Apartment Building with 55
For Sale
$3,550,000
3020 SW 27th Avenue, Amarillo, TX 79109
MULTI_FAMILY - Amarillo, TX
Property Size9,600 SF
Price / SF$369.79
Days on Market75
Property Features for 3020 SW 27th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
0200 - SW Amarillo in City Limits
Exterior features
Balcony
Appliances
Refrigerator, Range, Disposal, Dishwasher, Cooktop
Directions
From Paramount turn East on SW 26th then Souht on Patterson property is on your left.
Subdivision
0202 - Lawrence Park
Standard status
Active
APN
213915
Size
9,600 SF
Taxes and HOA fees
Tax Description
LAWRENCE PARK ADDN # 6, BLK 0025, 5 EXC N 35FT PLUS ALL OF 6 AND 7
Legal Description
LAWRENCE PARK ADDN # 6, BLK 0025, 5 EXC N 35FT PLUS ALL OF 6 AND 7
Utilities
Cooling system
Central Air
Building Details
Year built
1974
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: Jun 10
Last Checked: Aug 23 at 11:06AM
MLS# 26-1518
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.
Patterson Place Apartments is a 55-unit multifamily property built in 1974, offering a mix of 1-bedroom/1-bath and 2-bedroom/1-bath units. The property includes recent upgrades, which may support continued improvements to the resident experience. It is being offered for sale as an income-producing apartment building.
The property is located in SW Amarillo, Texas, at 3020 SW 27th Avenue. Public remarks note proximity to major shopping, grocery stores, and restaurants, placing daily conveniences within the surrounding area.
For buyers and operators seeking a stabilized apartment building with an established unit mix, Patterson Place Apartments provides straightforward residential income housing in a 55-unit configuration. The listing highlights value-add considerations tied to the property’s recent upgrades and the potential to adjust rents over time, subject to applicable market conditions and regulatory requirements. Please rely on due diligence to confirm unit status, upgrade scope, and current operating details prior to forming an investment or ownership plan.
The property is located in SW Amarillo, Texas, at 3020 SW 27th Avenue. Public remarks note proximity to major shopping, grocery stores, and restaurants, placing daily conveniences within the surrounding area.
For buyers and operators seeking a stabilized apartment building with an established unit mix, Patterson Place Apartments provides straightforward residential income housing in a 55-unit configuration. The listing highlights value-add considerations tied to the property’s recent upgrades and the potential to adjust rents over time, subject to applicable market conditions and regulatory requirements. Please rely on due diligence to confirm unit status, upgrade scope, and current operating details prior to forming an investment or ownership plan.
Key Highlights
- Immediate upside potential with below‑market rents.
- Prime SW Amarillo location near major amenities.
- 55‑unit multifamily property with a mix of 1‑bed/1‑bath and 2‑bed/1‑bath units.
Property Analytics
Property Profile
Current Use
Lease Details
55
Residential units
Location Intelligence
Trade Area within ½ mile
1,428
Businesses Nearby
Explore this area
Business Placement
Demographics for 79109, TX
42,509
Population
20,308
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
4,127
Density / Sq Mi
$68,579
Median Household Income
$41,410
Median Earnings
$945
Median Rent
$217,600
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 - 55-unit multifamily property in SW Amarillo with a mix of 1-bedroom and 2-bedroom units built in 1974.
Where is this apartment building located?
The property is located at 3020 SW 27th Avenue Amarillo, TX.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Immediate upside potential with below‑market rents.; Prime SW Amarillo location near major amenities.; 55‑unit multifamily property with a mix of 1‑bed/1‑bath and 2‑bed/1‑bath units.
