2022 Duplex with Two 3BR
For Sale
$254,900
1421 NW 16TH Avenue, Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Size1,993 SF
Price / SF$127.90
Days on Market23
Property Features for 1421 NW 16TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Appliances
Refrigerator, Range, Microwave, Dishwasher
Directions
WASHINGTON ST N. FROM BLVD TO 16TH THEN lEFT
Subdivision
0120 - North Heights
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
Legal Description
UNIVERSITY HEIGHTS, BLK 0017, LOTS 12 THRU 14, 0.2409 ACRES
Utilities
Cooling system
Electric, Central Air
Building Details
Year built
2022
Number of units
2
Roof type
Composition
Listing Agency:
Absolute Real Estate
(806) 433-3277
Listed By:
Deborah Kelly · License #0467226
(806) 359-0468
Added: Jul 10
Changed: Jul 28
Last Checked: Aug 1 at 4:06AM
MLS# 26-4093
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 duplex was built in 2022 and features two separate units, each offering three bedrooms and two bathrooms. Both units include solid-surface flooring and open-concept living, dining, and kitchen areas. The layout also includes a pantry closet and a dedicated utility space in the hallway. Kitchens are equipped with a built-in microwave, dishwasher, refrigerator, and stove.
Laundry convenience is provided via W/D hookups located in the hall closet. Unit B is currently occupied, while Unit A is vacant, offering the option for one unit to be lived in while the other provides rental income.
The property is identified as a centrally located multi-family asset in Amarillo, Texas.
Laundry convenience is provided via W/D hookups located in the hall closet. Unit B is currently occupied, while Unit A is vacant, offering the option for one unit to be lived in while the other provides rental income.
The property is identified as a centrally located multi-family asset in Amarillo, Texas.
Key Highlights
- Duplex built in 2022 with two units, each with 3 bedrooms and 2 bathrooms
- Unit A is vacant and Unit B is occupied
- Appliances included in each unit: refrigerator, range, microwave, and dishwasher
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 |
1,993 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.7K
$187.9K – $250.5K
NOI $15,029 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$188.8K
$165.2K – $220.3K
NOI $13,218 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$445.0K
$389.4K – $519.1K
NOI $31,148 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
377
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newer duplex built in 2022 with two 3-bedroom, 2-bath units, solid-surface flooring, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 1421 NW 16TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Duplex built in 2022 with two units, each with 3 bedrooms and 2 bathrooms; Unit A is vacant and Unit B is occupied; Appliances included in each unit: refrigerator, range, microwave, and dishwasher
