1408 SW 12th Avenue, Amarillo, TX 79102
MULTI_FAMILY - Amarillo, TX
- Added:
- Jan 13, 2026
- Days on Market:
- 158
- Last Refresh:
- Jun 20 at 11:06 am
Property Features for 1408 SW 12th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1
- Appliances
- Dishwasher
- Standard status
- Active
- APN
- 188665
- Size
- 1,770 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Description
- UNIVERSITY HEIGHTS LOTBLOCK 0020 43 AND 44
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Number of units
- 2
- Building materials
- Siding, Frame
- Roof type
- Composition, Built-Up
Listing agent John Broadfoot Jr., L.L.C. (806) 352-5300
Listing office Amarillo's Parkview Realty, LLC 5005 Lexington Square, Amarillo, TX (806) 352-5300
Listing date Jan 13, 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.
HighLights
- Investment property in Bivins with two rental homes: a 3‑bedroom, 2 full bath front house plus a 1‑bedroom rear house
- Front home includes central air, low‑maintenance siding/frame construction, and was totally remodeled with new paint and new flooring
- Front home updates include new kitchen cabinets, new water heater, new water line in yard and new water lines in the house
- Front home plumbing and utility work includes new gas line (yard and house) and a new sewer line
- Rear home is all‑electric with siding and features new water lines (yard and house), new sewer line, new kitchen cabinets, and a new driveway
Overview
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 | $20.2k | $11.40 |
| − Vacancy | −$1.1k | −$0.63 |
| EGI | $19.1k | $10.77 |
| − OpEx | −$5.7k | −$3.23 |
| NOI | $13.3k | $7.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.854283
- Latitude
- 35.203154
