48-Unit Apartment
New
For Sale
$2,950,000
1031 N Sumner Street, Pampa, TX 79065
Multifamily property near national retailers with access to Highways 70 and 60.
Property Size51,064 SF
Price / SF$57.77
Days on Market3
Property Features for 1031 N Sumner Street
General Information
Standard status
Active
Size
51,064 SF
Property subtype
Commercial
Occupancy
98%
Net Operating Income
$278,047
Additional Details
Gross Income
$369,502
Highway Access
Yes
Multifamily Units
48
Building Details
Year Built
1979
Listing Agency:
FIMC Commercial Realty
(806) 358-7151
Listed By:
Kirk Chudej · License #604402
Source:
Shopamarillohomes
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 5:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIMC Commercial Realty
Investment Insights
Based on property information with market context.
The property is a 48-unit apartment building containing 51,064 square feet and constructed in 1979. The multifamily asset is currently 98% occupied, providing an established residential configuration for prospective buyers.
Located at 1031 N Sumner Street in Pampa, Texas, the property sits one block from Highway 70 and offers access to Highway 60. Nearby national retailers include Walmart, Tractor Supply, and Hobby Lobby. The combination of unit count, existing occupancy, and proximity to major roads and retail destinations defines the property’s current operating profile.
Located at 1031 N Sumner Street in Pampa, Texas, the property sits one block from Highway 70 and offers access to Highway 60. Nearby national retailers include Walmart, Tractor Supply, and Hobby Lobby. The combination of unit count, existing occupancy, and proximity to major roads and retail destinations defines the property’s current operating profile.
Key Highlights
- 48‑unit apartment property
- 51,064‑square‑foot multifamily building
- Built in 1979
Property Analytics
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 - Multifamily property near national retailers with access to Highways 70 and 60.
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; 51,064‑square‑foot multifamily building; Built in 1979
