| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 37th | Fair |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4101 Republic Ave, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4101 Republic Ave, Amarillo TX Multifamily Investment
Positioned in an inner-suburban pocket with strong daily amenities and steady renter demand, this 48-unit asset benefits from neighborhood occupancy trending upward and rents that remain competitive relative to national levels, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Amarillo rated A- and ranked 16 out of 87 metro neighborhoods, placing it in the top quartile locally. Daily needs are well covered: the surrounding area shows high concentrations of restaurants, cafés, childcare, and grocery options, with amenity access testing in the upper national percentiles. This supports convenience-driven leasing and broad appeal across household types.
Neighborhood occupancy is in the high-80% range and has improved over the past five years, a constructive sign for near-term leasing and renewal stability. Rents benchmark below the national median (low national percentile), which can help sustain absorption while still allowing for disciplined revenue management. Median household incomes in the immediate neighborhood skew lower relative to the nation, so operators should emphasize value and retention over aggressive pricing.
Vintage matters for underwriting. Built in 1977, the asset is older than the neighborhood’s average vintage (1986), pointing to potential capital planning for systems, exterior refresh, and unit renovations. That age profile can also create value-add opportunity where finishes and energy efficiency upgrades improve competitive positioning against newer stock.
Within a 3-mile radius, demographics indicate a modest population increase in recent years alongside growth in total households and a gradual reduction in average household size—factors that typically expand the renter pool and support occupancy stability. Forecasts point to further household growth, which can deepen the tenant base even if family counts remain flat.
A note on balance: while amenity density is strong, neighborhood park and pharmacy presence ranks at the low end locally, which may temper some lifestyle appeal. For investors, this suggests marketing should highlight nearby food, childcare, and grocery convenience while positioning on-site features to offset limited green space.
Safety indicators are mixed but generally comparable to national norms. Neighborhood results align near the national middle on property incidents, while violent incident measures test stronger than the national average (higher national safety percentile). Importantly, recent data shows a notable year-over-year decrease in estimated property offenses, suggesting improving conditions.
Within the Amarillo metro (87 neighborhoods total), the neighborhood’s rank sits around the middle of the pack, indicating neither an outlier risk nor a standout strength at the metro level. For investors, this points to standard operating diligence—lighting, access control, and community engagement—rather than extraordinary mitigation.
Proximity to a major utility employer supports workforce housing demand and commute convenience for residents, helping retention and weekday occupancy consistency.
- Xcel Energy — electric utility (1.4 miles)
This 1977-vintage, 48-unit Amarillo asset combines top-quartile neighborhood positioning in the metro with practical renter fundamentals. Amenity access is strong, neighborhood occupancy has trended upward, and local rents sit below national medians—factors that can underpin absorption and renewals while allowing for disciplined rent setting. Based on CRE market data from WDSuite, safety measures align near national norms with recent improvement in property incidents, supporting stable operations with standard security best practices.
The older vintage signals clear value-add pathways: systems upgrades, exterior improvements, and interior renovations to differentiate against newer supply. Within a 3-mile radius, recent and forecast household growth—and smaller average household sizes—point to a larger tenant base over time, reinforcing demand depth even as incomes vary across the area. Execution should balance affordability and renewal incentives with ROI-focused upgrades.
- Top-quartile neighborhood position (16 of 87 metro areas) with strong daily amenities supporting leasing
- Neighborhood occupancy trending upward, aiding renewal stability and pricing discipline
- 1977 vintage offers clear renovation and energy-efficiency upgrade potential for competitive lift
- 3-mile household growth and smaller household sizes point to renter pool expansion over time
- Risks: lower neighborhood incomes, limited parks/pharmacy access, and older systems require targeted capex and resident retention focus