Two-Unit Duplex with
4203 TULIA Drive, Amarillo, TX 79109
For Sale
New
$240,000
Under Contract
MultiFamily, Amarillo, TX
Property Size2,280 SF
Price / SF$105.26
Days on Market3
Property Features for 4203 TULIA Drive
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Appliances
Directions
Subdivision
Standard status
Size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Cooling system
Amenities
detached garage
spacious yard
mature trees
Building Details
Year built
Number of units
Roof type
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Nicklas Espinosa · License TX #794944
(806) 420-1141
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 26-8868
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 2,280-square-foot duplex, built in 1963, contains two residences, each arranged with 2 bedrooms and 1 bathroom. Both have their own HVAC system, updated in recent years, and separately metered utilities. Central air and a range are also listed among the property features. A detached garage, rear parking, a yard, and mature trees complete the site.
One residence is occupied by a long-term tenant who is open to either remaining or moving out. The property is in Amarillo, Texas.
One residence is occupied by a long-term tenant who is open to either remaining or moving out. The property is in Amarillo, Texas.
Key Highlights
- 2,280‑square‑foot duplex with two 2‑bedroom, 1‑bathroom residences
- Each residence has separate utility meters and its own HVAC system, updated in recent years
- Detached garage, with additional parking at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,194
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,880
$343.9K
Cap Rate 7%
$245,629
$245.6K
Cap Rate 9%
$191,044
$191.0K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$26.0K $11.40/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$24.6K $10.77/SF
− OpEx
−$7.4K −$3.23/SF
NOI
$17.2K $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%
$343,880
Cap Rate 7%
$245,629
Cap Rate 9%
$191,044
Alternative Uses
Best Use
Multifamily LT 5
$245.6K
$214.9K – $286.6K
NOI $17,194 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$216.0K
$189.0K – $252.0K
NOI $15,121 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$509.1K
$445.4K – $593.9K
NOI $35,634 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Amarillo, TX
Properties on Market for Duplexes in Amarillo
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and HVAC systems serve the two residences, with a detached garage and rear parking on site.
Where is this duplex located?
The property is located at 4203 TULIA Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,280‑square‑foot duplex with two 2‑bedroom, 1‑bathroom residences; Each residence has separate utility meters and its own HVAC system, updated in recent years; Detached garage, with additional parking at the rear
