| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 80th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Boland St, Fort Worth, TX, 76107, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1999 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Boland St, Fort Worth Multifamily Investment
Stabilized renter demand in an Inner Suburb location with strong neighborhood demographics, according to WDSuite’s CRE market data, supports durable leasing fundamentals for a 1999-vintage, 63-unit asset.
The property sits in an Inner Suburb neighborhood rated A- and ranked 95th among 561 Fort Worth–Arlington–Grapevine neighborhoods, indicating competitive positioning within the metro. Parks and open space are a relative strength (top quartile nationally by park density), and grocery access tests above national norms, while cafes and pharmacies are thinner, which may modestly affect daily convenience.
Neighborhood rents register around the national mid-range and the local occupancy level is softer than many areas, but the renter-occupied share of housing units is elevated (measured at the neighborhood level), signaling a broad tenant base for multifamily operators. Median household incomes in the neighborhood trend above national averages, which can support collections and lease stability when paired with prudent pricing.
Within a 3-mile radius, households increased over the last five years and are projected to expand substantially through 2028, even as average household size trends lower. That combination typically points to more, smaller households entering the market — a setup that can align with mid-size unit mixes and supports occupancy stability for well-managed properties.
Single-family ownership costs in the neighborhood are elevated relative to incomes (above most U.S. neighborhoods), which often sustains reliance on rental housing and can reinforce pricing power and retention for well-located multifamily assets.
Safety indicators place the neighborhood around the national middle, with crime ranked 170 out of 561 metro neighborhoods — a position that signals higher incident levels than many Fort Worth areas. However, recent year-over-year trends show meaningful declines in both property and violent offenses, indicating directional improvement.
Compared nationally, the neighborhood falls below the median for violent offense safety but has posted notable one-year improvements. For investors, this mix suggests underwriting should account for security and operating practices, while recognizing the constructive trajectory in reported rates.
Proximity to diversified employers supports a steady workforce renter pool and convenient commutes, including industrial, homebuilding, beverage packaging, airlines, and retail headquarters.
- Parker Hannifin Corporation — industrial motion & control (1.9 miles)
- D.R. Horton — homebuilding (2.1 miles) — HQ
- Ball Metal Beverage Packaging — beverage packaging (8.1 miles)
- American Airlines Group — airline parent (19.0 miles) — HQ
- Gamestop — video game retail (19.1 miles) — HQ
Built in 1999, the asset is newer than much of the surrounding housing stock, which can offer a competitive edge versus older properties while still allowing targeted capital planning for aging systems or value-add upgrades. Neighborhood fundamentals point to an established renter base (renter-occupied share measured at the neighborhood level) and incomes above national averages, while ownership costs remain elevated — dynamics that tend to sustain multifamily demand and support retention. According to commercial real estate analysis from WDSuite, neighborhood occupancy sits below stronger pockets of the metro, so disciplined lease management and amenity positioning are important to maximize stability.
Within a 3-mile radius, households have grown and are projected to rise further as average household size trends lower, expanding the pool for mid-size units (the property averages roughly 656 square feet). Parks and grocery access compare well nationally, while the thinner cafe/pharmacy presence and mixed safety profile warrant prudent operating practices. Overall, the location’s demand drivers, workforce access, and value-add potential form a balanced, long-term thesis.
- 1999 vintage offers relative competitiveness with room for selective upgrades
- Elevated neighborhood renter concentration supports a deep tenant base
- 3-mile household growth and smaller household sizes favor mid-size units
- High-cost ownership landscape reinforces reliance on multifamily rentals
- Risks: softer neighborhood occupancy and mixed safety indicators require active management