1437 NW 17TH Avenue Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Features for 1437 NW 17TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 6
- Appliances
- Refrigerator, Range, Microwave, Dishwasher
- Standard status
- Active
- APN
- 188580
- Size
- 1,993 SF
Taxes and HOA fees
- Tax Description
- UNIVERSITY HEIGHTS, BLK 0016, LOTS 19 AND 20, 0.1600 ACRES
Utilities
- Cooling system
- 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 19, 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.
Located in Amarillo, Texas (Potter County), the property is described as centrally located. The duplex configuration includes Unit A, which is occupied, and Unit B, which is vacant, allowing flexibility for an owner-occupant arrangement.
For tenants, buyers, or operators, the unit mix supports multiple living and leasing scenarios: you can live in the vacant unit while the occupied unit provides an immediate source of rental income. The overall design emphasizes straightforward, low-maintenance living with functional in-unit features such as included kitchen appliances and dedicated utility and storage areas within the layout.
Key Highlights
- Duplex built in 2022 with two separate units
- Each unit has 3 bedrooms and 2 bathrooms
- 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 |
