Two-Unit Duplex with Rental
For Sale
$175,000
500 9th Avenue, Canyon, TX 79015
Both residences are currently rented and offer matching residential layouts.
Property Size1,734 SF
Price / SF$100.92
Days on Market173
Property Features for 500 9th Avenue
General Information
Standard status
Active
Size
1,734 SF
Property subtype
MultiFamily
Amenities
Yes, Window Refrig
Yes
One
Composition
Siding, Brick Veneer
Building Details
Year Built
1962
Listing Agency:
Heritage Real Estate
Listed By:
Yvette Ayala · License #0537643
(806) 236-4453
Source:
Compass
Added: May 3
Changed: Oct 16
Last Checked: Oct 20 at 11:18PM
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 Heritage Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains 1,734 square feet and was built in 1962. Each side provides two bedrooms and one bathroom, creating matching layouts across the property. Exterior materials include composition elements, siding, and brick veneer, while interior features include window refrigeration.
Both units are currently rented. The property is located in Canyon, Texas, and showings require an appointment.
Both units are currently rented. The property is located in Canyon, Texas, and showings require an appointment.
Key Highlights
- Duplex with 1,734 square feet of total property size
- Two bedrooms and one bathroom in each unit
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,292
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,840
$265.8K
Cap Rate 7%
$189,886
$189.9K
Cap Rate 9%
$147,689
$147.7K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$21.4K $12.36/SF
− Vacancy
−$2.4K −$1.41/SF
EGI
$19.0K $10.95/SF
− OpEx
−$5.7K −$3.29/SF
NOI
$13.3K $7.67/SF
Area
Randall County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,840
Cap Rate 7%
$189,886
Cap Rate 9%
$147,689
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.2K – $221.5K
NOI $13,292 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$168.3K
$147.3K – $196.4K
NOI $11,783 @ 7.0% cap · market cap 6.73%
Theoretical Best
Hotel Hospitality
$889.5K
$778.4K – $1.04M
NOI $62,268 @ 7.0% cap · market cap 35.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 79015, TX
21,710
Population
9,311
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
95%
High-School Grad
328.5 sq mi
ZIP Area
66
Density / Sq Mi
$81,351
Median Household Income
$43,168
Median Earnings
$976
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently rented and offer matching residential layouts.
Where is this duplex located?
The property is located at 500 9th Avenue Canyon, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Duplex with 1,734 square feet of total property size; Two bedrooms and one bathroom in each unit; Both units are currently rented
