3407 JANET Drive, Amarillo, TX 79109
- Added:
- Apr 9, 2026
- Days on Market:
- 81
- Last Refresh:
- Jun 28 at 5:06 am
Property Features for 3407 JANET Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,002 SF
Taxes and HOA fees
- Tax Description
- PARAMOUNT TERRACE # 4 LOT 015 BLOCK 0017
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1963
- Building materials
- Brick Veneer
- Roof type
- Composition
Listing agent Tim Soto (806) 359-4000
Listing office Keller Williams Realty Amarillo 3955 S Soncy Rd, Amarillo, TX (806) 359-4000
Listing date Apr 9, 2026
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.
HighLights
- Multi‑family property featuring 4 units
- Includes a separate 1‑bedroom house
- Durable brick veneer construction
- Enjoy central air cooling
- Features a composition roof
- Built in 1963
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $11.40 |
| − Vacancy | −$1.9k | −$0.63 |
| EGI | $32.3k | $10.77 |
| − OpEx | −$9.7k | −$3.23 |
| NOI | $22.6k | $7.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Randall
- State
- Texas
- Longitude
- -101.881092
- Latitude
- 35.17747