| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 56th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4301 Ridgecrest Cir, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1973 |
| Units | 116 |
| Transaction Date | 2013-04-02 |
| Transaction Price | $483,000 |
| Buyer | AMARILLO RIDGECREST LLC |
| Seller | AMARILLO WESTWINDS APARTMENTS INC |
4301 Ridgecrest Cir, Amarillo TX Multifamily Investment
Steady renter demand in an inner-suburban pocket with improving neighborhood occupancy and accessible rents supports retention and cash flow potential, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Amarillo, the property sits in a neighborhood rated A- and ranked 17 out of 87 metro neighborhoods, indicating it is competitive among Amarillo neighborhoods. Restaurant density is a relative strength (top decile nationally), while day-to-day amenities like cafes, groceries, and parks are thinner locally, so residents rely on nearby retail corridors for services.
Neighborhood occupancy is in the mid-80s and has improved over the last five years, signaling firmer leasing conditions. The neighborhood’s renter concentration is roughly one-third of housing units renter-occupied, with a larger renter pool within the 3-mile radius; this mix points to a stable but not saturated tenant base. Median contract rents in the neighborhood sit near the middle of the national distribution and, paired with a low rent-to-income ratio locally, suggest manageable affordability pressure and support for lease retention.
Home values in the area are moderate in absolute terms but relatively high versus incomes by national standards (value-to-income near the top decile), which can sustain reliance on multifamily rentals and help underpin occupancy. Average school ratings are around 3 out of 5, supported by stronger access to childcare and pharmacies than the typical U.S. neighborhood.
The asset’s 1973 vintage is older than the neighborhood average construction year (1980), which may require capital planning for systems and interiors but also presents clear value-add and repositioning opportunities relative to newer and renovated stock.
Safety indicators are mixed and should be evaluated over time. The neighborhood’s overall crime positioning sits around the national midpoint, with Amarillo-relative crime rank in the upper half of 87 neighborhoods (comparatively better than many local peers). Property-related offenses have declined meaningfully year over year, placing the improvement in a stronger national bracket.
Violent offense levels benchmark better than the typical U.S. neighborhood by percentile, but the most recent year-over-year change shows an unfavorable move and warrants monitoring. Investors should focus on multi-year trends and submarket context rather than isolated snapshots when underwriting risk.
Proximity to established employers supports a diversified renter base and commute convenience, which can aid leasing stability. Nearby office employment is led by Xcel Energy.
- Xcel Energy — utilities (1.2 miles)
This 116-unit asset combines a competitive neighborhood position with accessible rents and a broad renter base within a 3-mile radius, supporting occupancy stability and lease retention. Restaurant-oriented amenity density outperforms the national norm, while ownership costs relative to income encourage continued reliance on rentals. According to CRE market data from WDSuite, neighborhood occupancy has improved over five years and local rent-to-income is comparatively low, reinforcing day-to-day affordability management.
Built in 1973, the property offers value-add potential through targeted renovations and system upgrades to compete more directly with younger stock. Safety signals are mixed, improving for property offenses but with a recent uptick in violent offense trends, suggesting prudent risk controls and underwriting sensitivity.
- Competitive Amarillo inner-suburban location with improving neighborhood occupancy
- Accessible rents and low local rent-to-income support retention and pricing discipline
- 1973 vintage provides clear value-add and modernization upside
- Amenity strength in dining and services helps attract and keep tenants
- Risk: mixed safety trends warrant ongoing monitoring and conservative underwriting