Northtown Estates Mobile Home Community — Sale in Amarillo, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Amarillo, TX 79107

Photos

Northtown Estates Mobile Home Community — Sale in Amarillo, TX, photo 1 of 2
Northtown Estates Mobile Home Community — Sale in Amarillo, TX, photo 2 of 2

Investment Figures

Cap rate
5.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Northtown Estates Mobile Home Community is a 151-site property located in Amarillo, Texas. The site mix is comprised of 70 mobile home lot rents, 13 park-owned home lot rents, 26 lease-to-own lot rents, 39 vacant lots, two apartments, and one manager’s quarters. In addition to the list price, there's a park-owned home package valued at $1,080,000 to be purchased with the park. The property sits on 35.66 acres, approximately 12 of which available for development, and was renovated in 2024. Water, sewer, trash, and gas are paid by residents. Electric is direct billed for 95% of sites, with the remaining 5% billed back to residents. The property sits along historic Route 66, which carries over 10,000 vehicles per day, and less than four miles from Interstate 40, which carries over 76,000 vehicles per day. The property is also six miles from Rick Husband Amarillo International Airport. Amarillo ISD earned an overall B rating in the 2026 Texas Education Agency accountability ratings, with all four of its high schools earning an A rating for the first time in district history. Canyon ISD also earned a B rating. USA Today ranked Amarillo the No. 1 midsize city in the country for economic growth, citing steady job creation, affordability, and manufacturing expansion. Amarillo tied for the lowest unemployment rate among Texas metro areas at 3.3% as of September 2025, a distinction the city held repeatedly throughout the year. Amarillo offers residents a wide range of parks, museums, and outdoor destinations. Palo Duro Canyon State Park, the second-largest canyon in the country, sits just southeast of the city and spans nearly 28,000 acres with more than 30 miles of hiking, biking, and equestrian trails. The city is home to Route 66, the historic highway that runs through Amarillo and drew national attention this year during its 100th anniversary celebration. Amarillo residents also have access to the Amarillo Zoo, the Don Harrington Discovery Center, Wildcat Bluff Nature Cen

Market Context

This multifamily in Amarillo, TX is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Amarillo, TX — view the full market.

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