Amarillo, TX Apartment Buildings for Sale

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14 properties

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Updated: May 14

6-Unit Apartment Building with Garages

10524 Tierra Santa Drive, Amarillo, TX 79119

$1,180,000

5,982 sqft 1.02 AC lot

6‑unit apartment property with 5,982 square feet on 1.02 acres
Each unit includes 2 bedrooms, 2 bathrooms, and a 1‑car garage
2025 construction currently listed as under construction
Granite countertops, LVP flooring, and all‑electric central air
Covered patio and private gravel‑finished yard for every unit

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Updated: Aug 29

7-Unit Tudor-Style Apartment Building

1013 SW 11TH Avenue, Amarillo, TX 79101

$490,000

Seven‑unit Tudor‑style apartment property
100% occupancy across the property
Six of seven units have been remodeled
Unit mix includes 2/1, 1/1, and studio apartments
Six car garage stalls plus additional surrounding parking

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16-Unit Residential Rental Portfolio

S Amarillo SFH Package Street, Amarillo, TX 79110

$1,900,000

Residential rental portfolio with a 1- to 4-bedroom mix and 100% occupancy across established Amarillo neighborhoods.

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20-Unit Townhome Apartment Property

4500 S Virginia Street, Amarillo, TX 79109

$2,500,000

1,039 sqft

Two-story units offer private courtyards, individual utility metering, covered parking, storage, fireplaces, and central heat and air.

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Five-Property Apartment Portfolio

North Heights Portfolio, Amarillo, TX 79107

$250,000

Occupied residential assets include established long-term tenants.

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Multifamily Value-Add Opportunity in Amarillo

4101 REPUBLIC AVE, Amarillo, TX 79109

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22,080 sqft

Class C multifamily property with income stream and upside potential.

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20-Unit Apartment Complex with Laundry

709 N Mirror St, Amarillo, TX 79107

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14,000 sqft

Five residential buildings accompany a detached commercial laundry facility under MF-1 zoning.

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20-Unit Multifamily Apartment Community

1002 SW 11th Ave, Amarillo, TX 79101

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13,623 sqft 0.39 AC lot

Carmel Apartments is a 20-unit community built in 1964 with updated units, newer HVAC units, and a recently replaced roof.

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Two-Building Apartment Property

1403 South Hughes Street, Amarillo, TX 79102

$330,000

2,785 sqft

Five residential units occupy separate buildings with individual electric and gas metering in the first building.

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Brick Four-Duplex Multifamily

1327 Evergreen St, Amarillo, TX 79107

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0.54 AC lot

Brick-built property features four duplexes totaling eight units, with 16 bedrooms and eight bathrooms.

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Cross Timbers Apartment Buildings

2601 North Grand Street, Amarillo, TX 79107

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Established multifamily property with an 1981 construction date in Amarillo.

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176-Unit Garden-Style Apartment Portfolio

1613 S Polk St, Amarillo, TX 79102

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5.00 AC lot

Eight garden-style properties offer one- and two-bedroom residences with equipped kitchens and electric ranges.

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Three-Building Apartment Community

1410 SW 9th Ave, Amarillo, TX 79101

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Renovated 33-unit, three two-story multifamily buildings with mini-split systems, on-site laundry, and storage sheds.

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72-Unit Apartment Complex

2601 Linda Cir, Amarillo, TX 79109

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72-unit apartment complex with convenient access to both Interstate 40 and Interstate 27 in Amarillo.

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Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 14 Active listings in Amarillo, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

11-Unit Apartment Building

700 S Mcgee Street, Borger, TX 79007

$500,000

Apartment property with laundry and storage areas, plus owner-paid water and gas service.

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Student Housing Near West Texas A&M

47 Valleyview Rd, Canyon, TX 79015

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40,358 sqft

Multifamily community near West Texas A&M University.

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36-Unit Townhome and Duplex Apartments

37 Adobe Trail, Borger, TX 79007

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Townhome and duplex apartments with renovated interiors and added exterior improvements.

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Five-Plex Apartment Building with Garages

11074 VERANO Drive, Canyon, TX 79015

$893,300

Under-construction five-plex in Canyon, TX with five leased two-bedroom, one-bath units, each including a 1-car garage.

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Off-Market Properties in Amarillo, TX

Consider similar Off-Market properties in Amarillo, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

1214 10th Ave, Amarillo, TX 79101-3147

$270,000

Estimated value

2,012 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1212 10th Ave, Amarillo, TX 79101-3145

$305,000

Estimated value

2,568 sqft 0.16 AC lot

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Multifamily properties

1911 Madison St, Amarillo, TX 79109

Value Estimation by Request

4,440 sqft

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Multifamily properties

601 Nelson St, Amarillo, TX 79104

Value Estimation by Request

View details

Multifamily properties

1638 12Th Ave, Amarillo, TX 79107

Value Estimation by Request

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Multifamily properties

1900-1908 12Th Ave, Amarillo, TX 79107

Value Estimation by Request

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Multifamily properties

6990 9Th Ave, Amarillo, TX 79106

Value Estimation by Request

127,340 sqft 3.23 AC lot

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Multifamily properties

1928 12Th Ave, Amarillo, TX 79107

Value Estimation by Request

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Multifamily properties

0 Bolton St, Amarillo, TX 79107

Value Estimation by Request

14.43 AC lot

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Multifamily properties

1501 9Th Ave, Amarillo, TX 79101

Value Estimation by Request

17,100 sqft

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Amarillo, TX Apartment Buildings Market Trends and Statistics

Explore 30 apartment buildings for sale in Amarillo, TX, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 59,509 square feet of properties for sale, with an estimated market value of $6,650,000.

Sale prices for two-family homes in Amarillo, TX start at $250,000, averaging $1,108,333, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 236K

Population Growth (5Y) +2.2%

Median Household Income $66,978

College Educated 14.6%

High-Yield Neighborhoods for Investment

Identify Amarillo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
79107	$250K
79102	$330K
79101	$490K
79119	$1.2M
79110	$1.9M

Taxes & Financing

Tax Rate (average for all types) 1.60%

Property Tax per SF $29.72 per SF

Tax Rate vs County Average 0.03 pp below county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Amarillo fall within the 100,000+ square foot range.

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Amarillo, TX Apartment Buildings for Sale

10524 Tierra Santa Drive, Amarillo, TX 79119

1013 SW 11TH Avenue, Amarillo, TX 79101

S Amarillo SFH Package Street, Amarillo, TX 79110

4500 S Virginia Street, Amarillo, TX 79109

North Heights Portfolio, Amarillo, TX 79107

4101 REPUBLIC AVE, Amarillo, TX 79109

709 N Mirror St, Amarillo, TX 79107

1002 SW 11th Ave, Amarillo, TX 79101

1403 South Hughes Street, Amarillo, TX 79102

1327 Evergreen St, Amarillo, TX 79107

2601 North Grand Street, Amarillo, TX 79107

1613 S Polk St, Amarillo, TX 79102

1410 SW 9th Ave, Amarillo, TX 79101

2601 Linda Cir, Amarillo, TX 79109

Opportunities in Nearby Cities

700 S Mcgee Street, Borger, TX 79007

47 Valleyview Rd, Canyon, TX 79015

37 Adobe Trail, Borger, TX 79007

11074 VERANO Drive, Canyon, TX 79015

Off-Market Properties in Amarillo, TX

1214 10th Ave, Amarillo, TX 79101-3147

1212 10th Ave, Amarillo, TX 79101-3145

1911 Madison St, Amarillo, TX 79109

601 Nelson St, Amarillo, TX 79104

1638 12Th Ave, Amarillo, TX 79107

1900-1908 12Th Ave, Amarillo, TX 79107

6990 9Th Ave, Amarillo, TX 79106

1928 12Th Ave, Amarillo, TX 79107

0 Bolton St, Amarillo, TX 79107

1501 9Th Ave, Amarillo, TX 79101

Amarillo, TX Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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