Updated Duplex with Fenced
For Sale
$160,000
Amarillo, TX 79110, Amarillo, TX 79110
MultiFamily, Amarillo, TX
Property Size1,859 SF
Price / SF$86.07
Days on Market48
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0400 - SE Amarillo in City Limits
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2
Subdivision
0412 - Gables
Standard status
Active
Size
1,859 SF
Additional Details
Tenant in Place
Yes
Utilities
Cooling system
Central Air
Amenities
private fenced backyard
Building Details
Year built
1928
Number of units
2
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Cornerstone Realty Group · License #9012308
(806) 955-7653
Added: Sep 14
Changed: Oct 28
Last Checked: Oct 31 at 5:06PM
MLS# 26-7402
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 updated duplex contains 1859 square feet arranged as two 2-bedroom, 1-bath units. Each side has its own private fenced backyard, while both interiors have been remodeled. Central air is included, and the property was built in 1928.
Both units are currently tenant occupied under separate lease terms. Side A is leased through 4/30/27, and Side B is leased through 2/28/27. Located in Amarillo, Texas 79110, the property combines a two-unit residential layout with updated interiors and existing occupancy.
Both units are currently tenant occupied under separate lease terms. Side A is leased through 4/30/27, and Side B is leased through 2/28/27. Located in Amarillo, Texas 79110, the property combines a two-unit residential layout with updated interiors and existing occupancy.
Key Highlights
- 1859‑square‑foot duplex with two residential units
- Two 2‑bedroom, 1‑bath units
- Private fenced backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,019
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,380
$280.4K
Cap Rate 7%
$200,271
$200.3K
Cap Rate 9%
$155,767
$155.8K
Market Conditions
NOI Build-Up for 1,859 SF
Gross rent
$21.2K $11.40/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$20.0K $10.77/SF
− OpEx
−$6.0K −$3.23/SF
NOI
$14.0K $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%
$280,380
Cap Rate 7%
$200,271
Cap Rate 9%
$155,767
Alternative Uses
Best Use
Multifamily LT 5
$200.3K
$175.2K – $233.7K
NOI $14,019 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$176.1K
$154.1K – $205.5K
NOI $12,329 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$415.1K
$363.2K – $484.2K
NOI $29,054 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled units offer private fenced backyards and current tenant occupancy.
Where is this duplex located?
The property is located at Amarillo, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1859‑square‑foot duplex with two residential units; Two 2‑bedroom, 1‑bath units; Private fenced backyard for each unit
