| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 59th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4301 SW 51st Ave, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1975 |
| Units | 112 |
| Transaction Date | 2005-06-01 |
| Transaction Price | $2,700,000 |
| Buyer | David Speckman |
| Seller | Wells Fargo |
4301 SW 51st Ave, Amarillo TX Multifamily Opportunity
Inner-suburban Amarillo submarket with steady renter demand and competitive neighborhood occupancy, according to WDSuite's CRE market data, positioning a 112-unit asset for consistent leasing with prudent value-add planning.
This Inner Suburb neighborhood holds an A+ rating and ranks 4th out of 87 Amarillo neighborhoods, indicating performance that is competitive among the metro’s options for workforce-oriented multifamily. Neighborhood occupancy trends sit near the national midpoint and are competitive among Amarillo neighborhoods, supporting leasing stability rather than rapid swings.
Livability is supported by everyday conveniences: grocery and pharmacy access compare well to national norms, while restaurants are present though cafes and parks are limited nearby. Average school ratings trend above national midpoints, which can aid long-term resident retention for family renters.
Construction vintage across the area skews to the late 1970s. With this property built in 1975, investors should plan for targeted capital improvements to keep finishes and systems competitive versus nearby stock, creating potential value-add upside without overextending scope.
Tenure patterns show a meaningful share of renter-occupied units in the neighborhood, indicating depth in the tenant base and demand for multifamily housing. Within a 3-mile radius, households increased over the past five years and are projected to expand further by 2028, pointing to a larger renter pool and support for occupancy durability.
For investors prioritizing disciplined underwriting, these dynamics suggest durable renter demand and manageable competitive pressures rather than speculative growth. Insights cited are based on CRE market data from WDSuite.
Neighborhood safety indicators compare favorably at the national level, with violent offense metrics placing the area in a high national percentile and showing year-over-year improvement. Property-related offenses also trend better than national midpoints and have recently declined, supporting resident peace-of-mind and lease retention without overstating block-level outcomes.
At the metro scale (87 neighborhoods), this area performs above average on safety-related measures, aligning with stable occupancy and family-leaning renter profiles. As always, investors should evaluate property-specific operations and claims histories alongside neighborhood trends.
Proximity to established energy-sector offices supports commute convenience and leasing stability for workforce renters.
- Xcel Energy — utility & energy offices (1.2 miles)
The 112-unit 1975 vintage positions as a value-add play in an A+ Inner Suburb that is competitive among Amarillo neighborhoods on occupancy and livability. According to CRE market data from WDSuite, neighborhood occupancy is steady relative to metro peers, while a growing 3-mile household base signals a larger tenant pool that can support leasing continuity. Moderate local ownership costs and manageable rent-to-income dynamics point to retention strength, though they may temper near-term pricing power—favoring operational execution and targeted renovations.
Investor upside centers on selective unit and system upgrades to differentiate versus late-1970s stock, while demand is reinforced by nearby services and employers. Key risks include older-vintage CapEx needs and limited lifestyle amenities immediately adjacent, which call for disciplined capital planning and marketing toward convenience- and value-oriented renters.
- Competitive neighborhood occupancy and A+ standing among 87 Amarillo neighborhoods support leasing stability
- 1975 vintage offers a clear value-add path via targeted interior and system upgrades
- Expanding 3-mile household counts increase the renter pool, aiding retention and lease-up
- Manageable rent-to-income dynamics support tenant durability, though may limit near-term pricing power