Courtyard Apartment Building with 48
For Sale
$2,950,000
1031 N SUMNER Street, Pampa, TX 79065
MULTI_FAMILY - Pampa, TX
Property Size51,064 SF
Price / SF$57.77
Days on Market118
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
(806) 358-7151
Listed By:
Kirk Chudej · License #604402
(806) 358-7151
Added: Apr 28
Last Checked: Aug 23 at 4:06AM
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.
The Courtyard Apartments is a 48-unit multifamily property offering apartment-style living within a courtyard configuration. The offering is currently 98% occupied, with trailing-twelve-month performance reported at $369,502 in gross income and $278,047 in NOI.
The property is located at 1031 N Sumner Street in Pampa, Texas, approximately one block off Highway 70. Access to Highway 60 is described as easy, and the surrounding area includes nearby national retailers such as Walmart, Tractor Supply, and Hobby Lobby.
This is a for-sale multifamily investment focused on in-place operations, with income and NOI presented on a trailing-twelve-month basis.
The property is located at 1031 N Sumner Street in Pampa, Texas, approximately one block off Highway 70. Access to Highway 60 is described as easy, and the surrounding area includes nearby national retailers such as Walmart, Tractor Supply, and Hobby Lobby.
This is a for-sale multifamily investment focused on in-place operations, with income and NOI presented on a trailing-twelve-month basis.
Key Highlights
- 48‑unit multifamily property in Pampa, TX, located one block off Highway 70
- 98% occupied with consistent collections and a strong tenant base
- Trailing twelve‑month performance of $369,502 gross income and $278,047 in NOI
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
98%
Occupancy
Multi-tenant
Tenancy
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 - 48-unit courtyard apartment with 98% occupancy and $369,502 trailing-twelve-month gross income.
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 multifamily property in Pampa, TX, located one block off Highway 70; 98% occupied with consistent collections and a strong tenant base; Trailing twelve‑month performance of $369,502 gross income and $278,047 in NOI
