1031 N SUMNER Street, Pampa, TX 79065-4634 (MLS# 26-3459)

1031 N SUMNER Street, Pampa, TX 79065-4634

$2,950,000

Property Type: MultiFamily Square Footage: 51,064 Status: Active

Current Price: $2,950,000 Last Modified: 4/28/2026

Overview

Description

The Courtyard Apartments offer a 48-unit multifamily investment just one block off Highway 70 in Pampa, TX, with easy access to Highway 60 and nearby national retailers including Walmart, Tractor Supply, and Hobby Lobby. The property is 98% occupied with consistent collections and a strong tenant base. Trailing twelve-month performance shows $369,502 in gross income and $278,047 in NOI, delivering solid in-place cash flow. With below-market rents and operational upside, investors can increase NOI through rent growth and efficiencies. A rare opportunity to acquire a stabilized, high-yield asset in a supply-constrained market.

Listing Details MLS# 26-3459

Property Information

To Be Auctioned: No
Zone: 7000 - All areas in the 7000's
Area: 7220 - Pampa
Realtor.COM Type: Multi-Family
Total SqFt. (+/-): 51064
List Price Per Sq. Ft.: 57.77
Year Built: 1979
Source of Sq Ft: Appraisal District
Photos are Virtually Staged: No

Taxes and Legal Information

House #: 1031
Street Direction Pfx: N
Street Name: SUMNER
Street Sfx: Street
State/Province: TX
Postal Code: 79065-4634
County: Gray
Legal: TRACT N & PSUBURBS 167
City: Pampa

Listing Info

L/A Supervisor Name: Bill Chudej
Supervisor's Phone #: 806-358-7151
L/A Supervisor License Number: 331043
Directions: From Hobart turn on Somerville then left on N Sumner. Property is on your right.

Roof

Composition: Yes

Construction

Brick Veneer: Yes

Property Features

Roof: Composition Construction: Brick Veneer

Documents

OM ›

T12 ›

Listing Office: FIMC Commercial Realty

Listing Agent: Kirk Chudej

Last Updated: April - 28 - 2026

Information deemed reliable but not guaranteed.