Newly Constructed Six-Unit Apartment
For Sale
$1,180,000
10524 Tierra Santa Drive, Amarillo, TX 79119
MULTI_FAMILY - Amarillo, TX
Property Size5,982 SF
Lot Size1.02 Acres
Price / SF$197.26
Days on Market184
Property Features for 10524 Tierra Santa Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning description
2000 - SW of Amarillo City Limits
Bedrooms
12
Full bathrooms
12
Rooms
Bedroom 3, Bathroom 8, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 9, Bedroom 6, Bathroom 7, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 9, Bathroom 5, Bathroom 11, Bedroom 7, Bedroom 8, Bedroom 12, Bathroom 2, Bedroom 11, Bedroom 10, Bathroom 12, Bathroom 10
Appliances
Refrigerator, Range, Microwave, Disposal, Dishwasher
Directions
VFW Rd to FM 2590. West on FM 2590 to Helium. South on Helium to Tierra Santa Dr.
Subdivision
2162 - Strawberry Fields
Standard status
Active
APN
312976
Size
5,982 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
Lot 011, Blk 0005 Tierra Santa #3
Legal Description
Lot 011, Blk 0005 Tierra Santa #3
Utilities
Cooling system
Central Air, Electric
Amenities
covered back patio
private yard
Building Details
Year built
2025
Number of units
6
Building materials
Brick Veneer
Roof type
Composition
Listing Agency:
Keller Williams Realty Amarillo
(806) 359-4000
Listed By:
The Connie Taylor Group
(806) 359-4000
Added: Feb 1
Changed: Aug 1
Last Checked: Aug 4 at 6:06PM
MLS# 26-36
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 newly constructed six-unit apartment building is set up as a 6-plex with six identical layouts. Each unit includes two bedrooms, two bathrooms, and a one-car garage. The design features open-concept living with an all-electric system, central air, and a covered back patio that opens to a private yard finished with gravel. Interiors include fully equipped kitchens with a refrigerator, range, microwave, disposal, dishwasher, and granite countertops, along with durable luxury vinyl plank flooring throughout. Exterior materials include brick veneer, and the roof is composition.
The property sits on 1.02 acres and has a total size of 5,982 square feet. The front yard includes grass and a sprinkler system. Construction status is listed as under construction with a year built of 2025.
Units are complemented by appliance packages and outdoor space intended to support both day-to-day living and low-maintenance use.
The property sits on 1.02 acres and has a total size of 5,982 square feet. The front yard includes grass and a sprinkler system. Construction status is listed as under construction with a year built of 2025.
Units are complemented by appliance packages and outdoor space intended to support both day-to-day living and low-maintenance use.
Key Highlights
- 1.02 acres with 5,982 SF total building size
- Six identical units; each offers 2 bedrooms, 2 bathrooms, and a 1‑car garage
- All‑electric building with central air (electric)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.1k | $12.72 |
| − Vacancy | −$4.0k | −$0.66 |
| EGI | $72.1k | $12.06 |
| − OpEx | −$32.5k | −$5.43 |
| NOI | $39.7k | $6.63 |
5,982 SF · lease $12.72/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,491 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
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 - All-electric six-plex under construction with central air, brick veneer exterior, and covered back patios for each unit.
Where is this apartment building located?
The property is located at 10524 Tierra Santa Drive Amarillo, TX.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 1.02 acres with 5,982 SF total building size; Six identical units; each offers 2 bedrooms, 2 bathrooms, and a 1‑car garage; All‑electric building with central air (electric)
