| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 56th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7401 Seville Dr, Amarillo, TX, 79121, US |
| Region / Metro | Amarillo |
| Year of Construction | 1996 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7401 Seville Dr Amarillo Multifamily Investment
Positioned in an inner-suburban Amarillo neighborhood with a high renter concentration, this asset offers exposure to a tenant base that supports income stability even as local occupancy varies by submarket, according to WDSuite s CRE market data.
The property sits in an Inner Suburb of Amarillo rated B+ at the neighborhood level. Neighborhood fundamentals show a high share of renter-occupied housing (measured for the neighborhood, not the property), placing the area in the top quartile among 87 Amarillo metro neighborhoods for renter concentration. That depth of tenants can support leasing velocity for well-managed units.
Within a 3-mile radius, population has expanded recently and households have grown faster than population, pointing to smaller household sizes and a gradually widening renter pool. Forward-looking projections within the same radius call for additional population and household gains, which can support occupancy stability and absorb renovated supply when positioned correctly.
Amenity access inside the immediate neighborhood is limited for daily needs like groceries, pharmacies, and parks, though restaurant density is comparatively stronger within the metro. Investors should underwrite to resident convenience expectations and highlight quick access routes for services and employment nodes to support retention.
Vintage matters here: the asset was built in 1996, while the average construction year for the neighborhood skews newer. That age differential suggests potential value-add upside through targeted renovations and systems modernization to remain competitive against newer stock, while also planning for near- to medium-term capital items.
Rent levels at the neighborhood scale remain moderate in the Amarillo context, but WDSuite s commercial real estate analysis indicates elevated rent-to-income at the neighborhood level, which calls for careful lease management and pricing discipline. Conversely, elevated home values relative to neighborhood incomes imply a high-cost ownership market locally, which tends to sustain reliance on rental housing and can support multifamily demand during lease-up and renewals.
Neighborhood safety trends show mixed signals. Nationally, the area compares favorably, landing above the median for safety against neighborhoods nationwide; at the metro level, however, its crime rank places it closer to Amarillo s higher-crime cohort (7th among 87 metro neighborhoods). Recent data also indicates year-over-year improvement in both property and violent offense measures, which is a constructive sign for long-term operations.
Investors should focus on standard property-level measures (lighting, access controls, and resident engagement) and highlight proximity to well-traveled corridors when marketing to residents seeking reassurance on personal and vehicle security.
Proximity to nearby corporate offices supports workforce housing demand and commute convenience, with access anchored by Xcel Energy within a short drive.
- Xcel Energy corporate offices (1.1 miles)
7401 Seville Dr offers a 46-unit footprint in an inner-suburban Amarillo neighborhood with a deep renter base and improving national-comparison safety trends. The neighborhood s renter-occupied share is high (a neighborhood metric), supporting demand depth, while 3-mile demographics point to ongoing population and household growth that can expand the renter pool over the medium term. According to CRE market data from WDSuite, neighborhood-level operating economics are competitive nationally, but investors should account for affordability pressures when setting rents and renewal strategies.
Built in 1996, the property is older than the neighborhood s average vintage, creating clear value-add and modernization angles to differentiate against newer stock. Underwriting should balance renovation-driven rent lift opportunities with the neighborhood s variable occupancy conditions, focusing on unit mix, finishes, and resident experience that align with local incomes and commuting patterns.
- High neighborhood renter concentration supports a deeper tenant base and leasing stability (neighborhood metric).
- 3-mile population and household growth expands the prospective renter pool and supports occupancy over time.
- 1996 vintage presents value-add potential through targeted renovations and systems updates versus newer area stock.
- National-comparison safety readings are favorable and recent offense trends have improved, aiding resident retention messaging.
- Risk: Neighborhood occupancy has been variable and rent-to-income is elevated locally, requiring disciplined pricing and renewal management.