| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 28th | Poor |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3201 Tee Anchor Blvd, Amarillo, TX, 79104, US |
| Region / Metro | Amarillo |
| Year of Construction | 2006 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3201 Tee Anchor Blvd Amarillo Multifamily Opportunity
Neighborhood metrics point to a renter-leaning area with occupancy around the low-90s, supporting steady demand, according to WDSuite’s CRE market data. The takeaway for investors is durable tenant depth rather than premium rents.
Located in an Inner Suburb pocket of Amarillo, the property benefits from everyday convenience and a renter-oriented housing base. The neighborhood’s renter-occupied share is elevated relative to the metro, indicating a deeper tenant pool for multifamily owners and supporting leasing continuity. Neighborhood occupancy trends sit near the low-90s, suggesting generally stable absorption rather than rapid turnover.
Amenity access is competitive among Amarillo neighborhoods: grocery options are strong (ranked 8 of 87 metro neighborhoods) and restaurants and cafes show healthy density (ranks 18 and 12 of 87). By contrast, parks, pharmacies, and childcare are sparse locally, which may reduce some family-oriented appeal and should be reflected in positioning and resident experience planning.
Within a 3-mile radius, households have grown modestly in recent years while overall population edged down, implying smaller household sizes and a broader addressable renter base. Projections indicate further increases in households through the medium term, which supports a larger tenant base and occupancy stability for multifamily assets. Median contract rents in the immediate area remain on the lower side for the region, anchoring affordability and helping retention; meanwhile, rent levels have trended upward over the past 5 years, consistent with broader metro patterns.
Built in 2006, the asset is newer than the neighborhood’s average 1960s-era building stock. That vintage can offer a competitive edge versus older properties while still warranting selective system updates or light renovations to maintain positioning and capture value-add upside over time.
Safety indicators present a mixed but improving picture. The neighborhood’s crime rank sits below the metro median (rank 14 out of 87), signaling elevated crime relative to many Amarillo neighborhoods, yet national comparisons are better than midpack (around the upper third nationally). Recent trend data shows meaningful year-over-year declines in both property and violent offense estimates, which supports a cautious improvement narrative rather than a definitive shift.
For investors, this points to standard risk management: emphasize lighting and access controls, monitor local trendlines, and align underwriting assumptions with submarket-level comparables rather than the metro’s top-performing areas.
Nearby employment includes utility and corporate office roles that help anchor demand and shorten commutes for residents, notably Xcel Energy’s offices.
- Xcel Energy — utilities/corporate offices (6.4 miles)
This 60-unit asset’s investment case centers on renter demand depth, everyday convenience, and a vintage advantage. The surrounding neighborhood shows an elevated renter-occupied share and occupancy near the low-90s, supporting leasing stability. Amenity access is strongest in daily-needs retail and food service, while limited parks/childcare options call for pragmatic positioning. According to CRE market data from WDSuite, local rents remain comparatively accessible, reinforcing retention while still exhibiting upward momentum over the last five years.
Constructed in 2006, the property is newer than much of the area’s 1960s stock, providing relative competitiveness and potential to capture value through targeted upgrades rather than heavy capex. Within a 3-mile radius, household growth and forecasts for a larger renter pool point to a broader tenant base, which can support occupancy and steady cash flow through the cycle when combined with disciplined operations.
- Renter-oriented neighborhood and occupancy near low-90s support stable leasing
- 2006 construction offers a competitive edge versus older local stock with light-renovation upside
- Strong daily-needs access (groceries, restaurants, cafes) underpins convenience-led retention
- 3-mile household growth and projected renter pool expansion support demand durability
- Risks: safety sits below metro median, sparse parks/childcare, and value positioning limits near-term rent premiums