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    1501 SW 9Th Ave Amarillo, TX 79101

    For Sale
    $1,975,000

    MULTI_FAMILY - Amarillo, TX

    Days on Market:
    160
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 1501 SW 9Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1963

    FIMC Commercial Realty (806) 358-7151

    Listing agent Kirk Chudej

    Listing date Jul 1, 2025

    MLS# 25-5927 Listing URL

    Copyright © 2025 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.

    Overview

    Updated Multifamily Property in Amarillo

    This multifamily property in Amarillo, Texas, features 33 units, all of which have been updated. Updates include appliances, countertops, flooring, fixtures, paint, toilets, and doors. A new roof was installed in 2021. Additional capital improvements since 2021 include HVAC replacement, water heaters, and upgrades to the electrical and plumbing systems. Total capital improvements since 2021 exceed $645,000. The property is located in Potter County, with the postal code 79101. There is potential for a new owner to implement RUBS (Ratio Utility Billing System) for gas, water, trash, and sewer to potentially increase the Net Operating Income.
    Location Intelligence

    Current Use by Public Records

    Broadstone Apartments in Amarillo Apartment Complex Board apts Apartment Complex

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Law Firm Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.854988
    Latitude
    35.205734

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    FAQs

    What type of property is this?
    Apartment building - 33-unit Amarillo property with recent capital improvements.
    Where is this apartment building located?
    The property is located at 1501 SW 9Th Ave Amarillo, TX.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: - Extensive recent capital improvements totaling over $645,000 since 2021.; - All 33 units have been **fully updated** with new appliances, countertops, flooring, fixtures, paint, toilets, and doors.; - New roof installed in 2021.
    (806) 358-7151
    Request Owner's contact information
    1501 SW 9Th Ave Amarillo, TX 79101
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    Amarillo, TX 79101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 SW 9Th Ave Amarillo, TX 79101
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