| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 69th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 311 E Denton Dr, Euless, TX, 76039, US |
| Region / Metro | Euless |
| Year of Construction | 1984 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
311 E Denton Dr Euless Multifamily Investment
This 48-unit property benefits from strong neighborhood occupancy at 95.1% and elevated renter concentration at 57.4%, according to CRE market data from WDSuite. The location positions investors near major corporate employers while maintaining competitive rental fundamentals in the Fort Worth metro.
This Euless neighborhood ranks among the top quartile of Fort Worth-Arlington metro neighborhoods for housing fundamentals, placing 50th among 561 neighborhoods with a 71st national percentile rating. The area maintains strong occupancy at 95.1%, ranking above metro median and reflecting stable rental demand. With 57.4% of housing units renter-occupied, the neighborhood provides substantial depth for multifamily tenant pools, ranking in the 93rd national percentile for renter concentration.
Built in 1984, this property aligns with the neighborhood's average construction year of 1985, indicating consistent building stock that may present value-add renovation opportunities for modernization and competitive positioning. Demographic data aggregated within a 3-mile radius shows household growth of 19.2% over five years, with projections indicating continued expansion through 2028, supporting sustained demand for rental units.
The area demonstrates solid income fundamentals with median household income of $111,152 in the immediate neighborhood, ranking 137th of 561 metro neighborhoods. Home values averaging $428,731 create a high-cost ownership environment that reinforces rental demand, with the elevated value-to-income ratio ranking in the 85th national percentile. Contract rents at $1,338 median provide competitive pricing relative to the broader market while maintaining reasonable rent-to-income ratios for tenant retention.
The neighborhood demonstrates competitive safety metrics within the Fort Worth metro area, ranking 81st among 561 neighborhoods for overall crime levels. Property crime rates show recent volatility with a significant increase over the past year, though violent crime has decreased by 53.9%, ranking in the 87th national percentile for improvement. The area maintains above-average safety compared to neighborhoods nationwide, with violent crime rates ranking in the 73rd national percentile for low incidents.
The property benefits from proximity to major corporate employers anchoring the Dallas-Fort Worth employment base, supporting workforce housing demand and commute convenience for tenants.
- American Airlines Group — airline & transportation (2.2 miles) — HQ
- Express Scripts — healthcare services (2.8 miles)
- Gamestop — retail & gaming (3.8 miles) — HQ
- Michaels Cos. — retail & craft supplies (7.0 miles) — HQ
- Vistra Energy — energy & utilities (7.5 miles) — HQ
This 48-unit Euless property offers investors exposure to strong neighborhood occupancy fundamentals at 95.1% with substantial renter concentration supporting tenant demand stability. The location benefits from proximity to major corporate headquarters including American Airlines Group, providing workforce housing opportunities in a market with elevated ownership costs that reinforce rental reliance. Demographic projections within a 3-mile radius indicate continued household growth through 2028, expanding the potential tenant base while maintaining competitive rental pricing.
Built in 1984, the property presents potential value-add opportunities through strategic renovations and modernization to capture upside in a neighborhood where multifamily market research from WDSuite shows strong occupancy retention. The Fort Worth metro location provides diversified employment access while maintaining reasonable rent-to-income ratios that support lease management and tenant retention strategies.
- Strong neighborhood occupancy at 95.1% indicates stable rental demand and tenant retention
- High renter concentration at 57.4% provides substantial multifamily tenant pool depth
- Proximity to major corporate employers supports workforce housing demand
- Value-add renovation potential from 1984 construction for competitive positioning
- Risk: Property crime volatility requires ongoing monitoring and security considerations