$224,159
NAL Estimated Property Value1205 Sw 11th Ave, Amarillo, TX, 79101
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Stong income-producing triplex with an estimated 11.5% cap rate! FULLY OCCUPIED, tenants are on month-to-month. Unit B has been completely remodeled, offering a modern interior that adds immediate value. The property includes a large backyard, detached 2-car garage ideal for storage, and a separate rear building ready to be renovated into a 4th income-producing unit. Owner pays for water and gas. Priced below tax appraisal value, this is an excellent opportunity to secure a solid multifamily investment with upside.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Amarillo
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