48-Unit Apartment
For Sale
$2,950,000
1031 N SUMNER Street, Pampa, TX 79065
MultiFamily, Pampa, TX
Property Size51,064 SF
Price / SF$57.77
Days on Market134
Property Features for 1031 N SUMNER Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
7000 - All areas in the 7000's
Directions
From Hobart turn on Somerville then left on N Sumner. Property is on your right.
Subdivision
7220 - Pampa
Standard status
Active
Size
51,064 SF
Taxes and HOA fees
Tax Description
TRACT N & PSUBURBS 167
Legal Description
TRACT N & PSUBURBS 167
Building Details
Year built
1979
Building materials
Brick Veneer
Roof type
Composition
Listing Agency:
FIMC Commercial Realty
Listed By:
Kirk Chudej · License #0604402
(806) 358-7151
Added: Apr 28
Changed: Sep 3
Last Checked: Sep 8 at 6:06PM
MLS# 26-3459
Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 48-unit apartment property in Pampa includes 51,064 square feet of improvements built in 1979. The building features brick-veneer construction and a composition roof, providing a straightforward existing multifamily configuration for continued apartment use. Current occupancy is 98%, and collections are described as consistent.
The property is located at 1031 N SUMNER Street, one block from Highway 70, with access to Highway 60. Nearby national retailers include Walmart, Tractor Supply, and Hobby Lobby. The asset’s in-place operating profile includes $369,502 in trailing twelve-month gross income and $278,047 in NOI.
The property is located at 1031 N SUMNER Street, one block from Highway 70, with access to Highway 60. Nearby national retailers include Walmart, Tractor Supply, and Hobby Lobby. The asset’s in-place operating profile includes $369,502 in trailing twelve-month gross income and $278,047 in NOI.
Key Highlights
- 48‑unit apartment property totaling 51,064 square feet
- 98% occupied with consistent collections
- Built in 1979 with brick‑veneer construction
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
98%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 79065, TX
19,750
Population
9,114
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
506.5 sq mi
ZIP Area
39
Density / Sq Mi
$55,940
Median Household Income
$35,061
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick-veneer multifamily property with 98% occupancy and access to major highways and national retailers.
Where is this apartment building located?
The property is located at 1031 N SUMNER Street Pampa, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 48‑unit apartment property totaling 51,064 square feet; 98% occupied with consistent collections; Built in 1979 with brick‑veneer construction
