| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 59th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4707 Bell St, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1985 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4707 Bell St Amarillo Multifamily Investment Opportunity
Stabilized renter demand in an A+ inner-suburb pocket, with neighborhood occupancy holding above metro medians and balanced by a moderate rent-to-income profile, according to WDSuites CRE market data.
Located in an A+ rated, Inner Suburb setting within Amarillo, the neighborhood ranks 4th out of 87 metro neighborhoods, indicating competitive positioning among Amarillo submarkets for multifamily. Occupancy in the neighborhood sits around the low-90s with positive momentum over the last five years, supporting lease stability and limiting downtime relative to weaker submarkets.
Local amenity access is serviceable for daily needs: grocery and pharmacy density track above national averages, while restaurants are competitive versus peers. Parks and cafes are thinner nearby, a consideration for lifestyle-sensitive tenants, but this trade-off is offset by convenient retail and services that underpin day-to-day livability.
Schools average roughly mid-to-upper performance (about 3.5 out of 5, top quartile nationally), which can aid family renter retention. The average household size trends slightly higher than the national midpoint, and degree attainment is modestly above national norms, signaling a diverse renter base across household types and incomes.
For investors, ownership costs in the area are elevated enough to sustain reliance on rental options, while rent levels remain manageable relative to incomes. The neighborhoods renter-occupied share is around two-fifths of housing units, indicating a meaningful tenant pool without over-concentration. Vintage for the property (1985) is modestly newer than the neighborhoods late-1970s average, suggesting relative competitiveness versus older stock, while still warranting planning for system modernization and selective value-add.
Within a 3-mile radius, recent population has been roughly stable as households edged higher, and forecasts show an increase in households over the next five years. That combination typically expands the tenant base and supports occupancy stability and leasing velocity, particularly for well-maintained mid-1980s assets.
Safety trends compare favorably at the neighborhood level. Violent-offense safety performs in the top decile nationally, and recent estimates indicate a further year-over-year improvement. Property-offense measures sit above national averages with a notable recent decline, pointing to improving conditions. Relative to the Amarillo metro, the area is competitive on safety, which can aid resident retention and reduce turnover risk.
As always, safety varies by micro-location and over time. Investors should review current, block-level readings and on-the-ground conditions during due diligence to validate trend consistency.
Proximity to established employers supports a steady renter base and commute convenience for workforce residents. Notable nearby employer:
- Xcel Energy electricity & utilities operations (0.2 miles)
4707 Bell St is a 97-unit, mid-1980s multifamily asset positioned in a top-ranked Amarillo neighborhood where occupancy has trended upward and sits solidly in the low-90s. The propertys 1985 vintage is slightly newer than the neighborhood average, offering competitive positioning against older inventory while leaving room for targeted renovations and system upgrades. According to commercial real estate analysis from WDSuite, neighborhood rent levels remain manageable relative to incomes, and ownership costs are high enough to reinforce multifamily reliancesupportive for lease retention and pricing discipline.
Within a 3-mile radius, households have increased and are projected to rise further, expanding the tenant base. Amenity coverage is practical for daily living (grocery, pharmacy, restaurants), and school ratings trend above national norms, bolstering family renter appeal. Key risks include thinner park/cafe access that may matter to certain cohorts and the usual capital planning considerations for 1980s construction.
- Competitive A+ Inner Suburb with occupancy in the low-90s and positive five-year momentum
- 1985 vintage offers relative competitiveness vs. older stock with value-add/modernization potential
- Rents manageable relative to incomes; ownership costs reinforce renter reliance and leasing stability
- 3-mile household growth outlook supports a larger tenant base and occupancy stability
- Risks: lighter park/cafe access and typical capex needs for mid-1980s systems