| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 32nd | Poor |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1121 Jameson St, Weatherford, TX, 76086, US |
| Region / Metro | Weatherford |
| Year of Construction | 1973 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1121 Jameson St Weatherford 60-Unit Multifamily Opportunity
Neighborhood occupancy around 93% points to steady renter demand and leasing durability, according to WDSuite’s CRE market data. With a 1973 vintage, the asset may offer value-add potential relative to newer nearby stock.
Located in Weatherford within the Fort Worth–Arlington–Grapevine metro, the surrounding neighborhood rates B- (ranked 315 out of 561 metro neighborhoods), indicating a middle-of-the-pack position with stable fundamentals. Amenity access is moderate, with restaurants and groceries near the 59th percentile nationally and parks around the 70th percentile, supporting day-to-day convenience for residents without relying on destination retail.
Neighborhood multifamily occupancy is 93.2% (above the 50th percentile nationally), suggesting a balanced leasing environment rather than oversupplied conditions. Median contract rents at the neighborhood level have risen over the past five years, and the local rent-to-income ratio is measured at 0.22, which supports retention and measured pricing moves rather than aggressive rent hikes.
Within a 3-mile radius, the population grew by roughly 6% over the last five years while households expanded by about 16%, indicating smaller average household sizes and a larger tenant base. Forward-looking estimates point to further renter pool expansion by 2028, with population expected to rise by ~14% and households by ~41%, which supports occupancy stability and prospective lease-up velocity for well-positioned assets.
Tenure patterns in the 3-mile area reflect about 43.5% of housing units as renter-occupied, providing a meaningful depth of demand for multifamily. Median home values in the neighborhood are around $225,000 and the value-to-income ratio is near 3.7, a context that can create some competition from ownership options; however, multifamily remains a more accessible path in a high-cost ownership market, supporting lease retention when supported by product quality and management.
The asset’s 1973 construction is older than the neighborhood’s average 1990 vintage. That age profile points to potential capital expenditure needs but also creates scope for renovations that can improve competitive positioning against newer comparables while targeting durable yield.
Safety indicators are comparatively favorable for the area. The neighborhood ranks 41st out of 561 metro neighborhoods for crime, placing it among the stronger safety profiles locally and in the top quartile nationally (around the 74th percentile for safety versus neighborhoods nationwide). Year-over-year estimates show notable declines in both property and violent offense rates, signaling an improving trend rather than deterioration.
As with any submarket, investors should evaluate block-by-block conditions and property security measures, but the metro-relative rank and national percentile suggest a supportive backdrop for renter retention and leasing.
Proximity to a diversified employment base supports commuter convenience and renter retention, led by industrial components, homebuilding, beverage packaging, video game retail, and airline corporate operations noted below.
- Parker Hannifin Corporation — industrial components (22.1 miles)
- D.R. Horton — homebuilding (26.1 miles) — HQ
- Ball Metal Beverage Packaging — beverage packaging (28.1 miles)
- Gamestop — video game retail (41.4 miles) — HQ
- American Airlines Group — airline (42.6 miles) — HQ
This 60-unit property at 1121 Jameson St was built in 1973, making it older than nearby stock on average and a candidate for targeted renovations to enhance competitiveness. Neighborhood occupancy of 93.2% and a renter-occupied housing share of about 43.5% within a 3-mile radius point to a sizable and stable tenant base. Population and household growth forecasts through 2028 indicate a larger pool of renters, which supports sustained absorption and lease retention when paired with thoughtful capital planning.
Rents and incomes in the area are trending upward, and the neighborhood’s rent-to-income ratio near 0.22 suggests room for disciplined rent management without overreaching on affordability pressure. According to CRE market data from WDSuite, safety metrics rank well locally and compare favorably nationally, which can aid tenant retention and reduce turnover risk relative to weaker submarkets.
- Occupancy around 93% at the neighborhood level supports income stability and leasing consistency.
- 1973 vintage offers value-add potential through unit and system upgrades to compete with newer stock.
- 3-mile demand drivers: expanding households and a meaningful renter-occupied share underpin absorption.
- Safety rank strong locally and top-quartile nationally, supporting retention and lower turnover risk.
- Risks: older systems may require capex; moderate homeownership accessibility can create competition with entry-level ownership.