| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Poor |
| Demographics | 18th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 711 Crawford St, Fort Worth, TX, 76104, US |
| Region / Metro | Fort Worth |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
711 Crawford St Fort Worth 24-Unit Multifamily
Positioned near major employment nodes, the asset benefits from steady renter demand and a comparatively newer 2007 vintage for this submarket, according to WDSuite’s CRE market data.
711 Crawford St sits in an Inner Suburb of Fort Worth where neighborhood livability is mixed but improving in select areas. Grocery and dining access are relative strengths, with neighborhood amenities benchmarking in the top quartile nationally for grocery stores and restaurants, while cafes, pharmacies, and childcare are less dense. Park access also scores in the top quartile nationally, offering a lifestyle advantage that can aid leasing and retention.
The property’s 2007 construction is newer than much of the nearby housing stock, where the average construction year trends early-1940s. For investors, this typically translates to a more competitive offering versus older comparables, though mid-life systems and common areas should still be evaluated for targeted upgrades to support rent positioning.
Neighborhood-level occupancy trails national norms, indicating that operators should plan for proactive leasing and marketing. At the same time, within a 3-mile radius, the renter-occupied share is a majority, supporting depth of tenant demand for multifamily. Home values in the neighborhood benchmark below national medians, which can introduce some competition from ownership options; however, this also supports workforce housing demand and can bolster lease-up velocity for well-managed assets.
Within 3 miles, demographics show population growth over the last five years and a notable increase in households, with forecasts pointing to further household gains and smaller average household sizes by 2028. For multifamily, more households and a shifting mix toward smaller households generally expand the renter pool and can support occupancy stability and pricing, provided affordability is managed effectively.
Safety indicators for this neighborhood compare less favorably than many of the 561 Fort Worth–Arlington–Grapevine metro neighborhoods, reflecting higher crime levels relative to regional and national benchmarks. National percentile readings place the area toward the lower end of safety compared with neighborhoods nationwide.
Recent trend data show year-over-year declines in both property and violent offense estimates, suggesting some directional improvement. Investors typically account for this by emphasizing on-site security measures, lighting, and community standards, as well as underwriting to reflect market-appropriate concessions or marketing efforts where perception may influence leasing velocity.
Proximity to varied employers supports a broad workforce renter base and commute convenience, including homebuilding, industrial manufacturing, beverage packaging, airlines, and pharmacy benefit management.
- D.R. Horton — homebuilding (1.4 miles) — HQ
- Parker Hannifin Corporation — industrial manufacturing (4.7 miles)
- Ball Metal Beverage Packaging — beverage packaging (6.0 miles)
- American Airlines Group — airlines (17.1 miles) — HQ
- Express Scripts — pharmacy benefit management (17.5 miles)
This 24-unit asset offers newer-vintage positioning (built 2007) relative to much of the surrounding stock, which can enhance competitiveness against older alternatives while keeping capital needs focused on mid-life systems and selective common-area updates. Within a 3-mile radius, population and household growth—paired with a majority renter-occupied tenure mix—points to a larger tenant base and supports occupancy stability as leasing strategies target workforce renters. According to CRE market data from WDSuite, neighborhood amenities skew stronger for groceries, restaurants, and parks, which can aid retention even as overall neighborhood occupancy runs below national norms.
Forward-looking demographics indicate continued household growth and smaller household sizes by 2028, factors that typically expand the pool of renters. Key underwriting considerations include affordability pressure relative to incomes and crime perceptions that may influence marketing and on-site management practices. Executed well, upgraded operations and targeted value-add can position the asset to capture demand from nearby employment centers and households seeking accessible rental options.
- Newer 2007 vintage versus older neighborhood stock, with mid-life capex planning rather than full repositioning.
- Expanding renter pool within 3 miles as households grow and average household size trends lower.
- Amenity strength in groceries, restaurants, and parks supports leasing and retention.
- Workforce demand supported by nearby employers across homebuilding, industrial, packaging, airlines, and healthcare services.
- Risks: neighborhood safety compares less favorably to metro norms and affordability pressure may affect pricing power—underwrite to targeted concessions and enhanced on-site management.