Fully Rented
For Sale
$99,000
310 North Florida Street, Amarillo, TX 79106
Three one-bedroom residences provide a consistent unit layout.
Property Size592 SF
Price / SF$167.23
Days on Market221
Property Features for 310 North Florida Street
General Information
Standard status
Active
Size
592 SF
Property subtype
MultiFamily
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1925
Listing Agency:
Keller Williams Realty Amarillo
Listed By:
Zoey Shepherd · License #805981
(806) 443-5441
Source:
Compass
Added: Mar 13
Changed: Oct 19
Last Checked: Oct 19 at 9:12AM
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 Keller Williams Realty Amarillo
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Investment Insights
Based on property information with market context.
This 1925 triplex contains three residential units, each configured with one bedroom and one bathroom. All units are currently rented, providing a fully occupied property with a uniform floor plan across the building.
The property is located at 310 North Florida Street in Amarillo, Texas 79106.
The property is located at 310 North Florida Street in Amarillo, Texas 79106.
Key Highlights
- Three‑unit residential property
- All units are currently rented
- Each residence includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,464
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$89,280
$89.3K
Cap Rate 7%
$63,771
$63.8K
Cap Rate 9%
$49,600
$49.6K
Market Conditions
NOI Build-Up for 592 SF
Gross rent
$6.7K $11.40/SF
− Vacancy
−$371 −$0.63/SF
EGI
$6.4K $10.77/SF
− OpEx
−$1.9K −$3.23/SF
NOI
$4.5K $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 Rate 5%
$89,280
Cap Rate 7%
$63,771
Cap Rate 9%
$49,600
Alternative Uses
Best Use
Multifamily LT 5
$63.8K
$55.8K – $74.4K
NOI $4,464 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$56.1K
$49.1K – $65.4K
NOI $3,926 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$132.2K
$115.7K – $154.2K
NOI $9,252 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
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
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences provide a consistent unit layout.
Where is this triplex located?
The property is located at 310 North Florida Street Amarillo, TX.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Three‑unit residential property; All units are currently rented; Each residence includes 1 bedroom and 1 bathroom
