Multifamily Value-Add Opportunity in
For Sale
Contact for pricing
Pending
4101 REPUBLIC AVE, Amarillo, TX 79109
Class C multifamily property with income stream and upside potential.
Property Size22,080 SF
Days on Market157
Property Features for 4101 REPUBLIC AVE
General Information
Standard status
Pending
Size
22,080 SF
Class
C
Property subtype
Multifamily
Zoning
MF
Occupancy
91%
Building Details
Year Built
1977
Buildings
1
Stories
2
Units
48
Listing Agency:
KW Commercial
Listed By:
Bobby Tyler · License #TX 690582
(806) 676-7709
Source:
Crexi
Added: May 19
Changed: Oct 15
Last Checked: Oct 20 at 5:23PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,439
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,780
$2.9M
Cap Rate 7%
$2,091,986
$2.1M
Cap Rate 9%
$1,627,100
$1.6M
Market Conditions
NOI Build-Up for 22,080 SF
Gross rent
$280.9K $12.72/SF
− Vacancy
−$14.6K −$0.66/SF
EGI
$266.3K $12.06/SF
− OpEx
−$119.8K −$5.43/SF
NOI
$146.4K $6.63/SF
Area
Amarillo, TX
Vacancy
5.20%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,780
Cap Rate 7%
$2,091,986
Cap Rate 9%
$1,627,100
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 authorities.
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Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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.
