Brick Duplex with Two-Stall
New
For Sale
$200,000
3303 SW 15th Avenue, Amarillo, TX 79102
MultiFamily, Amarillo, TX
Property Size1,977 SF
Price / SF$101.16
Days on Market1
Property Features for 3303 SW 15th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Directions
From Georgia turn west on 15th Ave
Subdivision
0103 - Sunset/Westlawn
Standard status
Active
APN
196839
Size
1,977 SF
Taxes and HOA fees
Tax Description
WESTVIEW ADDN # 1, BLK 0004, W 16FT OF 1 & E 58FT OF 2
Legal Description
WESTVIEW ADDN # 1, BLK 0004, W 16FT OF 1 & E 58FT OF 2
Utilities
Cooling system
Central Air
Amenities
central HVAC
fenced backyard
patio
Building Details
Year built
1951
Number of units
2
Building materials
Brick Veneer
Roof type
Composition
Listing Agency:
INROOTE
(806) 316-2923
Listed By:
Randy Astle · License #0641116
(806) 231-9711
Added: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 26-8230
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.
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Investment Insights
Based on property information with market context.
This 1,977-square-foot brick veneer duplex contains two separate residences, both with central air and heat. One has two bedrooms and one bathroom; the other has one bedroom, one bathroom, and an additional living room. Recent work includes interior paint, refinished and updated flooring in much of the property, and electrical updates. Both units are vacant.
A circle driveway provides front parking, while a two-stall garage with new overhead doors is located at the rear. The fenced backyard includes 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 and has quick access to I-40.
A circle driveway provides front parking, while a two-stall garage with new overhead doors is located at the rear. The fenced backyard includes 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 and has quick access to I-40.
Key Highlights
- 1,977 square feet across two residences
- One unit has 2 bedrooms and 1 bathroom; the other has 1 bedroom, 1 bathroom, and a second living room
- Electric, gas, and water are separately metered; central air and heat serve 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
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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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?
Duplex - Separate electric, gas, and water meters serve the two vacant residences.
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 feet across two residences; One unit has 2 bedrooms and 1 bathroom; the other has 1 bedroom, 1 bathroom, and a second living room; Electric, gas, and water are separately metered; central air and heat serve both units
