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    601 S Nelson St Amarillo, TX 79104

    For Sale
    $2,995,000

    MULTI_FAMILY - Amarillo, TX

    Days on Market:
    159
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 601 S Nelson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1977

    FIMC Commercial Realty (806) 358-7151

    Listing agent Kirk Chudej

    Listing date Jul 1, 2025

    MLS# 25-5926 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 units that have been updated with cabinets, countertops, flooring, fixtures, paint, toilets, and new blinds. A new roof was installed in 2022. Additional capital improvements since 2022 include HVAC replacement, windows, appliances, and plumbing, totaling more than $743,000. The property is located in Potter County. A new owner has the option to implement RUBS on gas, water, trash, and sewer to increase the NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nelson Street Apartments Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.805532
    Latitude
    35.204028

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with recent capital improvements and updated units.
    Where is this apartment building located?
    The property is located at 601 S Nelson St Amarillo, TX.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - Significant capital improvements: Over $743,000 invested since 2022, including a new roof.; - Updated Units: Almost all units feature updated cabinets, countertops, flooring, fixtures, paint, toilets, and blinds.; - Opportunity to increase NOI: Implement RUBS (Ratio Utility Billing System) for gas, water, trash, and sewer.
    (806) 358-7151
    Request Owner's contact information
    601 S Nelson St Amarillo, TX 79104
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    Amarillo, TX 79104
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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
    601 S Nelson St Amarillo, TX 79104
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