1423 NW 16TH Avenue Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Features for 1423 NW 16TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3
- Appliances
- Refrigerator, Range, Microwave, Dishwasher
- Standard status
- Active
- APN
- 298940
- Size
- 1,993 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- UNIVERSITY HEIGHTS, BLK 0017, LOTS 15 & 16, 0.1606 ACRES
Utilities
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2022
- Number of units
- 2
- Building materials
- Frame
- 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 Jul 11, 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.
The property is centrally located in Amarillo, Texas, in Potter County. Each unit also includes in-hall closet laundry provisions, with W/D hookups available.
With two functional, self-contained residences, the layout supports flexibility for occupancy and rental use while maintaining a low-maintenance configuration.
Key Highlights
- Duplex built in 2022 with two units, each offering 3 bedrooms and 2 bathrooms
- Each unit features open‑concept living, dining, and kitchen areas
- Kitchen appliances included: built‑in microwave, dishwasher, refrigerator, and range
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 |
