| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Poor |
| Demographics | 13th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3001 Avenue K, Fort Worth, TX, 76105, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1980 |
| Units | 100 |
| Transaction Date | 2008-10-17 |
| Transaction Price | $5,500,000 |
| Buyer | HAN YU |
| Seller | MEADOWG PROPERTIES LLC |
3001 Avenue K Fort Worth Multifamily Investment Thesis
Neighborhood occupancy trends appear resilient and a larger renter-occupied share than national norms points to a dependable tenant base, according to WDSuite’s CRE market data. Pricing remains accessible relative to income levels, supporting lease stability for well-managed assets.
This Inner Suburb pocket of Fort Worth shows steady renter demand signals for multifamily: neighborhood occupancy is about 93% and sits in the upper-mid range nationally while tracking near the metro middle, based on CRE market data from WDSuite. The neighborhood’s renter-occupied share is elevated versus national norms (74th percentile), which indicates depth in the tenant base and supports ongoing leasing activity and renewal potential.
Within a 3-mile radius, population and household counts have grown over the last five years, and WDSuite’s projections point to additional household growth alongside slightly smaller average household sizes. For investors, that combination tends to expand the renter pool and can help sustain occupancy and absorption, particularly for practical unit mixes. Median contract rents in the neighborhood remain modest relative to incomes, which can temper affordability pressure and aid retention.
Local livability indicators are mixed. Childcare access is a relative strength (competitive among Fort Worth-Arlington-Grapevine neighborhoods), while retail, grocery, restaurants, parks, and pharmacies are sparse in the immediate vicinity compared with both metro and national benchmarks. Average school ratings in the neighborhood track toward the lower end of the local spectrum; investors typically account for this by targeting value-driven positioning and resident services to reinforce retention.
The property’s 1980 vintage is newer than the neighborhood’s older housing stock (average construction year skewed to the 1950s). That positioning can offer a competitive edge versus legacy assets, though capital planning should still anticipate modernization of building systems and common areas to capture value-add upside and sustain rent competitiveness over the hold.
Safety metrics for the neighborhood trend below national averages, indicating a comparatively higher incidence of reported offenses than many U.S. neighborhoods. Within the metro context (552nd percentile implies weaker standing among 561 Fort Worth-area neighborhoods by overall rating), this submarket competes on value rather than perception of safety.
That said, WDSuite data shows a recent improvement in property offenses, with a notable year-over-year decline. Investors commonly respond by emphasizing on-site security measures, lighting, access control, and community engagement to support resident retention and asset performance. As always, evaluate current trends, on-the-ground conditions, and property-level incident history during diligence.
The area benefits from a diversified employment base that supports renter demand, with proximity to homebuilding, packaging, industrial manufacturing, and airline corporate operations. Nearby employers include D.R. Horton, Ball Metal Beverage Packaging, Parker Hannifin Corporation, American Airlines Group, and Express Scripts.
- D.R. Horton — homebuilding HQ (3.5 miles) — HQ
- Ball Metal Beverage Packaging — packaging (5.7 miles)
- Parker Hannifin Corporation — industrial manufacturing (7.2 miles)
- American Airlines Group — airline corporate (15.1 miles) — HQ
- Express Scripts — pharmacy benefit management (15.6 miles)
3001 Avenue K is a 1980-vintage, 100-unit asset positioned in an Inner Suburb of Fort Worth where neighborhood occupancy sits in the national upper-mid range and the renter-occupied share is comparatively high. Within a 3-mile radius, recent population and household growth, coupled with projections for additional household gains and slightly smaller household sizes, point to a larger tenant base over time—supporting leasing continuity and renewal velocity. According to commercial real estate analysis from WDSuite, neighborhood rents remain modest relative to incomes, which can help manage affordability pressure and sustain retention if operational execution is strong.
The asset’s vintage is newer than much of the surrounding housing stock, offering scope for targeted renovations and system upgrades to enhance competitive positioning. Risk considerations include thinner amenity coverage in the immediate area, below-average school ratings, and safety metrics that trail national norms; these factors typically require active management, resident services, and security investments to protect performance.
- Stable neighborhood occupancy with elevated renter concentration supports demand depth
- 3-mile population and household growth expands the renter pool and aids absorption
- 1980 vintage offers value-add potential through targeted renovations and system modernization
- Accessible rent-to-income dynamics can bolster lease retention and pricing flexibility
- Risks: below-average safety and limited nearby amenities require proactive management and security investment