Multifamily Value-Add Opportunity in
4101 REPUBLIC AVE Amarillo, TX 79109
4101 REPUBLIC AVE, Amarillo, TX, 79109
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For Sale
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Class C multifamily property with income stream and upside potential.
Property Size22,080 SF
Price / SF$122.28
Days on Market62
Property Features for 4101 REPUBLIC AVE
General Information
- Standard status
- Active
- Size
- 22,080 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1977
Listing Agency
KW Commercial
(806) 676-7709
Listed by
Bobby Tyler · License #TX 690582
Source
Crexi
Added: May 19 Checked: Jul 19 at 6:25 am
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 KW Commercial
Investment Insights
Based on property information with market context.
4101 Republic Avenue presents a Class C multifamily value-add opportunity, offering a stable in-place income stream alongside clear upside potential. The property features a functional unit mix and an efficient layout that supports consistent occupancy. Located in Amarillo, Texas, which USA Today reports as the fastest-growing midsize city in the country, the area is experiencing dynamic growth, combining steady population expansion with strong job creation and economic diversification. With a population exceeding 200,000, the city attracts new residents, businesses, and investment. Key industries such as aerospace, manufacturing, energy, healthcare, and logistics are driving job growth, with expansions including new aviation facilities at Rick Husband Amarillo International Airport, downtown office development from Pantex, and new industrial investments. Downtown Amarillo is undergoing a significant revitalization, with new residential units, hotels, and mixed-use developments transforming the urban core into a vibrant live-work-play environment. Amarillo’s central location, business-friendly environment, lower cost of living, and access to major transportation corridors continue to attract employers and developers. The property size is 22080 square feet.
Key Highlights
- Value‑add opportunity with stable in‑place income.
- Functional unit mix and efficient layout supporting consistent occupancy.
- Located in Amarillo, the fastest‑growing midsize city in the U.S.
Local 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 | $280.9k | $12.72 |
| − Vacancy | −$14.6k | −$0.66 |
| EGI | $266.3k | $12.06 |
| − OpEx | −$119.8k | −$5.43 |
| NOI | $146.4k | $6.63 |
22,080 SF · lease $12.72/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,439 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.93M
$4.31M – $5.75M
NOI $345,084 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Belmont Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Class C multifamily property with income stream and upside potential.
Where is this apartment building located?
The property is located at 4101 REPUBLIC AVE Amarillo, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Value‑add opportunity with stable in‑place income.; Functional unit mix and efficient layout supporting consistent occupancy.; Located in Amarillo, the fastest‑growing midsize city in the U.S.
