120 S RUSSELL Street, Pampa, TX 79065-6452 (MLS# 26-6934)

120 S RUSSELL Street, Pampa, TX 79065-6452

$2,800,000

Property Type: MultiFamily Square Footage: 34,257 Status: Active

Current Price: $2,800,000 Last Modified: 8/29/2026

Overview

Description

Schneider House is a 54-unit apartment community in Pampa, Texas, Currently 88% occupied and generating in-place income across a stable, long-tenured resident base. An independent appraisal valued the property at $2.6M (As Is) even before ownership's recent capital improvements were completed, establishing a solid value floor ahead of the CapEx Program. Positive cashflow improvements can be made to monthly rent increases and utility bill backs.

Listing Details MLS# 26-6934

Property Information

To Be Auctioned: No
Zone: 7000 - All areas in the 7000's
Area: 7220 - Pampa
Realtor.COM Type: Multi-Family
Total SqFt. (+/-): 34257
List Price Per Sq. Ft.: 81.74
Year Built: 1928
Source of Sq Ft: Appraisal District
Photos are Virtually Staged: No

Taxes and Legal Information

House #: 120
Street Direction Pfx: S
Street Name: RUSSELL
Street Sfx: Street
State/Province: TX
Postal Code: 79065-6452
County: Gray
Legal: TR A ORIGINAL TOWNRESERVE
City: Pampa

Listing Info

L/A Supervisor Name: Jarec pace
Supervisor's Phone #: 8066729579
L/A Supervisor License Number: 652486
Directions: On the corner of S Frost and E Foster in Pampa TX.

Income

Gross Income: 212350
Net Oper Income: 128392

Heating

Other Heat: Boiler

Cooling

Other Cool: Chiller

More Information

Unit Features

Common Outside Entry: Yes
Handicap Access: Yes

Common Amenities

Central Laundry: Yes
Communty Center: Yes
Elevator(s): Yes

Appliances

Oven: Yes
Refrigerator: Yes

Property Features

Unit Features: Common Outside Entry; Handicap Access Common Amenities: Central Laundry; Communty Center; Elevator(s) Appliances: Oven; Refrigerator

Listing Office: Pace Realty Group

Listing Agent: Jarec Pace

Last Updated: August - 29 - 2026

Information deemed reliable but not guaranteed.