1405 NW 10TH Avenue Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Features for 1405 NW 10TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 1
- Appliances
- Refrigerator, Range, Dishwasher
- Standard status
- Active
- APN
- 188715
- Size
- 1,993 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- UNIVERSITY HEIGHTS, BLK 0023, LOTS 3 AND 4, 0.1600 ACRES
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Number of units
- 2
- Roof type
- Composition
Listing agent John Darren Walker License #0525869 (806) 236-1397
Listing office J. Walker Realty, LLC 2500 Ross St, Amarillo, TX (806) 236-1397
Listing date Jul 10, 2026
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.
Set on approximately 0.16 acres, the property is described as being located close to schools, a park, and shopping. For sellers and buyers evaluating a smaller multifamily format, the consistent unit configuration can simplify leasing and maintenance planning.
The duplex totals about 1,993 square feet as provided, and presents a low-maintenance profile based on the stated solid surface finishes throughout.
Key Highlights
- 2022‑built two‑unit multi‑family with both units offering 3 bedrooms and 2 bathrooms
- Open‑concept living and dining areas in both units
- Solid surface flooring throughout
Local 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 | $22.7k | $11.40 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $21.5k | $10.77 |
| − OpEx | −$6.4k | −$3.23 |
| NOI | $15.0k | $7.54 |
