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    Amarillo, TX
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    Amarillo, TX Apartment Buildings for Sale

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    6 properties
    Multifamily Value-Add Opportunity in Amarillo
    Updated: May 19
    Multifamily Value-Add Opportunity in Amarillo

    4101 REPUBLIC AVE, Amarillo, TX 79109

    $2,700,000
    22,080 sqft
    Value‑add opportunity with stable in‑place income.
    Functional unit mix and efficient layout supporting consistent occupancy.
    Located in Amarillo, the fastest‑growing midsize city in the U.S.
    Strong job creation and economic diversification in key industries.
    Significant downtown revitalization with new residential, hotel, and mixed‑use developments.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4101 REPUBLIC AVE, AMARILLO, TX 79109

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $146K
      Annual

    • Price @ 7% Cap

      $2.09M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1977
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    Apartment Building with 55 Units
    Updated: Jun 10
    Apartment Building with 55 Units

    3020 SW 27th Avenue, Amarillo, TX 79109

    $3,550,000
    9,600 sqft
    Immediate upside potential with below‑market rents.
    Prime SW Amarillo location near major amenities.
    55‑unit multifamily property with a mix of 1‑bed/1‑bath and 2‑bed/1‑bath units.
    Amarillo's strong economic outlook.
    Recent upgrades demonstrate potential for rent growth.
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    New 6-Plex Investment Opportunity
    New 6-Plex Investment Opportunity

    10524 Tierra Santa Drive, Amarillo, TX 79119

    $1,180,000
    5,982 sqft 1.02 AC lot

    Newly constructed 6-plex with modern amenities, ready for income generation.

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    16-Unit Residential Rental Portfolio
    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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multifamily Portfolio in Amarillo, Texas
    Multifamily Portfolio in Amarillo, Texas

    402 South Rusk Street, Amarillo, TX 79106

    $1,600,000
    672 sqft

    Portfolio of 15 properties in Amarillo, Texas for sale.

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    Apartment Development Near Texas Tech
    Apartment Development Near Texas Tech

    6990 SW 9th Ave, Amarillo, TX 79106

    $25,000,000
    127,340 sqft

    Ready-to-build 105-unit apartment complex near medical district.

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    Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 6 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Seven Residential Units in Dumas
    Seven Residential Units in Dumas

    1107 2nd, Dumas, TX 79029

    $540,000
    982 sqft

    Seven rental units available in the Texas Panhandle.

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    Dumas Multifamily Investment Opportunity
    Dumas Multifamily Investment Opportunity

    Dumas SFH Bundle, Dumas, TX 79029

    $540,000
    982 sqft

    Seven-unit residential income property in Dumas, Texas, for sale.

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    New Construction 5-Plex Investment
    New Construction 5-Plex Investment

    11074 VERANO Drive, Canyon, TX 79015

    $893,300

    New 5-plex in Canyon, TX, fully leased.

    View details
    Student Housing Near West Texas A&M
    Student Housing Near West Texas A&M

    47 Valleyview Rd, Canyon, TX 79015

    Contact for pricing
    40,358 sqft

    Multifamily community near West Texas A&M University.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details

    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.

    1214 10th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1214 10th Ave, Amarillo, TX 79101-3147

    Value Estimation by Request
    2,012 sqft 0.20 AC lot
    View details
    1212 10th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1212 10th Ave, Amarillo, TX 79101-3145

    Value Estimation by Request
    2,568 sqft 0.16 AC lot
    View details
    1911 Madison St
    Multifamily properties

    1911 Madison St, Amarillo, TX 79109

    Value Estimation by Request
    4,440 sqft
    View details
    601 Nelson St
    Multifamily properties

    601 Nelson St, Amarillo, TX 79104

    Value Estimation by Request
    View details
    1638 12Th Ave
    Multifamily properties

    1638 12Th Ave, Amarillo, TX 79107

    Value Estimation by Request
    View details
    1900-1908 12Th Ave
    Multifamily properties

    1900-1908 12Th Ave, Amarillo, TX 79107

    Value Estimation by Request
    View details
    6990 9Th Ave
    Multifamily properties

    6990 9Th Ave, Amarillo, TX 79106

    Value Estimation by Request
    127,340 sqft 3.23 AC lot
    View details
    1928 12Th Ave
    Multifamily properties

    1928 12Th Ave, Amarillo, TX 79107

    Value Estimation by Request
    View details
    Bolton St
    Multifamily properties

    0 Bolton St, Amarillo, TX 79107

    Value Estimation by Request
    14.43 AC lot
    View details
    1501 9Th Ave
    Multifamily properties

    1501 9Th Ave, Amarillo, TX 79101

    Value Estimation by Request
    17,100 sqft
    View details
    SEC Rusk St
    Multifamily properties

    SEC Rusk St, Amarillo, TX 79107

    Value Estimation by Request
    10.00 AC lot
    View details
    203 15Th Ave
    Multifamily properties

    203 15Th Ave, Amarillo, TX 79107

    Value Estimation by Request
    View details
    4300 Prairie Ave
    Multifamily properties

    4300 Prairie Ave, Amarillo, TX 79109

    Value Estimation by Request
    24,000 sqft
    View details
    2415 Coulter St
    Multifamily properties

    2415 Coulter St, Amarillo, TX 79121

    Value Estimation by Request
    View details
    1613 Polk St
    Multifamily properties

    1613 Polk St, Amarillo, TX 79102

    Value Estimation by Request
    111,765 sqft
    View details
    1401 Van Buren St
    APARTMENT HOUSE (5+ UNITS)

    1401 Van Buren St, Amarillo, TX 79101-4157

    $2,565,000
    Estimated value
    46,477 sqft 0.52 AC lot
    View details

    Amarillo, TX Apartment Buildings Market Trends and Statistics

    Explore 22 apartment buildings for sale in Amarillo, TX, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 165,674 square feet of properties for sale, with an estimated market value of $34,030,000.

    Sale prices for two-family homes in Amarillo, TX start at $1,180,000, averaging $6,806,000, and reaching up to $25,000,000 — 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
    79119 $1.2M
    79110 $1.9M
    79106 $2.1M
    79109 $3.1M

    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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    Most Searched ZIP Codes in Amarillo, TX

    • 79106
    • 79109
    • 79110
    • 79119

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