4-Unit Multifamily
1102&1104 S WESTERN Street, Amarillo, TX 79106
For Sale
New
$220,000
MultiFamily, Amarillo, TX
Property Size1,950 SF
Price / SF$112.82
Days on Market4
Property Features for 1102&1104 S WESTERN Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
Zoey Shepherd · License TX #805981
(806) 443-5441
Added: Nov 9
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
MLS# 26-8795
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 multifamily property contains four units and totals 1,950 square feet. The building dates to 1926. It is located at 1102 and 1104 S Western Street in Amarillo, Texas.
Key Highlights
- Four total units
- 1,950 square feet
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,933
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,660
$258.7K
Cap Rate 7%
$184,757
$184.8K
Cap Rate 9%
$143,700
$143.7K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$24.8K $12.72/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$23.5K $12.06/SF
− OpEx
−$10.6K −$5.43/SF
NOI
$12.9K $6.63/SF
Area
Amarillo, TX
Vacancy
5.20%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,660
Cap Rate 7%
$184,757
Cap Rate 9%
$143,700
Alternative Uses
Best Use
Apartment 5plus
$184.8K
$161.7K – $215.6K
NOI $12,933 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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Business Placement
Demographics for 79106, TX
27,692
Population
13,385
Households
2.1
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,220
Density / Sq Mi
$54,407
Median Household Income
$36,061
Median Earnings
$995
Median Rent
$163,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Amarillo, TX
Properties on Market for Multifamily properties in Amarillo
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The offering comprises four residential units.
Where is this multifamily property located?
The property is located at 1102&1104 S WESTERN Street Amarillo, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Four total units; 1,950 square feet; Built in 1926
