Amarillo, TX Multifamily Properties for Sale

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Updated: Aug 19

Leased Duplex with Two Units

1506 SW 11TH Avenue, Amarillo, TX 79101

$100,000

1,216 sqft

Two‑unit duplex totaling 1,216 square feet
Each unit has 1 bedroom and 1 bathroom
Both units are currently leased and tenant occupied
Washer/dryer hookups are provided in each unit
Unit A includes a mini‑split for heating and cooling

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This listing looks promising.

Here's a quick look at some key insights for

1506 SW 11TH Avenue, Amarillo, TX 79101-3076

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Est. Cap Rate

9.2%
Above avg (5.9%)
Est. NOI

$9K
Annual
Price @ 7% Cap

$131K
Above asking
Property Type

Duplex
Built 1928

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Updated: Jun 10

Apartment Building with 55 Units

3020 SW 27th Avenue, Amarillo, TX 79109

$3,550,000

9,600 sqft

Immediate upside potential with below‑market rents.
Prime SW Amarillo location near major amenities.
55‑unit multifamily property with a mix of 1‑bed/1‑bath and 2‑bed/1‑bath units.
Amarillo's strong economic outlook.
Recent upgrades demonstrate potential for rent growth.

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Mobile Home & RV Park with Storage Buildings

10507 BROADWAY Drive, Amarillo, TX 79108

$459,000

728 sqft 2.00 AC lot

Well-maintained, 100% occupied park with six two-bedroom homes, three RV spaces, and storage buildings with covered parking.

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Triplex with Three Rental Units

1614 S Hayden Street, Amarillo, TX 79102

$239,000

1,372 sqft

Triplex in Bivins with three occupied units on month-to-month leases, including two-bedroom and efficiency layouts.

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Triplex with Vacant Land

10101 S Western, Amarillo, TX 79118

$700,000

1,582 sqft 5.57 AC lot

Three separately rented homes with more than half the acreage vacant.

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Updated Quadplex with Fenced Yard

1000 SW 11th Avenue, Amarillo, TX 79101

$425,000

4,240 sqft

Four-unit income property with separate utility meters, a fenced yard, and a vacant residence for flexible occupancy.

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Duplex with Two Three-Bedroom Units

1405 NW 10TH Avenue, Amarillo, TX 79107

$244,900

1,993 sqft 0.16 AC lot

Newer duplex built in 2022 featuring two three-bedroom, two-bath units with central air and solid-surface flooring.

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Occupied Duplex with Two Bedrooms

1104 S WESTERN Street, Amarillo, TX 79106

$165,000

320 sqft

Completely occupied duplex built in 1945 with two bedrooms and two bathrooms.

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Multifamily Value-Add Opportunity in Amarillo

4101 REPUBLIC AVE, Amarillo, TX 79109

Contact for pricing

22,080 sqft

Class C multifamily property with income stream and upside potential.

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Duplex Built in 2022

1423 NW 16TH Avenue, Amarillo, TX 79107

$249,900

1,993 sqft 0.17 AC lot

Two 3-bedroom, 2-bath units with solid-surface floors and open living, dining, and kitchen layouts.

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Two-Unit Duplex with Appliances

1437 NW 17TH Avenue, Amarillo, TX 79107

$234,900

1,993 sqft

Recently constructed duplex with matching layouts, modern finishes, and one occupied residence alongside a vacant unit.

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Amarillo Fourplex: Investor Opportunity

1224 SW 11TH Avenue, Amarillo, TX 79101

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3,752 sqft

Well-maintained fourplex in high-demand rental area near downtown Amarillo.

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Quadplex with Balcony

701 SW 15TH Avenue, Amarillo, TX 79101

$425,000

3,696 sqft

Well-maintained fourplex with three remodeled units, offering a mix of one- and two-bedroom layouts and balcony exterior features.

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Updated Exterior 4-Plex Opportunity

404 N LINCOLN, Amarillo, TX 79107

$110,000

3,226 sqft 0.19 AC lot

Four-plex foundation with newly updated siding and windows, offered with interior taken to studs for a custom rebuild.

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20-Unit Apartment Complex with Laundry

709 N Mirror St, Amarillo, TX 79107

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14,000 sqft

Five residential buildings accompany a detached commercial laundry facility under MF-1 zoning.

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Turn-Key Duplex Investment Property

1408 SW 12th Avenue, Amarillo, TX 79102

$239,900

1,770 sqft 0.04 AC lot

Duplex with central air, remodeled interiors, and separate utilities for two income-producing homes.

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20-Unit Multifamily Apartment Community

1002 SW 11th Ave, Amarillo, TX 79101

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13,623 sqft 0.39 AC lot

Carmel Apartments is a 20-unit community built in 1964 with updated units, newer HVAC units, and a recently replaced roof.

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Amarillo Triplex Investment Opportunity

106 NE 11th Avenue, Amarillo, TX 79107

$135,000

1,320 sqft

Triplex in Amarillo, Texas with updated plumbing and electrical.

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Brick Four-Duplex Multifamily

1327 Evergreen St, Amarillo, TX 79107

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0.54 AC lot

Brick-built property features four duplexes totaling eight units, with 16 bedrooms and eight bathrooms.

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Frame Quadplex with Central Air

1008 SW 11TH Avenue, Amarillo, TX 79107

$305,000

2,090 sqft

Frame quadplex with central air and electric cooling, positioned in an established Amarillo rental area.

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Stabilized Duplex Apartment Portfolio

1000 N Lake St, Amarillo, TX 79107

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Nine buildings with 18 duplex units, professionally managed, newer roofs, and on-site storage.

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Duplex with Detached Two-Car Garage

411 S Florida Street, Amarillo, TX 79106

$99,000

1,056 sqft

Each side offers a one-bedroom, one-bath layout, with unit B accessing a detached two-car garage.

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Amarillo By Morning RV Park

900 S LAKESIDE DR, Amarillo, TX 79118

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RV park positioned beside Interstate 40 in Amarillo, Texas.

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Duplex With Cottage Character

4215 SW 12TH Avenue, Amarillo, TX 79106

$229,000

1,582 sqft

1933 duplex offering a three-bedroom main residence and a separate efficiency apartment with independent laundry.

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Amarillo, TX Multifamily Properties Market Trends and Statistics

Explore 62 multifamily properties for sale in Amarillo, TX, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 104,301 square feet of properties for sale, with an estimated market value of $13,580,600.

Sale prices for multifamily properties in Amarillo, TX start at $89,000, averaging $522,330, and reaching up to $3,550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 236K

Population Growth (5Y) +2.2%

Median Household Income $66,978

College Educated 14.6%

High-Yield Neighborhoods for Investment

Identify Amarillo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
79102	$226K
79107	$226.2K
79101	$337.6K
79106	$357.4K
79108	$459K

Taxes & Financing

Tax Rate (average for all types) 1.60%

Property Tax per SF $29.72 per SF

Tax Rate vs County Average 0.03 pp below county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Amarillo fall within the 100,000+ square foot range.

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