| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 81st | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7550 Hillside Rd, Amarillo, TX, 79119, US |
| Region / Metro | Amarillo |
| Year of Construction | 2007 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7550 Hillside Rd Amarillo Multifamily Investment Overview
Positioned in a top-rated Amarillo suburban neighborhood, this 84-unit 2007-vintage asset benefits from stable occupancy and an affluent renter base, according to WDSuite’s CRE market data. The area’s high-cost ownership market supports renter reliance while offering potential value-add upside versus newer nearby stock.
Neighborhood fundamentals are strong for multifamily. The immediate area is ranked first among 87 Amarillo neighborhoods with an A+ neighborhood rating, reflecting balanced housing, income, and amenity metrics. Occupancy in the neighborhood is competitive among Amarillo neighborhoods, and household incomes sit in the upper tiers nationally, supporting dependable rent collections and retention.
Local amenity access is broad for a suburban setting. Grocery, restaurants, parks, and pharmacies trend above national averages by percentile, and cafes and childcare density are similarly strong. Average school ratings are around the national middle-to-upper range, which can help sustain family-oriented rental demand without being the sole draw for tenants.
Ownership costs in the neighborhood are elevated relative to many markets nationally, which tends to reinforce rental demand and pricing power for well-managed assets. Rent-to-income levels in the area suggest limited affordability pressure for typical renters, creating flexibility for targeted renovations or strategic rent setting rather than near-term concessions.
Demographics aggregated within a 3-mile radius indicate recent population and household growth, with forecasts pointing to further increases and a gradual reduction in household size. For investors, that trajectory implies a larger tenant base and steady absorption potential for professionally operated multifamily properties.
Vintage context: the property’s 2007 construction is older than the neighborhood’s newer-average building stock. That gap can create a practical value-add path—cosmetic upgrades and selective system refreshes—to sharpen competitive positioning against newer deliveries while managing capital planning.
Safety metrics compare favorably in a broader context. The neighborhood sits above the national middle on composite crime measures, and violent offense levels benchmark around the top quartile nationally, with recent year-over-year improvement. These trends align with stable, higher-income suburban dynamics seen in similar markets.
Within the Amarillo metro, recent indicators point to steady conditions rather than pronounced volatility. While no single metric should be viewed in isolation, the combination of stronger national percentiles and improving violent-offense trends supports leasing stability and resident retention for well-run communities.
Proximate employment supports commute convenience and leasing durability, with utility and corporate office roles nearby that align with steady, year-round renter demand. The list below highlights the nearest notable employer to the property.
- Xcel Energy — utility corporate offices (1.3 miles)
This 2007-vintage, 84-unit property sits in Amarillo’s top-ranked suburban neighborhood, where incomes are high and neighborhood occupancy is competitive among metro peers. Elevated home values reinforce renter reliance on multifamily, and rent-to-income ratios indicate room for measured rent growth as units are improved. Based on commercial real estate analysis from WDSuite, the submarket’s amenity depth and stable safety trends further support resident retention and steady leasing.
Relative to the neighborhood’s newer-average stock, this asset presents a clear value-add angle through targeted interior and curb appeal upgrades to close the competitiveness gap with recent deliveries. Demographic trends within a 3-mile radius point to continued household growth and a slightly smaller average household size, which can expand the renter pool and support occupancy stability.
- Top-ranked Amarillo neighborhood with competitive occupancy and strong incomes supporting durable rent collections
- Elevated ownership costs in the area reinforce multifamily demand and pricing power for quality renovations
- 2007 vintage offers actionable value-add via interior updates and select system refreshes versus newer nearby stock
- 3-mile demographics indicate ongoing population and household growth, supporting renter pool expansion and occupancy stability
- Risk: modest renter-occupied share locally may narrow the immediate tenant pool; execution should focus on differentiated finishes and amenity appeal