Building Details

Year built 1960

Number of units 3

Building materials Stucco

Roof type Metal

Listing Agency: Palo Duro Real Estate Show Phone

Listed By: Shenee' Bichsel Show Phone

Added: Aug 31 Changed: Oct 8 Last Checked: Oct 18 at 4:06PM

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MLS# 26-7034

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 multifamily property contains 1,913 square feet and is arranged as a duplex with two residences: a three-bedroom, two-bath unit and a two-bedroom, one-bath unit. A separate tiny home adds a third living space with one bedroom and one bathroom. Central air serves the property, and the improvements include stucco construction, a metal roof installed in 2025, and newer hot water heaters.

Built in 1960, the property also includes a refrigerator, oven, and cooktop. Located at 401 Dysart Street in Claude, Texas, the configuration provides three distinct residential spaces within one multifamily asset.

Key Highlights

• 1,913‑square‑foot multifamily property with three separate living spaces
• Duplex includes one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit
• Separate tiny home has 1 bedroom and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,426

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$288,520 $288.5K

Cap Rate 7%

$206,086 $206.1K

Cap Rate 9%

$160,289 $160.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,913 SF

Gross rent

$21.8K $11.40/SF

− Vacancy

−$1.2K −$0.63/SF

EGI

$20.6K $10.77/SF

− OpEx

−$6.2K −$3.23/SF

NOI

$14.4K $7.54/SF

Area

Armstrong County, 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%

$288,520

Cap Rate 7%

$206,086

Cap Rate 9%

$160,289

Alternative Uses

Best Use

Multifamily LT 5

$206.1K

$180.3K – $240.4K (±1% cap)

NOI $14,426 @ 7.0% cap · market cap 5.01%

Second Best

Apartment 5plus

$181.2K

$158.6K – $211.5K (±1% cap)

NOI $12,687 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$427.1K

$373.7K – $498.3K (±1% cap)

NOI $29,898 @ 7.0% cap · market cap 10.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

125

Businesses Nearby

Explore this area Business Placement

Demographics for 79019, TX

1,713

Population

826

Households

2.1

Avg Household Size

44

Median Age

21%

College-Educated

96%

High-School Grad

576.0 sq mi

ZIP Area

3

Density / Sq Mi

$69,423

Median Household Income

$51,400

Median Earnings

$983

Median Rent

$185,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Duplex configuration includes two residences plus a separate one-bedroom tiny home with central air.

Where is this multifamily property located?

The property is located at 401 Dysart Street Claude, TX.

What is the asking price?

The asking price for this property is $288,000.

What are key features of this property?

This property features: 1,913‑square‑foot multifamily property with three separate living spaces; Duplex includes one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit; Separate tiny home has 1 bedroom and 1 bathroom