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5005 Lexington Square
Amarillo, TX 79119
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$425,000
1000 SW 11th Avenue
Amarillo, TX 79101
MLS# 26-5908
4240 sqft
Front
  1 / 40  
Front Front Front Carport Back view Unit 1 Dining Unit 1 Bed Unit 1 Bed Unit 1 Bed Unit 1 Bath Unit 1 Bath Stairwell Unit 1 bed Unit 1 dining Unit 2 Bath Unit 2 Bedroom Unit 2 Dinning Room Unit 2 Kitchen Unit 3 Unit 3 Unit 3 Unit 3 Unit 3 Unit 3 Unit 3 Unit 3 Unit 3 Unit 3 unit 3 living room unit 4 bath 2 unit 4 bathroom Unit 4 bedroom unit 4 dinning unit 4 kitchen 2 unit 4 kitchen and dinning unit 4 kitchen Unit 4 living 2 unit 4 Living Unit 4 pictures IMG_3487

Property Description
Fantastic investment opportunity in the desirable Bivins neighborhood! This updated quadplex features three 1-bedroom, 1-bath units that are currently leased, providing immediate rental income, plus one vacant 3-bedroom, 2-bath unit ready for an owner-occupant or additional rental income. Numerous improvements include a new roof, new sewer lines, updated electric, and a new HVAC system in Unit 1. All utilities are separately metered, making management simple and efficient. The property also offers a fenced yard for added tenant enjoyment. Project Cap Rate: 9.25% Whether you're looking to expand your investment portfolio or live in one unit while the others help pay the mortgage, this well-maintained property is one you won't want to miss!

Details
Maps
Property Information
To Be Auctioned: No
Zone: 0100 - NW Amarillo in City Limits
Photos are Virtually Staged: No
Realtor.COM Type: Multi-Family
List Price Per Sq. Ft.: 100.24
Source of Sq Ft: Appraisal District
Current Price: $425,000
List Price: $425,000
Area: 0101 - Bivins
Status: Active
Total SqFt. (+/-): 4240
Year Built: 1941
Taxes and Legal Information
City: Amarillo
Legal: MADDEN ADDN, LOT 011, BLK 0004
House #: 1000
Street Direction Pfx: SW
Street Name: 11th
Street Sfx: Avenue
State/Province: TX
Postal Code: 79101
County: Potter
Listing Info
L/A Supervisor Name: Adrian Farris
Supervisor's Phone #: 806-359-4000
L/A Supervisor License Number: 467078
Exchange For: Cash
Directions: North on Washington from I40, West on 11th
Income
Gross Income: 54,588
Net Oper Income: 39
Unit Features
Fenced Area: 1
Fireplace: 1
Roof
Composition: 1
Heating
Central Unit(s): 1
Property Features
Unit Features: Fenced Area; Fireplace
Roof: Composition
Listing Office: Keller Williams Realty Amarillo
Listing Agent: Anastasia Blanda

Last Updated: July - 23 - 2026

Information deemed reliable but not guaranteed.

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