| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 48th | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 313 Gateway St, Azle, TX, 76020, US |
| Region / Metro | Azle |
| Year of Construction | 1991 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
313 Gateway St Azle Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability in the low 90s, according to WDSuite’s CRE market data. Positioned in suburban Tarrant County, the asset benefits from local amenity access and a growing 3-mile renter pool without the pricing volatility of core urban submarkets.
Azle’s suburban setting offers everyday convenience that supports leasing: grocery and pharmacy access trend above national norms (around the 80th percentile nationally), while parks and childcare options also register above average. Dining options are present, though the immediate area is not cafe-dense, aligning with a lower-intensity suburban profile.
At the neighborhood level, occupancy is broadly stable and renter demand is reinforced by a renter-occupied share that sits in the roughly one-quarter to one-third range. For investors, this indicates a meaningful—though not oversized—tenant base, suggesting steadier leasing but the need for disciplined marketing to capture move-ins.
Within a 3-mile radius, recent population and household growth, alongside projections for additional household expansion and a gradual decrease in average household size, point to a larger tenant base over the next few years. This combination typically supports occupancy stability and measured rent growth, a view supported by multifamily property research from WDSuite.
Home values are elevated relative to many secondary Texas suburbs but remain more accessible than major coastal markets. In practice, this mix can sustain rental demand—ownership is attainable for some households, yet rent-to-income levels appear manageable, aiding lease retention and reducing turnover risk compared with higher-cost metros. School ratings in the area are mid-range, which tends to support a broad renter profile without concentrating demand in only one segment.
Relative to national comparisons, the neighborhood trends on the safer side overall, with violent-offense measures in the top quartile nationally. Within the Fort Worth–Arlington–Grapevine metro, crime levels are competitive among peer neighborhoods, supporting resident retention and leasing confidence without relying on a “prime” safety narrative.
Investors should note that property offenses have seen a recent uptick year over year, even as broader safety indicators remain favorable versus national benchmarks. Underwriting should incorporate prudent security, lighting, and resident-engagement measures to mitigate this risk and preserve on-site performance.
Nearby corporate anchors provide a diversified employment base that supports commuter demand, including advanced manufacturing, homebuilding, retail, and air transport headquarters. Proximity to Parker Hannifin, D.R. Horton, Ball Corporation, GameStop, and American Airlines helps underpin leasing depth and retention.
- Parker Hannifin Corporation — industrial manufacturing (11.0 miles)
- D.R. Horton — homebuilding (14.1 miles) — HQ
- Ball Metal Beverage Packaging — packaging manufacturing (20.2 miles)
- Gamestop — retail corporate (25.1 miles) — HQ
- American Airlines Group — air transport corporate (27.6 miles) — HQ
313 Gateway St is a 50-unit 1991-vintage community in suburban Tarrant County, positioned to capture steady demand from a growing 3-mile tenant base and a neighborhood renter concentration that is meaningful but not saturated. The asset’s vintage suggests potential value-add through unit renovations and common-area updates to enhance competitiveness against slightly newer local stock. According to CRE market data from WDSuite, neighborhood occupancy trends in the low 90s and manageable rent-to-income levels support stable cash flow potential with prudent operations.
Amenity access is solid for a suburban location, with groceries, pharmacies, and parks above national averages—favorable for day-to-day livability and leasing. Proximity to diversified regional employers further supports retention, while mid-range school ratings help maintain a broad renter profile without over-concentration in one household segment.
- Stable neighborhood occupancy and an expanding 3-mile renter pool support leasing consistency
- 1991 vintage offers value-add potential through interior updates and curb-appeal improvements
- Manageable rent-to-income dynamics enhance retention and reduce turnover risk
- Access to major employers (manufacturing, homebuilding, retail, air transport) underpins demand
- Risks: smaller renter pool than urban cores and a recent uptick in property offenses warrant active asset management