| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 65th | Best |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2415 S Coulter St, Amarillo, TX, 79106, US |
| Region / Metro | Amarillo |
| Year of Construction | 1974 |
| Units | 97 |
| Transaction Date | 2006-02-01 |
| Transaction Price | $1,864,660 |
| Buyer | Crosspond Properties I |
| Seller | AHF Barrington Community Development, LLC |
2415 S Coulter St Amarillo Multifamily Investment
Stabilized renter demand in an inner-suburban pocket of Amarillo, according to WDSuite’s CRE market data, supports consistent operations with room for value-add upside at a 1970s vintage asset.
This Inner Suburb neighborhood scores A- locally, placing it above the metro median among 87 Amarillo neighborhoods. Grocery and dining options are relatively dense for the city, while parks, cafes, childcare, and pharmacies are thinner. For investors, this mix points to everyday convenience for tenants without the premiums seen in higher-amenity cores.
Neighborhood-level occupancy trends sit in the low 90s and have edged higher over the last five years, signaling steady leasing conditions. A majority of housing units here are renter-occupied, indicating a deep tenant base that can support absorption and limit downtime between turns. Median rents remain accessible for the market, helping sustain demand and reduce renewal friction.
Within a 3-mile radius, population is up modestly and household counts have increased, with forecasts pointing to further population growth and an even larger rise in households by 2028. This trajectory implies a larger tenant base and supports occupancy stability over a multi-year hold.
Elevated home values relative to local incomes suggest a high‑cost ownership market in this part of Amarillo, which tends to reinforce reliance on multifamily housing and bolster lease retention. Strong average school ratings add to neighborhood livability and can enhance long-term renter appeal, a point that aligns with commercial real estate analysis from WDSuite’s dataset.
Safety indicators are mixed but generally comparable to national norms. The neighborhood performs around the metro middle overall, while national comparisons place it modestly above average for safety. Recent data shows property offenses trending down year over year, which is constructive, alongside a comparatively favorable national standing for violent offense rates; however, near‑term violent offense trends have ticked up, warranting routine risk monitoring.
For investors, the takeaway is prudent: conditions are not outliers in either direction for Amarillo, and portfolio risk management should focus on standard measures such as lighting, access control, and community engagement to support tenant retention.
Proximity to established corporate offices supports a stable renter base by shortening commutes and broadening prospects for workforce housing. Nearby employment is led by Xcel Energy.
- Xcel Energy — utilities (1.95 miles)
Built in 1974, the property offers classic value‑add potential: repositioning and targeted capital improvements can sharpen competitive standing versus newer stock while maintaining accessible rent levels. Neighborhood occupancy sits in the low 90s with a high share of renter‑occupied units, supporting leasing stability and renewal capture. Elevated ownership costs in the area further sustain rental demand and can aid pricing power without overreliance on aggressive growth assumptions, based on CRE market data from WDSuite.
Within a 3-mile radius, population and household counts have grown and are projected to rise further by 2028, pointing to renter pool expansion that underpins long‑term demand. Daily‑needs retail access is solid, schools rate well, and rents remain market‑accessible — a combination that supports occupancy resilience while leaving room for operational upside through renovations and efficiency gains.
- Steady tenant base: low‑90s neighborhood occupancy and majority renter‑occupied housing support leasing stability
- Value‑add path: 1974 vintage allows targeted upgrades to enhance rent positioning
- Demand drivers: projected 3‑mile population and household growth expand the renter pool
- Pricing support: elevated ownership costs reinforce multifamily reliance and renewal capture
- Risk watch: amenities like parks/cafes are limited nearby and recent violent‑crime trends warrant standard security focus