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20-Unit Multifamily Apartment Community
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1002 SW 11th Ave, Amarillo, TX 79101

Carmel Apartments is a 20-unit community built in 1964 with updated units, newer HVAC units, and a recently replaced roof.

Property Size13,623 SF
Lot Size0.39 Acres
Days on Market125

Property Features for 1002 SW 11th Ave

General Information

Standard status Active
Size 13,623 SF
Lot size 0.39 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 20

Building Details

Year Built 1964
Tenancy Multi
Listing Agency: Cathy Bourke
Listed By: Cathy Bourke · License #757286
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 5:48AM

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 Cathy Bourke

Investment Insights

Based on property information with market context.

Carmel Apartments is a 20-unit multifamily apartment community built in 1964 on a 0.39-acre site. Unit mix includes 1–2 bedroom layouts, along with 1-bedroom and efficiency units. Reported interiors feature an open concept design with carpet in bedrooms and tile flooring throughout. The kitchens include ample storage and islands providing additional counter and prep space. The property notes 10 updated units, with 90% of HVAC units installed new in spring 2022, and a roof replacement completed in spring 2022.

The community is located in Potter County, Amarillo, Texas, just off Washington Street, and is described as being 2.2 miles from Route 66.

As presented, Carmel Apartments offers a diversified unit configuration across one-bedroom, efficiency, and 1–2 bedroom offerings within a single apartment building.

Key Highlights

  • 20‑unit multifamily community in Potter County, Amarillo, TX
  • Built in 1964 on 0.39 acres just off Washington Street
  • Unit mix: four efficiencies (457 SF), fifteen 1BRs (733 SF), and one‑to‑two bedroom units (800 SF)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic Bakery Nail Salon

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

20
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

916
Businesses Nearby

Demographics for 79101, TX

2,307
Population
1,309
Households
1.8
Avg Household Size
51
Median Age
15%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
1,442
Density / Sq Mi
$40,313
Median Household Income
$36,409
Median Earnings
$898
Median Rent
$152,300
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 - Carmel Apartments is a 20-unit community built in 1964 with updated units, newer HVAC units, and a recently replaced roof.
Where is this apartment building located?
The property is located at 1002 SW 11th Ave Amarillo, TX.
What are key features of this property?
This property features: 20‑unit multifamily community in Potter County, Amarillo, TX; Built in 1964 on 0.39 acres just off Washington Street; Unit mix: four efficiencies (457 SF), fifteen 1BRs (733 SF), and one‑to‑two bedroom units (800 SF)
More about this property
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