Brick Duplex with Separate
For Sale
$200,000
3303 SW 15th Avenue, Amarillo, TX 79102
Both residences have central heating and air, with distinct electric, gas, and water meters.
Property Size1,977 SF
Price / SF$101.16
Days on Market12
Property Features for 3303 SW 15th Avenue
General Information
Standard status
Active
Size
1,977 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
central heat & air
fenced backyard
side patio
rain gutters
Building Details
Year Built
1951
Buildings
1
Construction
brick
Listing Agency:
INROOTE
Listed By:
Randy Astle · License #ASTR
(806) 231-9711
Source:
Choosemeraki
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 30 at 11:28AM
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 INROOTE
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Investment Insights
Based on property information with market context.
This 1,977-square-foot brick duplex, built in 1951, contains two vacant residences with separate electric, gas, and water meters. One side has two bedrooms and one bathroom; the other has one bedroom, one bathroom, and a second living area. Central heat and air serve both units. Recent work includes fresh interior paint, refinished or updated flooring in much of the property, and electrical updates.
Parking includes a circular front drive and a rear two-stall garage with recently installed overhead doors. The fenced backyard has a separate side patio for each residence, and rain gutters run along the front and sides. The property is in the Tascosa High School district, with quick access to I-40.
Parking includes a circular front drive and a rear two-stall garage with recently installed overhead doors. The fenced backyard has a separate side patio for each residence, and rain gutters run along the front and sides. The property is in the Tascosa High School district, with quick access to I-40.
Key Highlights
- 1,977‑square‑foot brick duplex built in 1951
- Two‑bedroom, one‑bath unit plus a one‑bedroom, one‑bath unit with a second living area
- Separate electric, gas, and water meters; central heat and air in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,909
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,180
$298.2K
Cap Rate 7%
$212,986
$213.0K
Cap Rate 9%
$165,656
$165.7K
Market Conditions
NOI Build-Up for 1,977 SF
Gross rent
$22.5K $11.40/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$21.3K $10.77/SF
− OpEx
−$6.4K −$3.23/SF
NOI
$14.9K $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%
$298,180
Cap Rate 7%
$212,986
Cap Rate 9%
$165,656
Alternative Uses
Best Use
Multifamily LT 5
$213.0K
$186.4K – $248.5K
NOI $14,909 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$187.3K
$163.9K – $218.5K
NOI $13,112 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$441.4K
$386.2K – $515.0K
NOI $30,898 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have central heating and air, with distinct electric, gas, and water meters.
Where is this duplex located?
The property is located at 3303 SW 15th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,977‑square‑foot brick duplex built in 1951; Two‑bedroom, one‑bath unit plus a one‑bedroom, one‑bath unit with a second living area; Separate electric, gas, and water meters; central heat and air in both units
