| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 43rd | Fair |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 S Tarrant St, Crowley, TX, 76036, US |
| Region / Metro | Crowley |
| Year of Construction | 1975 |
| Units | 24 |
| Transaction Date | 2025-05-02 |
| Transaction Price | $1,802,150 |
| Buyer | NXTGEN CAPITAL CROWLEY LLC |
| Seller | FLYING A PROPERTIES LLC |
201 S Tarrant St Crowley Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable for the submarket, according to WDSuite’s CRE market data, with metrics measured for the neighborhood rather than the property. Expect stable leasing dynamics supported by steady household incomes in this inner-suburban Fort Worth location.
The property sits in an Inner Suburb of the Fort Worth–Arlington–Grapevine metro with a B neighborhood rating. Neighborhood occupancy ranks 59th out of 561 metro neighborhoods, placing it in the top quartile nationally, which signals durable leasing and limited vacancy friction for well-positioned assets.
Renter-occupied housing accounts for a moderate share of neighborhood units (32.7% renter concentration), indicating a sufficient tenant base without excessive turnover risk. Neighborhood contract rents trend in the mid-$1,400s while the rent-to-income ratio sits near 0.16, a level that generally supports retention and measured rent growth management. Median home values are mid-range for the region, which can introduce some competition from ownership but also keeps multifamily relevant as a flexible option.
Amenity access is mixed: cafes and childcare density score above national medians (around the 79th–80th percentiles), yet neighborhood counts for groceries, parks, and pharmacies within the immediate footprint are limited, suggesting residents rely on nearby corridors by car for daily needs. Average school ratings in the neighborhood trend below national norms, which may matter for family-oriented renter segments and should be considered in positioning.
Within a 3-mile radius, demographics show population and household growth over recent years with forecasts indicating further expansion through the next five years, pointing to a larger tenant base. Projections also show slightly smaller average household sizes, which can favor multifamily demand, even as owner-occupied share in the broader area is expected to remain high. Collectively, these dynamics support stable occupancy and a steady leasing pipeline for renovated and well-managed properties.
Safety indicators for the neighborhood are broadly around the regional middle when compared with the 561 Fort Worth–Arlington–Grapevine neighborhoods. Nationally, overall crime metrics sit somewhat below the midpoint, while property crime trends closer to average and has recently improved year over year. Violent offense measures are below the national median and have shown a recent uptick, so conservative underwriting should account for monitoring local trends rather than assuming continued improvement.
Proximity to a diversified employment base supports renter demand and commute convenience, led by beverage packaging, homebuilding, industrial components, airlines, and pharmacy benefit management offices noted below.
- Ball Metal Beverage Packaging — beverage packaging (5.6 miles)
- D.R. Horton — homebuilding (12.4 miles) — HQ
- Parker Hannifin Corporation — industrial motion & control (12.9 miles)
- American Airlines Group — airline (24.9 miles) — HQ
- Express Scripts — pharmacy benefit management (25.2 miles)
201 S Tarrant St is a 24-unit, garden-style asset in Crowley with roughly 800 sq. ft. average unit sizes. The neighborhood posts top-quartile occupancy nationally, supporting an expectation of steady leasing and limited downtime for well-maintained assets. Median rents relative to incomes indicate manageable affordability pressure, reinforcing retention while still allowing for disciplined rent optimization, according to CRE market data from WDSuite.
Built in 1975, the property is older than the neighborhood s average vintage, creating clear value-add potential through targeted renovations, systems upgrades, and curb appeal enhancements to sharpen competitive positioning versus 2000s-era stock. Investor considerations include below-average school ratings in the immediate neighborhood, limited walkable essentials within the footprint, and safety indicators that warrant ongoing monitoring; however, expanding 3-mile population and household counts suggest a growing renter pool to backfill turnover and sustain occupancy.
- Strong neighborhood occupancy supports stable leasing and limited vacancy periods
- Value-add upside from 1975 vintage via interior upgrades and systems modernization
- Rent-to-income dynamics favor retention with room for disciplined pricing
- Expanding 3-mile population and households point to a deeper tenant base
- Risks: below-average school ratings, limited walkable essentials, and safety trends to monitor