Triplex With Occupied
For Sale
$239,000
1614 S Hayden Street, Amarillo, TX 79102
MultiFamily, Amarillo, TX
Property Size1,372 SF
Price / SF$174.20
Days on Market52
Property Features for 1614 S Hayden Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2
Directions
From I-40 Exit Washington Turn West on 17th and North on South Hayden to property
Subdivision
0101 - Bivins
Standard status
Active
APN
109587
Size
1,372 SF
Taxes and HOA fees
Tax Description
HUGHES ADDN, BLK 0123, S 7.68FT OF 7 & ALL OF 8
Legal Description
HUGHES ADDN, BLK 0123, S 7.68FT OF 7 & ALL OF 8
Building Details
Year built
1926
Number of units
3
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Tamara Lemaster · License #710737
(806) 640-2537
Added: Jul 27
Changed: Sep 14
Last Checked: Sep 16 at 3:06AM
MLS# 26-6023
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 at 1614 S Hayden Street in Amarillo, Texas, this triplex contains 1372 square feet and was built in 1926. The configuration includes a 2-bedroom, 1-bath apartment, a 1-bedroom, 1-bath apartment, and an efficiency apartment.
All three apartments are currently occupied under month-to-month leases. The seller reports a newer roof, and the property is situated in Amarillo’s Bivins neighborhood.
All three apartments are currently occupied under month-to-month leases. The seller reports a newer roof, and the property is situated in Amarillo’s Bivins neighborhood.
Key Highlights
- Three‑unit triplex totaling 1372 square feet
- Unit mix includes 2‑bedroom, 1‑bath; 1‑bedroom, 1‑bath; and efficiency apartments
- All three units are occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,920
$206.9K
Cap Rate 7%
$147,800
$147.8K
Cap Rate 9%
$114,956
$115.0K
Market Conditions
NOI Build-Up for 1,372 SF
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.
Gross rent
$15.6K $11.40/SF
− Vacancy
−$860 −$0.63/SF
EGI
$14.8K $10.77/SF
− OpEx
−$4.4K −$3.23/SF
NOI
$10.3K $7.54/SF
Area
Amarillo, TX
Vacancy
5.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,920
Cap Rate 7%
$147,800
Cap Rate 9%
$114,956
Alternative Uses
Best Use
Multifamily LT 5
$147.8K
$129.3K – $172.4K
NOI $10,346 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$130.0K
$113.7K – $151.7K
NOI $9,099 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 79102, TX
9,252
Population
4,695
Households
2
Avg Household Size
35
Median Age
20%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
3,427
Density / Sq Mi
$48,551
Median Household Income
$34,911
Median Earnings
$891
Median Rent
$146,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments are occupied under month-to-month leases.
Where is this triplex located?
The property is located at 1614 S Hayden Street Amarillo, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 1372 square feet; Unit mix includes 2‑bedroom, 1‑bath; 1‑bedroom, 1‑bath; and efficiency apartments; All three units are occupied on month‑to‑month leases
