| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2333 Escalante Ave, Fort Worth, TX, 76112, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1982 |
| Units | 122 |
| Transaction Date | 2018-08-21 |
| Transaction Price | $10,225,000 |
| Buyer | RAVENWOOD PROP LLC |
| Seller | NAPA VENTURES RAVENWOOD LLC |
2333 Escalante Ave Fort Worth Multifamily Investment
Neighborhood occupancy is strong and historically resilient, supporting steady collections and retention; according to WDSuite’s CRE market data, the area’s rental demand is supported by a broad renter base within three miles and manageable rent-to-income dynamics.
Situated in a suburban pocket of Fort Worth, the property benefits from neighborhood occupancy levels that rank in the upper tier nationally, indicating stable lease-up and lower downtime risk for multifamily assets. While the immediate block shows limited retail density, broader Fort Worth employment corridors are accessible, which helps sustain renter demand at the submarket scale.
Construction year for the asset is 1982, newer than the neighborhood’s average vintage from the 1970s. For investors, that positioning typically means relatively competitive unit layouts and systems compared with older stock, while still offering clear value-add pathways through modernization of interiors, amenities, and building systems as needed.
Within a 3-mile radius, renter-occupied housing comprises about two-fifths of units, signaling a meaningful tenant pool for a 122-unit community and supporting ongoing leasing depth. Population and household counts within three miles have grown modestly in recent years, and projections point to further population growth and an increase in households, implying a larger tenant base and supporting occupancy stability.
Home values in the neighborhood are more accessible than in higher-cost Texas metros, which can introduce some competition from ownership. At the same time, rent-to-income levels sit near the national mid-range, which can support lease retention and measured pricing power when paired with targeted upgrades rather than across-the-board rent pushes.
Safety conditions in the neighborhood track close to national mid-range benchmarks overall, though violent incident measures are weaker than national medians. Relative to the Fort Worth-Arlington-Grapevine metro, the area trails the metro median on safety, which investors should consider in underwriting and on-site management planning.
On a positive note, recent data shows a sharp year-over-year improvement in property offense rates, placing the neighborhood among stronger improvers metro-wide. Continued emphasis on visibility, lighting, and community standards can help sustain these gains and support resident retention.
The location is within commuting reach of major corporate employers that anchor regional demand and help support multifamily leasing durability, including headquarters operations in homebuilding, airlines, and retail/gaming.
- D.R. Horton — homebuilding HQ (8.5 miles) — HQ
- American Airlines Group — airline HQ (9.6 miles) — HQ
- Ball Metal Beverage Packaging — packaging (10.0 miles)
- Express Scripts — pharmacy benefits (10.0 miles)
- Gamestop — retail/gaming HQ (12.3 miles) — HQ
2333 Escalante Ave offers investors a 122-unit, 1982-vintage asset in a Fort Worth neighborhood with high occupancy and a sizable renter base within a 3-mile radius. Based on CRE market data from WDSuite, the neighborhood’s occupancy trends align with stable operations, while rent-to-income levels suggest room for measured value creation tied to targeted upgrades rather than relying solely on rent growth.
The property’s vintage is newer than the area’s average, providing a useful starting point for value-add execution (interiors, common areas, and energy or system updates) to strengthen competitiveness against older stock. Key risks include lighter immediate amenity density and safety metrics that trail the metro median, warranting enhanced property management, resident engagement, and security-focused improvements.
- High neighborhood occupancy supports leasing stability and reduces downtime risk.
- 1982 vintage offers clear value-add pathways to enhance rents and retention.
- Broad 3-mile renter base and household growth underpin demand for a 122-unit asset.
- Balanced rent-to-income conditions favor measured pricing power post-renovation.
- Risks: lighter nearby amenities and below-median safety require focused management and CapEx planning.