Discover a lucrative investment opportunity at Patterson Place Apartments in SW Amarillo, Texas. This 55-unit multifamily property, featuring a mix of 1-bed/1-bath and 2-bed/1-bath units built in 1974, offers immediate upside potential with below-market rents ripe for increase. Strategically located near major amenities, including shopping, grocery stores, and restaurants, Patterson Place benefits from a prime SW Amarillo location, ensuring high tenant demand. Recent upgrades have demonstrated the potential for rent growth, with achievable value-add opportunities. Amarillo's bright economic outlook, fueled by transformative projects like Fermi America's expansive 11-gigawatt AI data center, promises sustained population growth and increased housing demand.
For sale
Price cut: $100K (6/10)
$3,550,000
3020 SW 27th Ave, Amarillo, TX 79109
--beds
--baths
9,600sqft
Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$370/sqft
$-- HOA
What's special
Recent upgrades
- 137 days |
- 197 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Kirk Chudej 806-358-7151,
FIMC Commercial Realty
Source: AMMLS,MLS#: 26-1518
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Facts & features
Interior
Cooling
- Central Air
Appliances
- Included: Refrigerator, Range, Disposal, Dishwasher, Cooktop
Interior area
- Total structure area: 9,600
- Total interior livable area: 9,600 sqft
Property
Features
- Exterior features: Balcony
Details
- Parcel number: 213915
- Zoning description: 0200 - SW Amarillo in City Limits
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer
- Roof: Composition
Condition
- Year built: 1974
Community & HOA
HOA
- Amenities included: Barbecue
Location
- Region: Amarillo
Financial & listing details
- Price per square foot: $370/sqft
- Tax assessed value: $1,461,682
- Date on market: 2/18/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,135/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $3,550,000-2.7%$370/sqft |
Source:  AMMLS #26-1518 Report a problem | ||
| 2/18/2026 | Listed for sale | $3,650,000$380/sqft |
Source: AMMLS #26-1518 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,296,000 +20% |
| 2024 | $22,452 +15.3% | $1,080,000 +20% |
| 2023 | $19,473 -48.2% | $900,000 -43.2% |
| 2022 | $37,576 +26.5% | $1,584,954 +34.4% |
| 2021 | $29,712 +14.9% | $1,178,854 +13.1% |
| 2020 | $25,863 -0.6% | $1,042,677 |
| 2019 | $26,025 +14% | $1,042,677 +14.6% |
| 2018 | $22,835 +2.1% | $910,158 -0.7% |
| 2017 | $22,357 +0.8% | $916,578 |
| 2016 | $22,184 -98.9% | $916,578 |
| 2015 | $2,025,922 +9918.4% | $916,578 +8% |
| 2014 | $20,222 | $848,373 |
| 2013 | -- | $848,373 |
| 2012 | -- | $848,373 -22% |
| 2011 | -- | $1,087,093 |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 79109
Nearby schools
GreatSchools rating
- 7/10Coronado Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Austin Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Tascosa High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Potter County
- Amarillo
- 79109
- 3020 SW 27th Ave
Nearby cities
Nearby zip codes
Other Amarillo Topics
