Remodeled Duplex Investment
For Sale
$92,500
403 North Florida Street, Amarillo, TX 79106
Remodeled San Jacinto duplex, ideal for construction worker housing.
Property Size412 SF
Price / SF$224.51
Days on Market311
Property Features for 403 North Florida Street
General Information
Standard status
Active
Size
412 SF
Property subtype
MultiFamily
Building Details
Year Built
1920
Listing Agency:
Keller Williams Realty Amarillo
(806) 626-2298
Listed By:
Frances Frost · License #0679680
(806) 626-2298
Source:
Compass
Added: Sep 28, 2025
Changed: Jul 10
Last Checked: Aug 4 at 11:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Amarillo
Investment Insights
Based on property information with market context.
This remodeled duplex in San Jacinto presents an investment opportunity. The property features two units, each containing one bedroom and one bathroom. The property size is 412 square feet. This duplex is suitable for housing temporary construction workers.
Key Highlights
- Remodeled duplex, ready for immediate rental income.
- Excellent rental opportunity for temporary construction workers.
- One bedroom and one bathroom on each side of the duplex.
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 | $4.7k | $11.40 |
| − Vacancy | −$258 | −$0.63 |
| EGI | $4.4k | $10.77 |
| − OpEx | −$1.3k | −$3.23 |
| NOI | $3.1k | $7.54 |
412 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$44.4K
$38.8K – $51.8K
NOI $3,107 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$39.0K
$34.2K – $45.5K
NOI $2,732 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$92.0K
$80.5K – $107.3K
NOI $6,439 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled San Jacinto duplex, ideal for construction worker housing.
Where is this duplex located?
The property is located at 403 North Florida Street Amarillo, TX.
What is the asking price?
The asking price for this property is $92,500.
What are key features of this property?
This property features: Remodeled duplex, ready for immediate rental income.; Excellent rental opportunity for temporary construction workers.; One bedroom and one bathroom on each side of the duplex.
