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54-Unit Apartment Building
For Sale
$2,800,000

120 S RUSSELL Street, Pampa, TX 79065

MultiFamily, Pampa, TX

Property Size34,257 SF
Price / SF$81.74
Days on Market8

Property Features for 120 S RUSSELL Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description 7000 - All areas in the 7000's
Appliances Refrigerator, Oven
Directions On the corner of S Frost and E Foster in Pampa TX.
Subdivision 7220 - Pampa
Standard status Active
Size 34,257 SF

Taxes and HOA fees

Tax Description TR A ORIGINAL TOWNRESERVE
Legal Description TR A ORIGINAL TOWNRESERVE

Building Details

Year built 1928
Listing Agency: Pace Realty Group
Listed By: Jarec Pace · License #0652486
Added: Aug 29 Last Checked: Sep 5 at 10:06PM
MLS# 26-6934

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.

Schneider House is a 54-unit apartment property containing 34,257 square feet in Pampa, Texas. Built in 1928, the community includes refrigerator and oven appliances, and recent capital improvements have been completed. Occupancy is reported at 88%, with in-place income from the existing resident base.

The property is located at 120 S RUSSELL Street in Pampa, within Gray County. Its established construction date, apartment-unit count, appliance package, and documented occupancy provide a clear basis for evaluating the existing multifamily operation.

Key Highlights

  • 54‑unit apartment community in Pampa, Texas
  • 34,257 square feet of apartment property
  • 88% current occupancy

Property Analytics

Current Use

Schneider Suites Apartment Complex

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

54
Residential units
88%
Occupancy

Location Intelligence

Trade Area within ½ mile

624
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with documented occupancy and recent capital improvements completed.
Where is this apartment building located?
The property is located at 120 S RUSSELL Street Pampa, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 54‑unit apartment community in Pampa, Texas; 34,257 square feet of apartment property; 88% current occupancy
More about this property
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