
EASTRIDGE # 7, BLK 0035, N 15FT OF 29 ALL OF 30 & S 30FT OF 31
Building Details
Year built
1960
Number of units
4
Roof type
Composition
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Jessica Waggoner · License #499389
(806) 646-6052
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 14 at 5:06AM
MLS# 26-6940
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 brick fourplex contains four residential units within a 2,697-square-foot property on 0.28 acres. The building was constructed in 1960 and features a composition roof, refrigerators, and ranges. Windows and doors have been replaced, and each unit has received a new hot water heater within the last two years.
The property is located at 1321 Evergreen Street in Amarillo, Texas 79107. All four units are currently occupied. A rent roll and leases are available with an executed contract, while interior photographs of Units A, B, and D are available by request.
The property is located at 1321 Evergreen Street in Amarillo, Texas 79107. All four units are currently occupied. A rent roll and leases are available with an executed contract, while interior photographs of Units A, B, and D are available by request.
Key Highlights
- Four‑unit brick property with 100% occupancy
- 2,697 square feet on 0.28 acres
- New windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,338
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,760
$406.8K
Cap Rate 7%
$290,543
$290.5K
Cap Rate 9%
$225,978
$226.0K
Market Conditions
NOI Build-Up for 2,697 SF
Gross rent
$30.7K $11.40/SF
− Vacancy
−$1.7K −$0.63/SF
EGI
$29.1K $10.77/SF
− OpEx
−$8.7K −$3.23/SF
NOI
$20.3K $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%
$406,760
Cap Rate 7%
$290,543
Cap Rate 9%
$225,978
Alternative Uses
Best Use
Multifamily LT 5
$290.5K
$254.2K – $339.0K
NOI $20,338 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$255.5K
$223.6K – $298.1K
NOI $17,887 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$602.2K
$526.9K – $702.5K
NOI $42,151 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
129
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied income property with updated windows, doors, and water heaters.
Where is this quadplex located?
The property is located at 1321 Evergreen Street Amarillo, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four‑unit brick property with 100% occupancy; 2,697 square feet on 0.28 acres; New windows and doors
