Remodeled Duplex Investment
For Sale
$89,000
403 N FLORIDA Street, Amarillo, TX 79106
MULTI_FAMILY - Amarillo, TX
Property Size825 SF
Lot Size0.16 Acres
Price / SF$107.88
Days on Market58
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, Bathroom 2, Bedroom 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
(806) 359-4000
Added: Jun 8
Changed: Aug 1
Last Checked: Aug 4 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This remodeled duplex offers a simple, functional two-unit layout with one bedroom and one bathroom on each side. The property includes 825 square feet of building area on a 0.16-acre lot, built in 1920.
Exterior materials include siding, and the roof is composition. Interior rooms listed include Bedroom 1 and Bedroom 2, along with Bathroom 1 and Bathroom 2, reflecting the mirrored unit arrangement.
With its two separate sides and compact configuration, the duplex is well suited for an owner looking for a straightforward residential income setup.
Exterior materials include siding, and the roof is composition. Interior rooms listed include Bedroom 1 and Bedroom 2, along with Bathroom 1 and Bathroom 2, reflecting the mirrored unit arrangement.
With its two separate sides and compact configuration, the duplex is well suited for an owner looking for a straightforward residential income setup.
Key Highlights
- Remodeled duplex with one bedroom and one bathroom on each side
- Two‑unit layout: Bedroom 1/Bathroom 1 and Bedroom 2/Bathroom 2
- 825 SF building area
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 | $9.4k | $11.40 |
| − Vacancy | −$517 | −$0.63 |
| EGI | $8.9k | $10.77 |
| − OpEx | −$2.7k | −$3.23 |
| NOI | $6.2k | $7.54 |
825 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with one bedroom and one bathroom on each side, ready for immediate occupancy.
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 one bedroom and one bathroom on each side; Two‑unit layout: Bedroom 1/Bathroom 1 and Bedroom 2/Bathroom 2; 825 SF building area
