Remodeled Duplex with Two
For Sale
$89,000
403 N FLORIDA Street, Amarillo, TX 79106
MultiFamily, Amarillo, TX
Property Size825 SF
Lot Size0.16 Acres
Price / SF$107.88
Days on Market149
Property Features for 403 N FLORIDA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0100 - NW Amarillo in City Limits
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Directions
From west Amarillo Blvd, turn south on Florida. The house is on the second block on the right.
Subdivision
0111 - San Jacinto
Standard status
Active
APN
169548
Size
825 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
SAN JACINTO HEIGHTS, LOT 002, BLK 0102
Legal Description
SAN JACINTO HEIGHTS, LOT 002, BLK 0102
Building Details
Year built
1920
Number of units
2
Building materials
Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Frances Frost · License #0679680
(806) 626-2298
Added: Jun 8
Changed: Oct 27
Last Checked: Nov 3 at 3:06AM
MLS# 26-991
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 remodeled duplex at 403 N FLORIDA Street includes two residential units, with each side configured as one bedroom and one bathroom. The property contains 825 square feet and features siding construction beneath a composition roof. Built in 1920, the building provides a compact two-unit format for residential income use.
The property is located in Amarillo, Texas, in Potter County. Its 0.16-acre lot supports the existing duplex configuration, while the separate one-bedroom, one-bath layouts create a straightforward arrangement for occupancy or leasing. The address is within postal code 79106.
The property is located in Amarillo, Texas, in Potter County. Its 0.16-acre lot supports the existing duplex configuration, while the separate one-bedroom, one-bath layouts create a straightforward arrangement for occupancy or leasing. The address is within postal code 79106.
Key Highlights
- Remodeled duplex with two one‑bedroom, one‑bath units
- 825 square feet across the duplex
- 0.16‑acre lot in Amarillo, TX 79106
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,221
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,420
$124.4K
Cap Rate 7%
$88,871
$88.9K
Cap Rate 9%
$69,122
$69.1K
Market Conditions
NOI Build-Up for 825 SF
Gross rent
$9.4K $11.40/SF
− Vacancy
−$517 −$0.63/SF
EGI
$8.9K $10.77/SF
− OpEx
−$2.7K −$3.23/SF
NOI
$6.2K $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%
$124,420
Cap Rate 7%
$88,871
Cap Rate 9%
$69,122
Alternative Uses
Best Use
Multifamily LT 5
$88.9K
$77.8K – $103.7K
NOI $6,221 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$78.2K
$68.4K – $91.2K
NOI $5,472 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$184.2K
$161.2K – $214.9K
NOI $12,894 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
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Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
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 - Two compact residential units offer separate one-bedroom, one-bath layouts within a remodeled duplex.
Where is this duplex located?
The property is located at 403 N FLORIDA Street Amarillo, TX.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Remodeled duplex with two one‑bedroom, one‑bath units; 825 square feet across the duplex; 0.16‑acre lot in Amarillo, TX 79106
