| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 86th | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1020 Currie St, Fort Worth, TX, 76107, US |
| Region / Metro | Fort Worth |
| Year of Construction | 2012 |
| Units | 93 |
| Transaction Date | 2011-10-26 |
| Transaction Price | $37,821,300 |
| Buyer | LANCASTER PROPERTIES LLC |
| Seller | LOCAP HOLDINGS LLC |
1020 Currie St Fort Worth Multifamily Opportunity
Renter concentration in the immediate neighborhood supports a deep tenant base, while occupancy trends will reward active leasing management, according to WDSuite s CRE market data.
Located in Fort Worth s Inner Suburb, the 1020 Currie St address sits in a neighborhood rated A+ and ranked 6 out of 561 within the Fort Worth-Arlington-Grapevine metro 4competitive among Fort Worth-Arlington-Grapevine neighborhoods and top quartile nationally by overall livability metrics. Dining and daily needs are well-covered: restaurants and cafes score in the top quartile nationally, and parks and groceries are also above national norms, supporting walkable convenience that tends to aid leasing and retention.
The housing stock nearby skews older (average vintage 1954 across the neighborhood), while this property s 2012 construction is newer than most local comparables a relative advantage for renter appeal. Newer construction can reduce near-term capital exposure and strengthen competitive positioning against older inventory, though investors should still underwrite for periodic system updates as the asset approaches its mid-teen years.
Neighborhood occupancy sits below national norms, signaling the need for disciplined leasing strategy and amenity-driven positioning. At the same time, renter-occupied share is elevated (71% of housing units in the neighborhood are renter-occupied; 97th percentile nationally), indicating substantial multifamily demand depth and a broad tenant pipeline for studios and one-bedrooms.
Within a 3-mile radius, demographics point to a stable-to-expanding renter pool: households have grown while average household size has edged lower, and forecasts indicate increases in households and higher median incomes by 2028. Elevated home values (top quartile nationally) in the neighborhood create a high-cost ownership market, which typically supports sustained reliance on rental housing and can help pricing power for well-managed assets. Childcare availability is thinner locally, which may tilt demand toward smaller-household renters and professionals.
Safety indicators for the neighborhood are below national benchmarks (lower national percentiles indicate comparatively higher crime), but recent trends show improvement. According to WDSuite s data, estimated violent and property offense rates have declined year over year, which is directionally supportive for livability and leasing narratives.
Within the Fort Worth-Arlington-Grapevine metro, the neighborhood s crime rank is measured against 561 neighborhoods; national percentiles place it below the national median for safety today. Investors should account for enhanced security, lighting, and access controls in underwriting, while noting the recent downward trend as a potential stabilizer if it persists.
Proximity to major employers supports commuter convenience and broad renter demand, including headquarters and regional offices such as D.R. Horton (homebuilding), Parker Hannifin (industrial components), Ball Metal Beverage Packaging (manufacturing), American Airlines Group (airline HQ), and GameStop (retail HQ).
- D.R. Horton homebuilding (1.7 miles) HQ
- Parker Hannifin Corporation industrial components (2.5 miles)
- Ball Metal Beverage Packaging manufacturing (7.3 miles)
- American Airlines Group airline (18.7 miles) HQ
- Gamestop video game retail (19.0 miles) HQ
This 2012-vintage, 93-unit asset benefits from a high-amenity Inner Suburb location where renter-occupied share is exceptionally high, indicating durable multifamily demand. While neighborhood occupancy trends are softer than national norms, the property s newer construction offers a competitive edge versus older local stock, and nearby dining, parks, and groceries strengthen day-to-day convenience that can support retention. Within a 3-mile radius, households have expanded and income levels are projected to rise, pointing to a larger tenant base and improving rent coverage over the medium term. Based on CRE market data from WDSuite, the ownership market s elevated home values further reinforce reliance on rental housing.
Key considerations include underwriting for active leasing execution given neighborhood occupancy positioning and continuing to invest in security and access controls amid below-median national safety percentiles. With disciplined operations and targeted capital planning typical for assets in their mid-teen years, the property is positioned to capture demand from professionals seeking convenience and quality relative to older inventory.
- Newer 2012 construction relative to older neighborhood stock supports competitive positioning and moderates near-term CapEx
- High neighborhood renter concentration indicates a deep tenant base and demand durability
- Amenity-rich micro-location (dining, parks, groceries) enhances leasing and retention potential
- 3-mile household growth and rising incomes point to a larger renter pool and healthier rent coverage over time
- Risks: below-median national safety percentiles and softer neighborhood occupancy call for strong leasing and security strategies