- For Sale $4,800,000/SF
- Property Type Multi-Family
- Property Size 48,136 SF
- Units 81
- Cap Rate % 7.78
- NOI / YR $373,355.00
- # of Floors 2
- Building Class C
- Year Built 1963
- Date Updated May 27, 2025
**FOR SALE:** Discover a lucrative investment opportunity with **Nelson Street Apartments & Broadstone Apartments** located at ** 601 Nelson, 1410 & 1501 SW 9th Avenue, Amarillo, Texas**. Priced at $4,800,000, this property boasts fully remodeled units, presenting a prime chance for a new owner to introduce RUBS for increased revenue in a robust Texas market. Featuring a total of 81 units across 12 two-story buildings, this value-add opportunity offers a mix of 1-bedroom, 2-bedroom, and efficiency units with under-market rents. The property includes a pro forma income & expense breakdown, showcasing its potential for growth with an estimated cap rate of 8.45%. Ideal for investors seeking a strong return on investment, this property's strategic location near amenities like parks and schools enhances its appeal. Don't miss out on this chance to capitalize on the promising potential of **Nelson Street Apartments & Broadstone Apartments** in Amarillo!
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
54/100
Somewhat Walkable
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Transit Score ®
28/100
Some Transit
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Bike Score ®
54/100
Bikeable
- City Amarillo, TX
- Neighborhood Old San Jacinto
- Zip Code 79101
- Market Amarillo
Points of Interest
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Toot'n Totum
0.99 miles
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Valero
1.21 miles
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Phillips 66
1.57 miles
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Murphy Express
2.01 miles
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Tesla Destination Charger - Best Western Plus Medical Center
3.98 miles
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Tesla Supercharger
4.25 miles
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910 S Van Buren St
0.71 miles
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904 S Van Buren St
0.72 miles
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900 S Van Buren St
0.72 miles
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WTAMU Parking
0.77 miles
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Amarillo Tower Aux Parking
0.80 miles
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901 S Harrison St
0.82 miles
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913 S Harrison St
0.83 miles
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909 S Harrison St
0.83 miles
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220 SW 10th Ave
0.83 miles
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905 S Harrison St
0.83 miles
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Courtyard Amarillo Downtown
0.94 miles
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The Barfield, Autograph Collection
0.96 miles
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Holiday Inn Express & Suites Amarillo
1.18 miles
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Wyndham Garden Amarillo
1.19 miles
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Embassy Suites by Hilton Amarillo Downtown
1.25 miles
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Star Lodge
1.27 miles
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Deluxe Inn
1.33 miles
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Travelodge Amarillo West
1.48 miles
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Motel 6
1.54 miles
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Town House Motel
1.56 miles
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Shi Lee's Barbecue and Soul Food Cafe
0.49 miles
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FAVs
0.67 miles
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Youngblood's Cafe
0.69 miles
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Mariscos El Big Boy
0.85 miles
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Down’Home Dixie Diner
0.85 miles
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The Brunch Truck of Amarillo
0.86 miles
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Downtown Deli
0.87 miles
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Young Sushi "Rocks!"
0.87 miles
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Valore Italian Restaurant & Grill
0.87 miles
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Braceros Mexican Grill & Bar
0.88 miles
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McKinley School
0.35 miles
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Saint Marys Academy
0.39 miles
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Northwest Texas Hospital School of Nursing
0.56 miles
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Bivins Elementary School
0.63 miles
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Saint Andrews
0.84 miles
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Harrington Academic Hall WTAMU
0.87 miles
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Nixson Junior High School
0.97 miles
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Wolflin Elementary School
0.98 miles
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North Heights Alternative School
1.11 miles
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San Jacinto School
1.24 miles
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Children's Circle of Friends
2.16 miles
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Night & Day, Care & Play
2.61 miles
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Imagination Station
6.14 miles
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Unique Individuals
6.45 miles
Frequently Asked Questions
The space currently listed for sale at 1410 W 9th Ave asks for $4,800,000/SF.
1410 W 9th Ave totals 48,136 square feet.
1410 W 9th Ave was built in 1963.
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