Leased Duplex with Detached
New
For Sale
$229,900
2717 CURTIS Drive, Amarillo, TX 79109
MultiFamily, Amarillo, TX
Property Size1,929 SF
Price / SF$119.18
Days on Market3
Property Features for 2717 CURTIS Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2
Directions
From I-40 and Georgia, go south on Georgia St to Curtis Dr, go west on Curtis Dr to the duplex
Subdivision
0202 - Lawrence Park
Standard status
Active
APN
144718
Size
1,929 SF
Taxes and HOA fees
Tax Description
WESTHAVEN PARK # 3, LOT 001, BLK 0018
Legal Description
WESTHAVEN PARK # 3, LOT 001, BLK 0018
Utilities
Cooling system
Central Air
Amenities
detached garage
Building Details
Year built
1953
Number of units
2
Listing Agency:
Amarillo's Parkview Realty, LLC
(806) 352-5300
Listed By:
Jennifer Rosenbach · License #0594462
(806) 206-7299
Added: Sep 5
Last Checked: Sep 7 at 8:06AM
MLS# 26-7196
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 1,929-square-foot duplex contains two residential units: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. The property includes a detached garage, central air conditioning, and was built in 1953. Both units are fully leased, providing an occupied multifamily configuration at 2717 Curtis Drive in Amarillo, Texas.
Key Highlights
- 1,929‑square‑foot duplex with two residential units
- Unit mix includes a 3‑bedroom, 2‑bath residence and a 2‑bedroom, 1‑bath residence
- Both units are fully leased
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
$14,547
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
6.33%
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%
$290,940
$290.9K
Cap Rate 7%
$207,814
$207.8K
Cap Rate 9%
$161,633
$161.6K
Market Conditions
NOI Build-Up for 1,929 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
$22.0K $11.40/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$20.8K $10.77/SF
− OpEx
−$6.2K −$3.23/SF
NOI
$14.5K $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%
$290,940
Cap Rate 7%
$207,814
Cap Rate 9%
$161,633
Alternative Uses
Best Use
Multifamily LT 5
$207.8K
$181.8K – $242.5K
NOI $14,547 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$182.8K
$159.9K – $213.2K
NOI $12,794 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$430.7K
$376.9K – $502.5K
NOI $30,148 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
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 - Two residential units offer distinct bedroom and bathroom configurations with central air conditioning.
Where is this duplex located?
The property is located at 2717 CURTIS Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,929‑square‑foot duplex with two residential units; Unit mix includes a 3‑bedroom, 2‑bath residence and a 2‑bedroom, 1‑bath residence; Both units are fully leased
