| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 47th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2706 Lynette Dr, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1977 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2706 Lynette Dr Amarillo Multifamily Investment
Neighborhood-level data around the property points to a sizable renter base and strong daily-needs amenities that support leasing durability, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb area of Amarillo that ranks in the top quartile among 87 metro neighborhoods (overall grade A), signaling competitive location fundamentals for workforce housing. Amenity access is a clear strength: neighborhood counts for restaurants and grocery stores are among the highest locally and test in the top percentiles nationally, supporting resident convenience and tenant retention.
The 1977 vintage is slightly newer than the neighborhoods average construction year of 1973. For investors, this typically means competitive positioning versus older stock while still planning for modernization of building systems and common areas to meet current renter expectations.
Neighborhood occupancy is lower than the metro median and has trended down over five years, which may require active leasing strategies and focused operations to sustain performance. In contrast, the share of housing units that are renter-occupied is elevated (over half of units), indicating depth in the tenant base and steady demand for multifamily product at this location.
Within a 3-mile radius, household counts have inched higher in recent years even as population was flat to slightly down, pointing to smaller household sizes and a broader number of renting households. Looking ahead, projections show growth in both population and households, supporting a larger tenant base and potential occupancy stability. Average school ratings are around the midpoint locally, which is adequate for broad renter demand but not a differentiator.
Home values in the neighborhood are lower than national norms, and rent-to-income levels remain relatively manageable. For investors, this suggests balanced pricing power with some competition from entry-level ownership; thoughtful rent setting and value-add enhancements can help maintain retention while capturing measured rent growth, based on commercial real estate analysis benchmarks.
Safety indicators for the neighborhood sit below the national median and are not among the stronger performers within Amarillo. Interpreting the metro ranking against 87 neighborhoods, the area falls in the lower tier, signaling that investors should underwrite with prudent security and operational plans.
Recent trends are mixed: estimated property offenses have moved down year over year, while estimated violent offenses have moved up. These dynamics argue for proactive measures such as lighting, access control, and resident engagement to support tenant retention. All metrics reflect neighborhood-level patterns rather than conditions at the property.
Nearby employers help anchor local renter demand, with commute-friendly access supporting workforce housing. The list below reflects notable corporate presence in proximity to the property.
- Xcel Energy utilities (2.3 miles)
This 60-unit, 1977-vintage asset benefits from a renter-heavy neighborhood with strong daily-needs amenities and restaurant density that support leasing durability. While neighborhood occupancy trends have softened versus the metro, the elevated concentration of renter-occupied housing units indicates a deep tenant base, and household growth within a 3-mile radius points to expanding demand. According to CRE market data from WDSuite, local home values and rent-to-income levels suggest room for measured rent growth balanced against retention considerations.
The vintage presents scope for targeted value-addinterior refreshes and system updatesto improve competitive positioning against older stock. Investors should underwrite for operational discipline given safety metrics that trail the national median, while leveraging location convenience to drive steady absorption and renewals.
- Renter-heavy neighborhood supports a deeper tenant base and steady demand.
- Strong grocery and restaurant access aids retention and leasing velocity.
- 1977 vintage offers value-add potential via selective renovations and system upgrades.
- Pricing power is balanced: manageable rent-to-income with some competition from entry-level ownership.
- Risks: below-median neighborhood safety and softer occupancy trends require proactive operations and security planning.