Updated Duplex with Fenced
New
For Sale
$170,000
Amarillo, TX 79110, Amarillo, TX 79110
MultiFamily, Amarillo, TX
Property Size1,859 SF
Price / SF$91.45
Days on Market3
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
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Directions
Headed South on S Washington make a left onto SW 44th. The property will be on the right.
Subdivision
0412 - Gables
Standard status
Active
APN
111761
Size
1,859 SF
Taxes and HOA fees
Tax Description
BROADMOOR ADDN, LOT 002, BLK 000V
Legal Description
BROADMOOR ADDN, LOT 002, BLK 000V
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) 282-1465
Added: Sep 14
Last Checked: Sep 16 at 5:06AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,019
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 8.25%
Second Best
Apartment 5plus
$176.1K
$154.1K – $205.5K
NOI $12,329 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$415.1K
$363.2K – $484.2K
NOI $29,054 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $170,000.
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
