| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 50th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22 Uh, Canyon, TX, 79015, US |
| Region / Metro | Canyon |
| Year of Construction | 1977 |
| Units | 50 |
| Transaction Date | 2016-08-24 |
| Transaction Price | $1,250,000 |
| Buyer | CAMBRIDGE HOUSE LLC |
| Seller | FURMAN FAMILY PARTNERSHIP LLP |
22 Uh, Canyon TX Multifamily Investment Thesis
Neighborhood fundamentals point to steady renter demand and competitive occupancy relative to the Amarillo metro, according to WDSuite’s CRE market data. With a 1977 vintage and a 50‑unit scale, this asset positions as a practical value‑add play in an Inner Suburb setting.
The property sits in an Inner Suburb neighborhood of the Amarillo, TX metro that rates competitively among 87 metro neighborhoods (overall neighborhood rank 9 of 87, rating: A). Neighborhood occupancy is competitive among Amarillo neighborhoods (rank 30 of 87), supporting leasing stability for multifamily assets. Rents in the area skew below national medians (36th percentile nationally), which can help sustain demand depth and retention without overextending affordability.
Amenity access is mixed but serviceable for workforce renters: restaurants and grocery/pharmacy access trend in the upper national percentiles (around the mid‑80s), while parks and cafes are limited. For investors, this mix often translates to daily‑needs convenience that supports resident satisfaction, even if destination amenities are thinner.
Unit tenure patterns favor rentals: the neighborhood shows a high share of housing units that are renter‑occupied (96th percentile nationally). For multifamily investors, a higher renter concentration typically signals a deeper and more reliable tenant base, which can underpin occupancy and leasing velocity.
Within a 3‑mile radius, population has expanded recently and is projected to continue growing, with households expected to increase further even as average household size trends lower. This combination points to a larger renter pool and incremental demand for rental units, supporting occupancy stability and measured pricing power over time. These dynamics are based on commercial real estate analysis from WDSuite’s datasets.
Safety indicators for the neighborhood are mixed relative to the region and nation. The neighborhood’s crime rank positions it below the metro median (rank 72 out of 87 neighborhoods in the Amarillo metro) and below the national middle (36th percentile nationally). Investors should underwrite with prudent operating assumptions and emphasize onsite management practices that support resident safety and asset preservation.
Recent estimates indicate year‑over‑year increases in both property and violent offense rates at the neighborhood level. While such swings can be volatile on smaller geographies, it’s appropriate to monitor trends and collaborate with local stakeholders. Framing risk comparatively rather than block‑by‑block remains the most reliable approach for underwriting.
Regional employment access is anchored by utilities and related corporate offices within a commutable radius, supporting workforce housing demand and resident retention aligned with proximity to jobs.
- Xcel Energy — utilities (12.0 miles)
This 1977, 50‑unit property aligns with a value‑add thesis: slightly older than the neighborhood’s average vintage, it may benefit from targeted renovations and systems updates to enhance competitiveness versus newer stock. Neighborhood metrics are investor‑friendly: a renter‑occupied housing share in the high national percentiles indicates depth of tenant demand, while occupancy is competitive among Amarillo neighborhoods. Daily‑needs amenities are strong, and projected growth in households within 3 miles suggests ongoing renter pool expansion—factors that can support occupancy stability and disciplined rent management.
Ownership costs in the broader area are relatively accessible compared with high‑cost coastal markets, which can introduce some competition with ownership; however, rent levels and a moderate rent‑to‑income profile support lease retention. According to CRE market data from WDSuite, neighborhood rents sit below national medians and occupancy trends remain solid for the metro, reinforcing the case for durable cash flow with operational focus.
- Competitive neighborhood standing in the Amarillo metro with renter‑friendly fundamentals supporting demand depth
- Value‑add potential from 1977 vintage via unit/interior upgrades and system improvements
- Daily‑needs amenities (grocery/pharmacy/restaurants) reinforce leasing and resident satisfaction
- 3‑mile household growth and smaller household sizes point to a larger renter pool over time
- Risk: Neighborhood crime trends warrant conservative underwriting and active property management