48-Unit Multifamily in Amarillo, TX
Randall County, TX · listed May 14, 2026 (167 days)
- $/unit
- $56,250
- ▼ 39% vs TX · 18th pct
- Cap rate
- 8.8%
- ▲ 1.4 pts vs TX median
- NOI
- $239K
- $4,979/unit/yr
- Units
- 48
- 1 bldg · 1977
Financials
- Asking price
- $2,700,000
- Price per unit
- $56,250
- Price per sq ft
- $122
- Gross rent / year
- Not stated
- Net operating income
- $239,015
- NOI per unit
- $4,979
- Cap rate
- 8.8%
- Gross yield
- Not stated
- Occupancy
- 92%
As stated by the seller. Verify during due diligence.
Building
- Units
- 48
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1977
- Building size
- 22,080 sq ft
- Avg unit size
- 460 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 14, 2026
- Days on market
- 167 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1014
About this property
(address on request)nue offers a compelling Class C multifamily value-add opportunity with a stable in-place income stream and clear upside potential. The property features a functional unit mix and efficient layout that supports consistent occupancy
USA Today Reports Amarillo As The Fastest Growing Midsize City In The Country.
Amarillo Is Emerging As One Of The Most Dynamic Growth Markets, Combining Steady Population Expansion With Strong Job Creation And Economic Diversification. With A Population Exceeding 200,000 And Continued Regional Growth, The City Is Attracting New Residents, Businesses, And Investment At An Increasing Pace.
Key Industries Including Aerospace, Manufacturing, Energy, Healthcare, And Logistics Are Driving Job Growth, Highlighted By Major Expansions Such As New Aviation Facilities At Rick Husband Amarillo International Airport, Downtown Office Development From Pantex, And New Industrial Investments Bringing High-Quality Jobs To The Area.
Downtown Amarillo Is Undergoing A Significant Revitalization, With New Residential Units, Hotels, And Mixed-Use Developments Transforming The Urban Core Into A Vibrant Live-Work-Play Environment. This Reinvestment Is Creating Momentum Across Retail, Dining, And Commercial Sectors.
Amarillo’s Central Location, Business-Friendly Environment, Lower Cost Of Living, And Access To Major Transportation Corridors Continue To Attract Employers And Developers Alike. With Ongoing Infrastructure Improvements And Expanding Housing Development, The City Is Well-Positioned For Sustained, Long-Term Growth.
91.7 % Occupancy | 8.29% CAP
Highlights
- Multifamily asset located at (address on request)nue in Amarillo, TX
- Class IV Roof replaced 2023
- Secure access and controlled entry to on-site laundry
- Ample paved parking accommodates residents and guests Efficient unit layouts encourage long-term tenancy
- Dedicated on-site management office supports operational oversight Value-add opportunity through selective interior upgrades
- Immediate proximity to key arterial routes within Amarillo
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Value-add | $2.3M | $85K$85K | — |
Amarillo, TXStabilized | $490K | $70K$70K | — |
| Amarillo, TX High yieldValue-add | $2.3M | $85K$85K | 8% |
Amarillo, TXStabilized | $495K | $41K$41K | — |
Canyon, TXNew construction | $893K | $179K$179K | 10.4%gy |
New construction | $1.18M | $197K$197K | — |


