Two-Sided Duplex with Central
1940 Howard Drive Amarillo, TX 79106
For Sale
$227,500
Duplex with two 2-bedroom, 1-bath units, each with central H&A and in-unit washer/dryer hookups.
Property Size2,160 SF
Price / SF$105.32
Days on Market203
Property Features for 1940 Howard Drive
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1980
Listing Agency:
Addresses of Amarillo, REALTORS
(806) 433-0038
Listed By:
Mary Kay Riley · License #0443417
(806) 433-0038
Source:
Compass
Added: Jan 2
Changed: Jul 23
Last Checked: Jul 23 at 10:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Addresses of Amarillo, REALTORS
Investment Insights
Based on property information with market context.
This duplex offers two mirrored residences, with each side featuring 2 bedrooms and 1 bathroom. Both units include central H&A, washer and dryer hookups, and appliances including dishwashers and stoves.
The property is located close to the hospital district. One side is currently leased, and the other side is expected to be available for viewing soon.
For buyers seeking a straightforward income layout, the asset provides consistent unit configuration across both sides, with the same core interior amenities in place.
The property is located close to the hospital district. One side is currently leased, and the other side is expected to be available for viewing soon.
For buyers seeking a straightforward income layout, the asset provides consistent unit configuration across both sides, with the same core interior amenities in place.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units (both sides).
- Each unit has central A/C and central H&A.
- Dishwasher and stove included in both units.
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 | $24.6k | $11.40 |
| − Vacancy | −$1.4k | −$0.63 |
| EGI | $23.3k | $10.77 |
| − OpEx | −$7.0k | −$3.23 |
| NOI | $16.3k | $7.54 |
2,160 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.7K
$203.6K – $271.5K
NOI $16,289 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$204.7K
$179.1K – $238.8K
NOI $14,326 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, each with central H&A and in-unit washer/dryer hookups.
Where is this duplex located?
The property is located at 1940 Howard Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $227,500.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units (both sides).; Each unit has central A/C and central H&A.; Dishwasher and stove included in both units.
