Duplex Built in
For Sale
$239,900
1437 NW 17TH Avenue, Amarillo, TX 79107
MULTI_FAMILY - Amarillo, TX
Property Size1,993 SF
Price / SF$120.37
Days on Market44
Property Features for 1437 NW 17TH 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 17TH THEN LEFT
Subdivision
0120 - North Heights
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
Legal 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 Agency:
Absolute Real Estate
(806) 433-3277
Listed By:
Deborah Kelly · License #0467226
(806) 359-0468
Added: Jun 19
Changed: Jul 28
Last Checked: Aug 1 at 4:06AM
MLS# 26-4260
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 is configured as two separate units. Both units offer three bedrooms and two bathrooms, with solid surface flooring throughout and an open concept living, dining, and kitchen layout. Each unit includes a pantry closet and utility space in the hallway.
The kitchen package includes a built-in microwave, dishwasher, refrigerator, and stove. Washer/dryer hookups are provided in the hall closet. Unit A is occupied, and Unit B is vacant.
The listing describes the property as centrally located within Amarillo, Texas, at 1437 NW 17TH Avenue. The asset consists of a two-unit residential income structure suitable for buyers seeking a duplex configuration.
The kitchen package includes a built-in microwave, dishwasher, refrigerator, and stove. Washer/dryer hookups are provided in the hall closet. Unit A is occupied, and Unit B is vacant.
The listing describes the property as centrally located within Amarillo, Texas, at 1437 NW 17TH Avenue. The asset consists of a two-unit residential income structure suitable for buyers seeking a duplex configuration.
Key Highlights
- Duplex built in 2022 with two units, each featuring 3 bedrooms and 2 bathrooms
- Appliances include refrigerator, range/stove, built‑in microwave, and dishwasher
- Open‑concept living, dining, and kitchen areas with solid‑surface flooring throughout
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 6.26%
Second Best
Apartment 5plus
$188.8K
$165.2K – $220.3K
NOI $13,218 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$445.0K
$389.4K – $519.1K
NOI $31,148 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
80
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 - Built in 2022, this duplex features two 3-bedroom, 2-bath units with solid surface flooring and in-hall utility space.
Where is this duplex located?
The property is located at 1437 NW 17TH Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex built in 2022 with two units, each featuring 3 bedrooms and 2 bathrooms; Appliances include refrigerator, range/stove, built‑in microwave, and dishwasher; Open‑concept living, dining, and kitchen areas with solid‑surface flooring throughout
