| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 68th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2109 Remington St, Fort Worth, TX, 76116, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1984 |
| Units | 60 |
| Transaction Date | 2018-01-24 |
| Transaction Price | $5,800,000 |
| Buyer | Ridgmar Condos, LLC and Ranchito |
| Seller | Ridgemar, Ltd |
2109 Remington St, Fort Worth Multifamily Investment
Neighborhood fundamentals point to a durable renter base supported by a high renter-occupied share and a high-cost ownership market, according to WDSuite’s CRE market data. Expect steady demand drivers from nearby employment nodes, with pricing power contingent on asset positioning and lease management.
This Inner Suburb location is competitive among Fort Worth-Arlington-Grapevine neighborhoods (ranked 46 of 561 overall), offering balanced access to daily needs and employment while retaining multifamily renter depth. Cafes and restaurants score well versus the metro (both ranking in roughly the top 15% of 561 neighborhoods), and pharmacies are particularly abundant (near the top of the metro). Parks and formal childcare options are thinner locally, so on-site amenities and partnerships can help round out resident experience.
Within a 3-mile radius, population and households are expanding, with households projected to grow substantially by 2028, indicating a larger tenant base for multifamily operators. Median contract rents in this radius have risen meaningfully over the last five years, and are projected to continue climbing, which supports revenue growth for well-positioned assets; investors should calibrate renewal strategies to maintain retention as rents rise.
Renter concentration is a key strength: the neighborhood’s share of renter-occupied housing units is high relative to the metro (ranked 41 of 561), reinforcing depth of demand for multifamily units and supporting leasing velocity. By contrast, neighborhood occupancy rates trail stronger parts of the metro (below the national median), so asset performance will hinge on competitive finishes, targeted marketing, and resident services to capture share.
Home values in the immediate neighborhood rank in the upper tier locally and high nationally, signaling a high-cost ownership market. For investors, this tends to sustain reliance on rental housing and can support lease retention, provided rent-to-income is managed carefully to limit affordability pressure and turnover risk.
Safety indicators here are mixed. Relative to neighborhoods nationwide, overall safety sits below the national median (national percentile around the mid-40s), and violent incident rates track in a lower national percentile. However, year-over-year trends show improvement, with both violent and property incident estimates declining, which can support perception over time if the trend continues.
Within the Fort Worth-Arlington-Grapevine metro, the neighborhood’s positioning is mid-pack among 561 neighborhoods. Operators should emphasize lighting, access control, and community engagement to support resident confidence and leasing stability while monitoring local trendlines.
Proximity to a diverse employment base helps underpin renter demand and commute convenience, notably industrial manufacturing, homebuilding, beverage packaging, airlines, and retail technology — the same employers listed below.
- Parker Hannifin Corporation — industrial manufacturing (2.4 miles)
- D.R. Horton — homebuilding (5.8 miles) — HQ
- Ball Metal Beverage Packaging — beverage packaging manufacturing (9.1 miles)
- American Airlines Group — airline (22.8 miles) — HQ
- Gamestop — retail/technology (22.8 miles) — HQ
2109 Remington St is a 60-unit, 1984-vintage asset positioned in an Inner Suburb of Fort Worth with strong renter-occupied housing share and access to diversified employment. Based on CRE market data from WDSuite, neighborhood occupancy trends are softer than the national median, but elevated ownership costs in the area and expanding 3-mile household counts point to a resilient tenant pipeline for well-managed properties.
The 1984 vintage suggests potential value-add through unit modernization and systems upgrades to strengthen competitive positioning against newer stock. High neighborhood home values and projected rent growth within a 3-mile radius can support revenue, while lease management should account for affordability pressure to preserve retention and reduce turnover.
- High renter-occupied share supports a deep tenant base and leasing velocity
- Diversified nearby employers bolster demand and reduce dependence on a single industry
- 1984 vintage offers value-add potential via renovations and operational upgrades
- Elevated ownership costs locally can reinforce rental demand and lease retention
- Risks: neighborhood occupancy below stronger submarkets and affordability pressure require disciplined pricing and retention tactics