| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 43rd | Fair |
| Amenities | 52nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 Roberts Cut Off Rd, Fort Worth, TX, 76114, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1984 |
| Units | 61 |
| Transaction Date | 2020-12-16 |
| Transaction Price | $1,250,000 |
| Buyer | 500 WEST LAMAR LLC |
| Seller | 124 ROBERTS CUT OFF LLC |
124 Roberts Cut Off Rd Fort Worth Multifamily Investment
Renter demand is supported by a high renter-occupied share in the neighborhood and occupancy holding in the low-90s, according to WDSuite’s CRE market data. The location offers access to everyday amenities and employment centers, positioning operations for steady leasing rather than outsized volatility.
This Inner Suburb neighborhood in Fort Worth ranks 229th of 561 metro neighborhoods (B rating), placing it competitive among Fort Worth-Arlington-Grapevine neighborhoods for overall investment appeal. Amenity access is a relative strength: grocery options and parks track around the upper quartile nationally (about the 75th–82nd percentiles), with restaurants and cafés even stronger by national comparison. Childcare and pharmacies are limited within the neighborhood itself, which may shift some resident trips to nearby corridors.
Multifamily fundamentals are serviceable: neighborhood occupancy is in the low-90s and has edged higher over the past five years, per WDSuite. The renter-occupied share is elevated at roughly mid-50s percent, placing the neighborhood in a high national percentile for renter concentration; for investors, that points to a deeper tenant base and durable demand across workforce segments.
Within a 3-mile radius, demographics show a slight population dip in recent years but a small increase in households, indicating smaller household sizes and a stable-to-growing renter pool. Looking ahead to 2028, WDSuite’s neighborhood dataset indicates further growth in household counts and rising incomes, which supports occupancy stability and potential for rent positioning. Median contract rents in the neighborhood sit near the $1.1K range with a rent-to-income ratio around 0.18, suggesting manageable affordability pressure that can aid lease retention and collections.
The asset’s 1984 vintage is newer than the neighborhood’s average construction year (1975). That relative youth can help competitiveness versus older stock, though investors should plan for aging systems and targeted modernization to sustain pricing power. Home values are moderate for the metro context, which tends to sustain reliance on rental housing while balancing retention against potential move-outs to ownership.
Safety indicators for the neighborhood trend below national averages, based on WDSuite’s crime benchmarks. However, both estimated violent and property offense rates declined materially over the past year, indicating an improving trajectory. For underwriting, this argues for prudent security and operating practices while recognizing the recent directional improvement.
Proximity to diversified employers supports commute convenience and renter retention, with nearby industrial, homebuilding, packaging, retail, and airline corporate operations anchoring the employment base referenced below.
- Parker Hannifin Corporation — industrial engineering (0.07 miles)
- D.R. Horton — homebuilding (3.99 miles) — HQ
- Ball Metal Beverage Packaging — packaging manufacturing (9.18 miles)
- Gamestop — retail (20.57 miles) — HQ
- American Airlines Group — airline corporate (20.75 miles) — HQ
124 Roberts Cut Off Rd is positioned for durable renter demand in an Inner Suburb location where the renter-occupied share is high nationwide and neighborhood occupancy trends in the low-90s. Amenity access is a relative strength versus many metro peers, with strong cafés, restaurants, groceries, and parks by national percentile, which can aid leasing velocity and resident satisfaction. The 1984 vintage is newer than the neighborhood average and offers competitive positioning versus older stock, while still warranting capital planning for building systems and value-add finishes.
Within a 3-mile radius, households have grown modestly despite slight population contraction, and forecasts point to further household expansion and income growth by 2028—supportive of a larger tenant base and occupancy stability. According to CRE market data from WDSuite, rents are moderate relative to incomes, suggesting manageable affordability pressure that can support retention while allowing disciplined rent management over time.
- High renter concentration and steady neighborhood occupancy support leasing stability
- Amenity access (parks, groceries, cafés/restaurants) compares well nationally, aiding demand
- 1984 vintage offers relative competitiveness with potential value-add and system upgrades
- 3-mile household and income growth projections expand the renter pool and support occupancy
- Risk: Safety metrics track below national averages; prudent security and underwriting remain important