Two-Unit Duplex on Corner
For Sale
$175,000
500 9th Avenue, Canyon, TX 79015
MultiFamily, Canyon, TX
Property Size1,734 SF
Price / SF$100.92
Days on Market101
Property Features for 500 9th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0900 - All of Canyon in City Limits
Appliances
Range
Directions
SOUTH ON 23RD TO 4TH AVE WEST TO 11TH ST SOUTH TO 9TH AVE WEST
Subdivision
0902 - Westgate
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
Legal 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 Agency:
Heritage Real Estate
Listed By:
Yvette Ayala
(432) 413-3626
Added: Jun 29
Changed: Aug 26
Last Checked: Oct 7 at 3:06PM
MLS# 26-3838
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 two-unit duplex contains 1,734 square feet, with each residence configured as a two-bedroom, one-bathroom home. Both units are currently rented. The property was built in 1962 and includes range appliances, siding and brick veneer construction, and a composition roof.
Set on a corner lot in Canyon, Texas, the duplex offers an established residential income configuration with separate living units under one property. The asset is available for cash or conventional financing.
Set on a corner lot in Canyon, Texas, the duplex offers an established residential income configuration with separate living units under one property. The asset is available for cash or conventional financing.
Key Highlights
- Two‑unit duplex with 1,734 square feet
- Each unit has 2 bedrooms and 1 bathroom
- 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms and one bathroom, with both units currently rented.
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: Two‑unit duplex with 1,734 square feet; Each unit has 2 bedrooms and 1 bathroom; Both units are currently rented
