MULTIFAMILYRADAR
48-Unit Multifamily in Amarillo, TX, photo 1
High yieldValue-add
$2,700,000

48-Unit Multifamily in Amarillo, TX

Randall County, TX · listed May 14, 2026 (167 days)

Price per unit compared
This property$56K
Within ~40 mi (7)$85K
Texas median (1,196)$92K
$/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.

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