| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 42nd | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3201 S University Dr, Fort Worth, TX, 76109, US |
| Region / Metro | Fort Worth |
| Year of Construction | 2012 |
| Units | 56 |
| Transaction Date | 2013-02-27 |
| Transaction Price | $15,850,000 |
| Buyer | University House Fort Worth LLC |
| Seller | --- |
3201 S University Dr, Fort Worth multifamily investment
Newer 2012 construction in an Inner Suburb with a high renter concentration supports durable demand, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood rated A- (ranked 108 out of 561 metro neighborhoods), placing it in the top quartile among Fort Worth-Arlington-Grapevine areas for overall fundamentals. Local housing stock averages 1983, so 2012 vintage positions this asset as comparatively newer—often translating to stronger competitive appeal versus older properties, with potential for selective modernization rather than heavy near-term capital needs.
Livability inputs are mixed but generally supportive: strong density of restaurants and groceries alongside very strong pharmacy and park access, while cafes and childcare are thinner. Neighborhood educational attainment tests high, which can support leasing for modern product. Median home values trend elevated for the area, and the value-to-income ratio ranks high nationally; in practical terms, the ownership market’s higher costs can reinforce renter reliance on multifamily housing and aid pricing power for competitive assets.
Renter-occupied share is 56.5% of housing units (high for the metro and nation), indicating a deep tenant base and broad demand for professionally managed rentals. By contrast, neighborhood occupancy trends measure softer than national norms, so operators should emphasize leasing velocity and renewal management; still, NOI per unit for the neighborhood benchmarks among the stronger cohorts nationally, underscoring income potential when operations are well executed.
Within a 3-mile radius, population was roughly stable over the last five years while household counts rose and average household size edged lower, creating a larger renter pool. Forecasts point to continued population growth and a notable increase in households by 2028, which supports occupancy stability and absorption. This outlook, paired with the property’s relatively new vintage, aligns with sustained renter demand highlighted by WDSuite’s commercial real estate analysis.
Neighborhood safety indicators trend near the national middle overall (crime metrics around the 52nd percentile nationwide), with recent improvement. Violent offense estimates declined markedly year over year, and property offense rates also moved lower. Within the metro context, the neighborhood’s crime rank sits on the favorable side compared with many Fort Worth-Arlington-Grapevine areas (rank 130 out of 561), suggesting comparatively better conditions than metro average.
For investors, the trajectory matters: improving year-over-year readings can support leasing and retention efforts, but property crime remains a watch item. Underwriting should account for ongoing safety programs and standard risk controls rather than assuming uninterrupted improvement.
- D.R. Horton — homebuilding HQ (4.0 miles) — HQ
- Ball Metal Beverage Packaging — packaging manufacturing (4.6 miles)
- Parker Hannifin Corporation — industrial manufacturing offices (4.6 miles)
- American Airlines Group — airline corporate (19.9 miles) — HQ
- Express Scripts — pharmacy benefit management (20.3 miles)
Proximity to diversified employers helps underpin renter demand and retention, with nearby roles spanning homebuilding, industrial manufacturing, and air travel corporate functions.
This 56-unit, 2012-vintage asset offers competitive positioning versus older neighborhood stock, with fundamentals supported by a high renter concentration and an amenity mix that sustains day-to-day convenience. Neighborhood NOI per unit benchmarks strongly at the national level, indicating income potential when operations are disciplined. Within a 3-mile radius, the outlook calls for population growth and a sizable increase in households through 2028, expanding the local tenant base and supporting occupancy stability.
Based on CRE market data from WDSuite, neighborhood occupancy trends currently run softer than national norms, so near-term performance will depend on active leasing management and renewals. Elevated ownership costs in the area continue to support rental demand, while the property’s newer construction reduces the likelihood of immediate large-scale capital projects, though investors should still budget for system upgrades and targeted value-add to sustain competitiveness.
- 2012 vintage versus 1980s neighborhood average enhances competitive appeal and moderates near-term capex.
- High renter-occupied share signals a deep tenant base and supports leasing durability.
- 3-mile forecasts show population and household growth through 2028, expanding the renter pool.
- Elevated ownership costs can reinforce rental demand and pricing power for competitive assets.
- Risk: neighborhood occupancy is softer than national norms; performance hinges on leasing execution and retention, with affordability pressures requiring careful rent management.