- For Sale $5,998,000
- Property Type Multi-Family
- Property Size 83,440 SF
- Units 112
- Lot Size 2.87 Acre
- Parking Spaces Avail. 162
- Year Built 1975
- Date Updated Oct 20, 2026
Description
Veranda Gardens is well-located at 4301 SW 51st Avenue, Amarillo, TX 79101, one of the most stable and high-demand residential submarkets in the Texas Panhandle. The property sits within two miles of Westgate Mall, less than five minutes from both I-27 and I-40, and is surrounded by daily conveniences including United Supermarkets, CVS, major national retail and dining brands, and local banking.As exclusive advisors, Lee & Associates and Gaut Whittenburg Emerson present Veranda Gardens, a 112-unit garden-style multifamily community in Amarillo, Texas. Ownership invested over $1.9MM in capital improvements in 2023-2024, repositioning the physical plant and leaving a new owner a light, operations-driven value-add: lease up the remaining vacant units, bring rents to market on turnover, and expand the RUBS program.
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Contacts
Cathy Derr, CCIM
Gaut Whittenburg Emerson Commercial Real Estate
Location
Located at 4301 Southwest 51st Avenue, Amarillo, TX 79109, this property is part of the Amarillo SouthWest neighborhood and Amarillo market.
Contact Listing Broker
Cathy Derr, CCIM
Gaut Whittenburg Emerson Commercial Real Estate