| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 50th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5509 SW 9th Ave, Amarillo, TX, 79106, US |
| Region / Metro | Amarillo |
| Year of Construction | 2005 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5509 SW 9th Ave Amarillo Multifamily Investment
Renter demand is supported by a competitive neighborhood occupancy profile and a near-even renter-occupied housing mix, according to WDSuite’s CRE market data. The location’s Inner Suburb dynamics offer steady leasing potential with room for operational optimization.
The property sits in an Inner Suburb area of Amarillo with a neighborhood rating of C, where occupancy is competitive among Amarillo neighborhoods (rank 24 of 87). That backdrop signals stable tenancy for well-managed assets and supports underwriting for consistent collections and retention.
Renter concentration is notable, with 46.7% of housing units renter-occupied (rank 16 of 87, top quartile among Amarillo neighborhoods). For multifamily owners, that depth of the tenant base tends to support ongoing leasing velocity and reduces dependence on in-migration to fill units.
Local amenity density (cafes, groceries, parks, pharmacies, restaurants) is limited based on neighborhood rankings (generally toward the bottom among 87 metro neighborhoods). Investors should weigh this against drivability to citywide services and employment, while emphasizing on-site convenience and management-driven resident experience.
Schools average around 3.0 out of 5 and sit above the metro median (rank 23 of 87; national standing is above average). That can aid family retention and broaden the renter profile relative to weaker school catchments.
Home values are lower than many U.S. neighborhoods, which can introduce some competition from ownership. At the same time, a moderate rent-to-income profile (neighborhood ratio around the middle of national peers) points to manageable affordability pressure, aiding lease retention but suggesting measured pricing power.
Within a 3-mile radius, demographic statistics show essentially flat recent population with a slight increase in households and forecasts calling for growth in both households and incomes. This implies a gradually expanding tenant base over the next few years, supporting occupancy stability and measured rent growth for professionally operated assets.
Neighborhood safety indicators are broadly around national averages overall. The area’s crime standing sits near the middle of Amarillo neighborhoods (rank 56 of 87), while national percentiles indicate comparatively safer conditions for violent incidents and slightly better-than-average positioning for property offenses.
Recent trends are mixed: estimated violent offense rates have risen year over year, while property offenses have eased. For investors, this suggests routine, data-driven security planning remains prudent, with attention to lighting, access control, and partnership with local community resources to support resident confidence and retention.
- Xcel Energy — utilities and regional offices (3.2 miles)
Constructed in 2005, the asset is newer than the neighborhood’s older housing stock, offering a competitive edge versus 1970s-era properties while still leaving room for targeted modernization. Neighborhood occupancy ranks competitive among Amarillo peers, and the renter-occupied share is in the metro’s top quartile—both supportive of steady leasing and collections. Based on commercial real estate analysis from WDSuite, these dynamics align with durable renter demand rather than short-term spikes.
Within a 3-mile radius, households have inched up recently and are projected to grow alongside incomes, pointing to a larger tenant base over the medium term. Lower local ownership costs can create some competition with for-sale options, but a balanced rent-to-income backdrop favors retention-focused operations, with value-add potential stemming from selective unit and common-area upgrades rather than heavy-capex repositioning.
- 2005 vintage provides relative competitiveness vs. older stock with targeted modernization potential
- Competitive neighborhood occupancy and top-quartile renter concentration support leasing stability
- 3-mile household and income growth projections expand the tenant base and reinforce demand
- Lower ownership costs may temper pricing power—emphasize retention, amenities, and operational execution