| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 68th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6500 West Fwy, Fort Worth, TX, 76116, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1984 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6500 West Fwy Fort Worth Multifamily Value-Add
Neighborhood renter demand is durable given a high-cost ownership landscape and solid amenity access, according to WDSuite’s CRE market data. For investors, the thesis centers on pricing power with careful attention to lease management and resident retention.
Located in an Inner Suburb of Fort Worth, the area surrounding 6500 West Fwy offers everyday convenience with restaurants and pharmacies scoring in the upper national percentiles, while parks and childcare options are limited. Compared with other Fort Worth-Arlington-Grapevine neighborhoods (561 total), these amenity dynamics suggest strong day-to-day livability but fewer family-centric features, which can shape unit mix performance and tenant profiles.
Construction vintage in the neighborhood skews to the mid-1980s. With the property built in 1984—slightly older than the neighborhood average—investors should underwrite selective capital improvements and common-area refreshes to maintain competitiveness versus newer stock while capturing possible renovation upside.
Neighborhood occupancy trends currently trail metro norms, indicating that leasing strategy and asset-level operations will matter for stabilization. Counterbalancing this, renter-occupied share ranks in the top percentile nationally, signaling a deep tenant base for multifamily. Within a 3-mile radius, population and household counts are growing, with households projected to expand over the next five years—supporting a larger renter pool and occupancy stability over time.
Elevated home values relative to local incomes characterize this part of Fort Worth and tend to reinforce reliance on renting. This supports demand depth and can aid lease retention, though higher rent-to-income ratios call for disciplined renewal strategies and careful rent setting—a practical consideration surfaced by commercial real estate analysis and validated by WDSuite’s market data.
Safety metrics are mixed. Compared with 561 neighborhoods in the Fort Worth-Arlington-Grapevine metro, the area ranks competitive among peers, yet it sits below the national median for safety. Recent year-over-year trends show notable improvement in both violent and property incidents, which helps reduce operational risk but still warrants routine security and lighting best practices.
The location draws from a diversified employment base that supports renter demand and commute convenience, including nearby corporate offices and major headquarters noted below.
- Parker Hannifin Corporation — corporate offices (2.6 miles)
- D.R. Horton — corporate offices (5.9 miles) — HQ
- Ball Metal Beverage Packaging — corporate offices (9.0 miles)
- American Airlines Group — corporate offices (22.9 miles) — HQ
- Gamestop — corporate offices (23.0 miles) — HQ
This 35-unit, 1984-vintage asset offers a straightforward value-add path in an Inner Suburb where renter concentration is high and ownership costs are elevated relative to incomes. While neighborhood occupancy trails metro averages, the deep renter base and growing household counts within a 3-mile radius support demand resilience and retention potential over the hold.
Amenity access is strong for daily needs (notably dining and pharmacy density), which helps leasing velocity, while limited parks and childcare suggest targeting smaller households and professional renters. Based on CRE market data from WDSuite, underwriting should balance pricing power against affordability pressure by focusing on renovations that lift unit competitiveness without overreaching on rents.
- High renter-occupied share supports a deep tenant base and leasing stability.
- 1984 vintage enables targeted value-add to improve unit finishes and common areas.
- Strong day-to-day amenities bolster marketing and lease-up, especially for smaller households.
- Demand outlook aided by projected household growth within 3 miles over the next five years.
- Risk: Neighborhood occupancy trails metro norms and affordability pressure requires careful rent setting and renewal management.