1 / 212-Unit Multifamily in Amarillo, TX
Potter Randall County, TX · listed Aug 20, 2026 (69 days)
- $/unit
- $41,250
- ▼ 55% vs TX · 10th pct
- Cap rate
- —
- NOI
- $61K
- $5,109/unit/yr
- Units
- 12
- 1 bldg · 1926
Financials
- Asking price
- $495,000
- Price per unit
- $41,250
- Price per sq ft
- $100
- Gross rent / year
- Not stated
- Net operating income
- $61,313
- NOI per unit
- $5,109
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1926
- Building size
- 4,944 sq ft
- Avg unit size
- 412 sq ft
- Lot size
- 0.17 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 20, 2026
- Days on market
- 69 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1531
About this property
Rowan Multifamily Advisors is pleased to announce the exclusive listing of Hollywood Apartments in Amarillo, Texas. Hollywood Apartments is a 12-unit multifamily community located just south of Downtown Amarillo, offering investors a stabilized asset with significant renovation work already completed. The property benefits from proximity to downtown employers, entertainment venues, Amarillo College, and major transportation infrastructure, supporting consistent workforce housing demand. Hollywood Apartments provides investors the opportunity to acquire a cash-flowing asset with continued operational upside.
Multifamily | 12 Units
Highlights
- Located near Downtown Amarillo, Amarillo College, and major employers.
- Stabilized occupancy provides immediate cash flow with operational upside.
- Positioned within walking distance of Hodgetown and downtown amenities.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Amarillo, TX High yieldValue-add | $2.3M | $85K$85K | 8% |
 Amarillo, TXStabilized | $490K | $70K$70K | — |
 Amarillo, TXValue-add | $2.3M | $85K$85K | — |
 Amarillo, TXHigh yieldValue-add | $2.7M | $56K$56K | 8.8% |
 Amarillo, TXNew construction | $1.18M | $197K$197K | — |
 Canyon, TXNew construction | $893K | $179K$179K | 10.4%gy |