Duplex With Multiple
For Sale
$359,900
2004 7TH Avenue, Canyon, TX 79015
MultiFamily, Canyon, TX
Property Size1,356 SF
Price / SF$265.41
Days on Market92
Property Features for 2004 7TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0900 - All of Canyon in City Limits
Appliances
Range
Directions
canyon to 7th ave home on the left , lockbox is on back house
Subdivision
0903 - Hidden Val/Orig Town
Standard status
Active
APN
113654
Size
1,356 SF
Taxes and HOA fees
Tax Description
NORMAL, BLK 0012, W/2 OF 3 & ALL OF 4
Legal Description
NORMAL, BLK 0012, W/2 OF 3 & ALL OF 4
Utilities
Cooling system
Central Air
Amenities
finished basement
workshop
patio
landscaped grounds
handicap accessible
Building Details
Year built
2002
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Mitzi Wade · License #0513374
(806) 231-0265
Added: Jul 14
Changed: Oct 8
Last Checked: Oct 13 at 10:06PM
MLS# 26-5652
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 property includes two independent residences on landscaped grounds. The front home offers three bedrooms and two bathrooms, while the rear residence provides two bedrooms, two bathrooms, handicap accessibility, and a fully finished basement. The rear home also includes an attached one-car garage.
Additional improvements include a detached two-car garage with a workshop area, giving the property substantial covered storage and work space. Each residence has its own patio area for private outdoor use. Built in 2002, the property features stucco construction, composition roofing, central air, and a range. It is located in Canyon, Texas, within Randall County.
Additional improvements include a detached two-car garage with a workshop area, giving the property substantial covered storage and work space. Each residence has its own patio area for private outdoor use. Built in 2002, the property features stucco construction, composition roofing, central air, and a range. It is located in Canyon, Texas, within Randall County.
Key Highlights
- Two independent homes on one property
- Front residence with 3 bedrooms and 2 bathrooms
- Rear residence with 2 bedrooms, 2 bathrooms, handicap accessibility, and a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,395
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,900
$207.9K
Cap Rate 7%
$148,500
$148.5K
Cap Rate 9%
$115,500
$115.5K
Market Conditions
NOI Build-Up for 1,356 SF
Gross rent
$16.8K $12.36/SF
− Vacancy
−$1.9K −$1.41/SF
EGI
$14.8K $10.95/SF
− OpEx
−$4.5K −$3.29/SF
NOI
$10.4K $7.67/SF
Area
Randall County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,900
Cap Rate 7%
$148,500
Cap Rate 9%
$115,500
Alternative Uses
Best Use
Multifamily LT 5
$148.5K
$129.9K – $173.3K
NOI $10,395 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$131.6K
$115.2K – $153.6K
NOI $9,215 @ 7.0% cap · market cap 2.56%
Theoretical Best
Hotel Hospitality
$695.6K
$608.7K – $811.6K
NOI $48,694 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 79015, TX
21,710
Population
9,311
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
95%
High-School Grad
328.5 sq mi
ZIP Area
66
Density / Sq Mi
$81,351
Median Household Income
$43,168
Median Earnings
$976
Median Rent
$267,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes share landscaped grounds with private patios and flexible residential configurations.
Where is this duplex located?
The property is located at 2004 7TH Avenue Canyon, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two independent homes on one property; Front residence with 3 bedrooms and 2 bathrooms; Rear residence with 2 bedrooms, 2 bathrooms, handicap accessibility, and a finished basement
