Three-Unit Multifamily
New
For Sale
$288,000
401 Dysart Street, Claude, TX 79019
MultiFamily, Claude, TX
Property Size1,913 SF
Price / SF$150.55
Days on Market3
Property Features for 401 Dysart Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
8000 - All areas in the 8000's
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 4
Appliances
Refrigerator, Oven, Cooktop
Directions
CLAUDE TO DYSART STREET. CORNER OF 4TH STREET
Subdivision
8012 - Claude
Standard status
Active
Size
1,913 SF
Taxes and HOA fees
Tax Description
LTS 13-14 BLK 26 RY CLAUDE
Legal Description
LTS 13-14 BLK 26 RY CLAUDE
Utilities
Cooling system
Central Air
Building Details
Year built
1960
Number of units
3
Building materials
Stucco
Roof type
Metal
Listing Agency:
Palo Duro Real Estate
Listed By:
Shenee' Bichsel
(806) 476-0583
Added: Aug 31
Last Checked: Sep 2 at 6:06PM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,426
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,520
$288.5K
Cap Rate 7%
$206,086
$206.1K
Cap Rate 9%
$160,289
$160.3K
Market Conditions
NOI Build-Up for 1,913 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $14,426 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$181.2K
$158.6K – $211.5K
NOI $12,687 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,898 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
