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Apartment Building with 55 Units

3020 SW 27th Avenue, Amarillo, TX 79109

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For Sale

$3,550,000

MULTI_FAMILY - Amarillo, TX

Property size:

9,600 SF

Price / SF:

$369/SF

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.
Amarillo's strong economic outlook.
Recent upgrades demonstrate potential for rent growth.
Balcony included as an exterior feature.

We can help!

Contact an agent

Kirk Chudej

For Sale

$3,550,000

MULTI_FAMILY - Amarillo, TX

Property size:

9,600 SF

Price / SF:

$369/SF

Added:: Jun 10, 2026
Days on Market:: 28
Last Refresh:: Jul 7 at 1:06 pm

Property Features for 3020 SW 27th Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Exterior features: Balcony
Appliances: Refrigerator, Range, Disposal, Dishwasher, Cooktop
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

Utilities

Cooling system: Central Air

Building Details

Year built: 1974
Building materials: Brick Veneer
Roof type: Composition

We can help!

Contact an agent

Kirk Chudej

Listing agent Kirk Chudej License #604402

Listing office FIMC Commercial Realty 1619 S Tyler, AMARILLO, TX

Listing date Jun 10, 2026

MLS# 26-1518 Listing URL

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.

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.
Amarillo's strong economic outlook.
Recent upgrades demonstrate potential for rent growth.
Balcony included as an exterior feature.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

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Location Insight

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Local Demand

City: Amarillo
County: Randall
State: Texas
Longitude: -101.871538
Latitude: 35.18449

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For sale
Apartment buildings
TX
Amarillo
79109
3020 SW 27th Avenue

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.

3020 SW 27th Avenue, Amarillo, TX 79109

MULTI_FAMILY - Amarillo, TX

Property Features for 3020 SW 27th Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Warehouse with Overhead Doors

Modern Office Building

Commercial Property in Southwest Amarillo

Former Foster Care Facility

Established Auto Repair Business

Multi-Bay Automotive Flex Building

Downtown Flex Retail Building

I-40 Frontage Flex & Warehouse

Industrial Office Facility with 3 Doors

Professional Office Building with Offices

Clear-Span Warehouse with Office

Shop/Office Property on 7 Acres

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