1421 NW 16TH Avenue, Amarillo, TX 79107
- Added:
- Jun 8, 2026
- Days on Market:
- 30
- Last Refresh:
- Jul 7 at 1:06 pm
Property Features for 1421 NW 16TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
- Appliances
- Refrigerator, Range, Microwave, Dishwasher
- Standard status
- Active
- APN
- 188596
- Size
- 1,993 SF
Taxes and HOA fees
- Tax Description
- UNIVERSITY HEIGHTS, BLK 0017, LOTS 12 THRU 14, 0.2409 ACRES
Utilities
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2022
- Number of units
- 2
- Roof type
- Composition
Listing agent Deborah Kelly License #0467226 (806) 359-0468
Listing office Absolute Real Estate 6002 Hampton Drive, AMARILLO, TX (806) 433-3277
Listing date Jun 8, 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
- Duplex built in 2022 with 2 units, each offering 3 bedrooms and 2 bathrooms
- Central electric HVAC and composition shingle roof
- Solid surface flooring throughout with open‑concept living, dining, and kitchen areas
- Kitchen includes built‑in microwave, dishwasher, refrigerator, and range
- W/D hookups in a hallway closet and utility space in the hallway
- Unit B is occupied and Unit A is vacant
Overview
The property is located at 1421 NW 16TH Avenue in Amarillo, TX, in Potter County. One unit (Unit B) is currently occupied, while Unit A is vacant, allowing flexibility for an owner-occupant to live in one side while receiving rental income from the other.
For tenants, buyers, or operators seeking a simple duplex configuration, the two-unit design with matching 3-bedroom/2-bath layouts can reduce complexity in leasing and turn processes. The solid surface finishes and in-unit kitchen appliance package may also support straightforward move-in readiness. With one unit available, the property offers an option to occupy immediately while maintaining income potential from the existing rental unit.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.852142
- Latitude
- 35.230032
