| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 213 N Val Verde Cir, Keene, TX, 76059, US |
| Region / Metro | Keene |
| Year of Construction | 1974 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
213 N Val Verde Cir Keene Multifamily Investment
Stabilized renter demand and accessible rents in Keene support steady operations for a 1970s garden asset, according to CRE market data from WDSuite. The location favors workforce tenants seeking value relative to larger Fort Worth submarkets.
Keene sits within the Fort Worth–Arlington–Grapevine metro and skews Rural in character. Neighborhood occupancy is near the national midpoint and modestly above national medians, indicating generally stable leasing conditions without the volatility seen in more transient submarkets, based on WDSuite s CRE market data. Amenity density is limited locally, though pharmacy access is comparatively better than other daily-needs categories in the area.
The property s 1974 vintage is older than the neighborhood s average construction year (1990), suggesting investors should plan for targeted capital expenditures and potential value-add upgrades to maintain competitiveness against newer stock. Average unit sizes at the property trend compact, which can align with price-sensitive renters and smaller households.
Tenure patterns point to a thinner immediate renter base: WDSuite reports about three in ten housing units in the neighborhood are renter-occupied, which implies more owner concentration and a somewhat narrower pool for leasing. However, demographics aggregated within a 3-mile radius show a larger renter concentration and recent household growth, supporting a broader catchment for multifamily demand beyond the immediate blocks. Forecasts within the same 3-mile radius indicate population growth, a sizable increase in households, and smaller average household sizes by 2028 rends that typically expand the tenant base for apartments and support occupancy stability.
Home values in the neighborhood sit in the mid range for the region, while median rents track near national midpoints. For investors, this mix suggests balanced affordability dynamics: a high-cost ownership market is not the primary driver here, yet rent-to-income levels leave room for retention-focused lease management rather than aggressive pricing risk. School options in the neighborhood rate below national averages, which may temper appeal for some family renters but is less critical for workforce and student-adjacent cohorts.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location, so investors should benchmark the area against Fort Worth–Arlington–Grapevine metro trends and verify with local sources. A prudent approach is to review multi-year patterns at the neighborhood and city levels to assess consistency rather than relying on short-term fluctuations.
Owners commonly incorporate standard risk controls ighting, access control, and resident engagement to support on-site conditions and leasing outcomes, adjusting measures to align with observed trends over time.
The employment base draws from manufacturing, homebuilding, and major corporate offices across the DFW corridor, supporting workforce housing demand and commute convenience for renters. Notable nearby employers include Ball Metal Beverage Packaging, D.R. Horton, Parker Hannifin, American Airlines Group, and Express Scripts.
- Ball Metal Beverage Packaging manufacturing (17.5 miles)
- D.R. Horton homebuilding (24.9 miles) HQ
- Parker Hannifin Corporation industrial components (25.6 miles)
- American Airlines Group aviation HQ & corporate (33.8 miles) HQ
- Express Scripts pharmacy benefits (33.9 miles)
This 56-unit, 1974-vintage community in Keene offers steady, workforce-oriented demand at rents near regional midpoints, with neighborhood occupancy levels modestly above national medians. The older vintage points to manageable capital needs and clear value-add levers (exterior/interior refresh, systems upgrades) to sustain competitiveness versus 1990s-era stock in the broader metro.
Household growth and a forecasted expansion of the renter pool within a 3-mile radius support leasing durability, while balanced ownership costs temper displacement into for-sale alternatives. According to CRE market data from WDSuite, neighborhood renter-occupied share is lower than many metro peers, so marketing to a wider commuter shed and maintaining affordability positioning can help preserve occupancy and retention.
- Stable neighborhood occupancy and workforce renter demand support consistent leasing
- 1974 vintage enables targeted value-add for rent positioning versus newer comparables
- 3-mile household growth and smaller household sizes expand the tenant base
- Balanced rent-to-income dynamics favor retention-focused leasing strategies
- Risks: thinner immediate renter concentration and limited nearby amenities may require broader marketing and amenity-light operations