500 9th Avenue, Canyon, TX 79015
- Added:
- Jun 29, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 4 at 3:06 am
Property Features for 500 9th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Range
- Standard status
- Active
- APN
- 114368
- Size
- 1,734 SF
Taxes and HOA fees
- Tax Description
- MC GEE & HUTSON ADDN, BLK 0026, W 60FT OF NW/4 OF BLK, 0.2100 ACRES
Building Details
- Year built
- 1962
- Building materials
- Siding, Brick Veneer
- Roof type
- Composition
Listing agent Yvette Ayala (432) 413-3626
Listing office Heritage Real Estate 5030 E University Ste B401, Odessa, TX (432) 413-3626
Listing date Jun 29, 2026
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.
HighLights
- Investment Opportunity: Multi‑unit property generating rental income.
- Includes Two Separate Units: Each unit features 2 bedrooms and 1 bathroom.
- Corner Lot Location: Potentially desirable location.
- Both Units Currently Rented: Immediate income stream.
- Construction: Combination of Siding and Brick Veneer.
- Includes Range: Each unit equipped with a range appliance.
Overview
The duplex sits on a corner lot in Canyon, Texas, within Randall County. The listing emphasizes that an appointment is required to view the property.
For prospective buyers, this is a straightforward multi-family purchase with matching unit layouts and existing tenants. Financing is limited to cash or conventional loan only, and showings must be scheduled in advance. If you are looking for a small, two-unit rental with a consistent two-bedroom configuration, this duplex is designed to fit that use case.
Local 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 | $21.4k | $12.36 |
| − Vacancy | −$2.4k | −$1.41 |
| EGI | $19.0k | $10.95 |
| − OpEx | −$5.7k | −$3.29 |
| NOI | $13.3k | $7.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.940629
- Latitude
- 34.97441
