Amarillo, TX Residential Income 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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Portfolio of Amarillo Properties

2706 RIDGEMERE Boulevard, Amarillo, TX 79107

$1,266,000

736 sqft

Portfolio of 12 properties in Amarillo and Canyon, Texas.

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Multi-Home Compound on 5.57 Acres

10101 S WESTERN, Amarillo, TX 79118

$700,000

1,582 sqft

Three separate rented homes sit on 5.57 acres with over half the land described as vacant and unrestricted.

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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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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 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 Multi-Family Investment Portfolio

402 S Rusk Street, Amarillo, TX 79106

$1,600,000

672 sqft

Portfolio of 15 properties in Amarillo, Texas.

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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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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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Historic Amarillo Commercial Investment Opportunity

907 S Madison Street, Amarillo, TX 79101

$400,000

1,384 sqft 0.38 AC lot

Unique commercial property with rental income potential in Amarillo, Texas.

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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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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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Amarillo, TX Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Amarillo, TX, showcased through 45 active listings on our real estate platform. These investment opportunities span a total of 223,435 square feet of properties for sale, with an estimated market value of $26,951,599.

Sale prices for residential income properties in Amarillo, TX start at $89,000, averaging $792,694, and reaching up to $5,000,000 — 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
79108	$259.5K
79102	$284.6K
79107	$317.2K
79101	$337.6K
79118	$762.3K

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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