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Four-Unit Duplex Portfolio
For Sale
$510,000
Pending

5305& 5301 RAINDROP Lane, Amarillo, TX 79110

MultiFamily, Amarillo, TX

Property SizeContact for details
Days on Market77

Property Features for 5305& 5301 RAINDROP Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description 0400 - SE Amarillo in City Limits
Appliances Range, Dishwasher
Directions South Georgia to Raindrop.
Subdivision 0420 - South Georgia
Standard status Pending

Taxes and HOA fees

Tax Description Call for Legals, too lengthy to fit here
Legal Description Call for Legals, too lengthy to fit here

Utilities

Cooling system Central Air

Amenities

walkways
swimming pool

Building Details

Year built 1979
Building materials Brick Veneer
Roof type Composition
Listing Agency: Addresses of Amarillo, REALTORS(R)
Listed By: Mary Kay Riley · License #0443417
Added: Jun 8 Changed: Aug 21 Last Checked: Aug 23 at 5:06PM
MLS# 26-4664

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 residential income property consists of two duplex buildings at 5301 and 5305 Raindrop Lane, providing four total doors. The buildings were constructed in 1979 and feature brick veneer exteriors, composition roofs, and central air conditioning. Each property includes ranges and dishwashers.

The duplexes are located within The Shores Homeowners Association, where residents have access to community walkways and a swimming pool. Together, the two buildings offer a four-unit configuration within a managed residential setting.

Key Highlights

  • Two duplex buildings at 5301 and 5305 Raindrop Lane
  • Four total doors across the two properties
  • The Shores Homeowners Association access includes walkways and a swimming pool

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Pharmacy Accounting Firm Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

587
Businesses Nearby

Demographics for 79110, TX

18,285
Population
7,760
Households
2.4
Avg Household Size
35
Median Age
15%
College-Educated
91%
High-School Grad
5.4 sq mi
ZIP Area
3,386
Density / Sq Mi
$65,896
Median Household Income
$39,833
Median Earnings
$1,173
Median Rent
$153,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two brick-veneer duplex properties with central air and HOA access to walkways and a swimming pool.
Where is this duplex located?
The property is located at 5305& 5301 RAINDROP Lane Amarillo, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two duplex buildings at 5301 and 5305 Raindrop Lane; Four total doors across the two properties; The Shores Homeowners Association access includes walkways and a swimming pool
More about this property
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