| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 59th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5700 Wabash St, Amarillo, TX, 79109, US |
| Region / Metro | Amarillo |
| Year of Construction | 1982 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5700 Wabash St, Amarillo TX Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand, the surrounding neighborhood shows competitive occupancy and service access, according to WDSuite’s CRE market data. Investors evaluating this Amarillo asset can focus on renter-occupied depth at the neighborhood level alongside improving leasing fundamentals.
This inner-suburban location in Amarillo balances neighborhood conveniences with stable housing dynamics. Grocery and pharmacy access rank among the stronger concentrations in the metro (both within the top quartile among 87 neighborhoods), while restaurants are competitive among Amarillo peers. Parks and cafes are less dense, which may modestly temper lifestyle appeal but does not typically drive multifamily performance for workforce-oriented assets.
Neighborhood-level occupancy is competitive among Amarillo neighborhoods (ranked 27 of 87 and modestly above the national median by percentile), supporting lease-up and retention. The share of housing units that are renter-occupied is above the metro median (ranked 22 of 87), indicating a meaningful tenant base for multifamily product and demand resilience through cycles.
Schools in the area sit in the top quartile among 87 Amarillo neighborhoods (average rating around the higher end locally), which can aid retention for households prioritizing educational options. Average construction vintage in the neighborhood is 1979; the subject 982 construction is slightly newer than the area norm, which generally supports competitive positioning versus older stock while still warranting selective modernization for building systems over a long hold.
Demographic statistics are aggregated within a 3-mile radius. Population has been roughly stable in recent years, but households are projected to expand over the next five years with slightly smaller average household size, pointing to a larger renter pool and steadier absorption. Median household incomes are trending higher in the 3-mile area, and rent growth is forecast to continue at a measured pace, which can support occupancy stability and disciplined pricing.
Home values in the neighborhood sit below many coastal markets, and the value-to-income profile is above the national midpoint by percentile. For multifamily investors, this context suggests some competition from ownership options, but rent-to-income ratios are comparatively manageable by national standards, which can support retention and reduce affordability pressure in lease management.
Based on WDSuite 019s CRE market data, the neighborhood Ds overall safety profile compares favorably within the Amarillo metro, landing in the top quartile among 87 neighborhoods. Nationally, indicators align closer to the safer end of the spectrum, with especially strong standing on violent offense measures.
Recent trend signals are constructive: estimated violent offense rates have eased year over year, and property offense estimates show a notable decline. As always, investors should evaluate block-level patterns during diligence, but the broader neighborhood trend supports stable multifamily operations relative to regional peers.
Nearby employers provide convenient commutes that can reinforce leasing stability, led by utility and corporate offices within short driving distance.
- Xcel Energy D energy utility offices (0.3 miles)
The 50-unit property at 5700 Wabash St was built in 1982, slightly newer than the neighborhood Ds average vintage. That positioning can help the asset compete against older stock while leaving room for targeted value-add and systems modernization to enhance durability. Neighborhood occupancy is competitive among Amarillo submarkets and the renter-occupied share is above the metro median, supporting a deeper tenant base and ongoing leasing stability, according to CRE market data from WDSuite.
Within a 3-mile radius, households are projected to increase even as average household size edges lower, implying more renters entering the market over time. Coupled with manageable rent-to-income at the neighborhood level and steady access to daily-needs amenities, the setting supports retention and measured rent growth. Risks include lighter park and cafe density, stable (not surging) near-term population, and typical 1980s-vintage capital needs.
- Competitive neighborhood occupancy and above-median renter concentration support demand depth
- 1982 vintage offers relative competitiveness vs. older stock with value-add potential
- 3-mile household growth trajectory expands the tenant base and supports absorption
- Daily-needs amenities (grocery, pharmacy) in top-quartile metro access aid retention
- Risks: lighter park/cafe density, stable recent population, and 1980s systems capex