| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 50th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3224 Janet Dr, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1983 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3224 Janet Dr Amarillo Multifamily Investment
Neighborhood data points to steady renter demand and competitive occupancy, according to WDSuite’s CRE market data, supporting a durable income profile for a 56-unit asset in Amarillo. Renter concentration is elevated for the area, which can help sustain leasing velocity and retention.
Located in an Inner Suburb of Amarillo, the neighborhood carries a B rating and sits around the metro middle on overall performance (ranked 40 among 87 neighborhoods), per WDSuite’s CRE market data. Occupancy in the surrounding neighborhood is competitive among Amarillo neighborhoods and slightly above the national median, supporting income stability for multifamily assets.
Renter-occupied housing accounts for a sizable share of units locally, landing in the top quartile nationally by renter concentration (44.5% share; 84th percentile). That deeper renter base generally broadens the tenant funnel and can underpin absorption for value-oriented properties. The local rent-to-income ratio is moderate at the neighborhood level, reinforcing lease retention and measured rent growth potential rather than stressing affordability.
Within a 3-mile radius, recent trends show a slight population dip over the last five years alongside a small increase in household count, indicating smaller household sizes and a gradual shift toward more, smaller households — dynamics that often support multifamily demand. Forward-looking projections call for population and household growth by 2028, suggesting a larger tenant base and support for occupancy stability over the medium term.
Amenity access is mixed: restaurant density ranks high nationally (around the 90th percentile) and pharmacies are abundant (near the 100th percentile), while parks, cafes, groceries, and childcare options are limited within the immediate neighborhood footprint. For investors, this positioning favors everyday services and dining convenience but may rely more on short drives for broader lifestyle amenities.
Safety indicators in the area track near or slightly better than national medians overall, and roughly around the metro average (ranked 48 of 87 Amarillo neighborhoods), based on WDSuite’s CRE market data. Property crime levels benchmark better than many neighborhoods nationwide (around the mid‑60s percentile for safety) with an improving one‑year trend. Violent crime sits modestly better than national medians but showed notable year‑over‑year volatility recently, which merits ongoing monitoring rather than firm conclusions from a single period.
Nearby employment anchors provide commute convenience that supports renter demand and retention, led by utility and corporate services within a short drive.
- Xcel Energy — utilities & corporate offices (2.0 miles)
Built in 1983, the property is newer than much of the surrounding housing stock, offering a competitive position versus older assets while still warranting targeted system upgrades and cosmetic renovations typical for its vintage. Neighborhood occupancy trends are competitive within Amarillo and slightly above national medians, and renter concentration ranks in the top quartile nationally — both constructive for leasing stability. According to CRE market data from WDSuite, moderate rent-to-income levels indicate room for disciplined revenue management without overextending affordability.
Three-mile demographics point to a modest household uptick historically and projected growth ahead, implying a gradually expanding renter pool and support for sustained absorption. Amenity access skews toward restaurants and pharmacies, with fewer parks, cafes, and groceries nearby — a neutral factor that places more emphasis on convenience by car rather than walkability. Average unit sizes skew efficient, aligning with workforce renters seeking value-oriented options.
- 1983 vintage provides relative competitiveness versus older local stock, with value-add potential through targeted upgrades.
- Competitive neighborhood occupancy and top‑quartile renter concentration support leasing stability and retention.
- Moderate rent‑to‑income levels suggest headroom for measured rent growth and disciplined revenue management.
- Three‑mile household growth outlook indicates a larger tenant base and support for absorption over the medium term.
- Risks: amenity gaps (parks, groceries, cafes) and recent safety volatility warrant monitoring and conservative underwriting.