| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 70th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 S Jennings Ave, Fort Worth, TX, 76104, US |
| Region / Metro | Fort Worth |
| Year of Construction | 2008 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
800 S Jennings Ave Fort Worth Multifamily Investment
Neighborhood renter concentration is high, supporting a deeper tenant base, while occupancy levels at the neighborhood scale suggest a need for active lease management, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Fort Worth that rates highly within the metro (A; rank 63 of 561 neighborhoods), placing it in the top quartile locally. Amenity access is a core strength: cafes and restaurants rank among the metros stronger clusters (both competitive at rank 21 of 561), with groceries (rank 51 of 561) and pharmacies (rank 8 of 561) adding day-to-day convenience. Limited dedicated park space and childcare options in the immediate neighborhood are trade-offs investors should note.
At the neighborhood level, renter-occupied housing is prevalent (high renter concentration), which generally supports multifamily demand depth and leasing velocity. However, neighborhood occupancy is below metro norms, indicating that operators may need to emphasize retention, targeted marketing, and product differentiation to sustain stability.
Within a 3-mile radius, demographics indicate a growing population and a faster increase in households, pointing to a larger tenant base over time. Household sizes are trending smaller, which can support demand for well-designed mid-size units and flexible floor plans. Median household incomes have increased over the last five years, improving the pool of qualified renters.
Home values in the neighborhood are elevated relative to incomes (value-to-income ratio in the upper tier nationally), creating a high-cost ownership market that tends to reinforce reliance on rental housing. For investors, this can translate into steadier renter demand and potential pricing power, tempered by the need to monitor rent-to-income levels for retention risk.
Vintage also supports competitive positioning: the average neighborhood construction year skews older (1950s), while this asset was built in 2008. Newer construction relative to the local stock can reduce near-term capital exposure and help the property compete against legacy inventory, while still planning for system updates typical of mid-2000s assets.
Safety conditions should be evaluated carefully. Compared with other Fort Worth neighborhoods, the area ranks below the metro average for safety (crime rank 382 out of 561 neighborhoods), and national comparisons place it in lower percentiles for both property and violent offenses. Recent trends show improvement, with property offenses down year over year and a modest decline in violent incidents, suggesting directional progress that investors can track over subsequent periods.
For underwriting and operations, this profile favors visible on-site management, lighting and access controls, and resident engagement. Framing the assets relative newness and amenity access can help support leasing and retention while monitoring neighborhood trendlines.
Nearby corporate employment anchors span homebuilding, industrial components, beverage packaging, airlines, and pharmacy benefit management, supporting a diverse commuter base and renter demand tied to established employers.
- D.R. Horton homebuilding (1.4 miles) HQ
- Parker Hannifin Corporation industrial components (4.4 miles)
- Ball Metal Beverage Packaging beverage packaging (6.1 miles)
- American Airlines Group airline HQ & corporate (17.4 miles) HQ
- Express Scripts pharmacy benefit management (17.9 miles)
Built in 2008 with a 32-unit footprint, the asset is newer than much of the surrounding neighborhood stock and benefits from proximity to strong daily-needs and food-and-beverage nodes. The neighborhood shows a high share of renter-occupied units, pointing to durable multifamily demand; at the same time, neighborhood occupancy trends below metro norms call for attentive operations and differentiated positioning. According to CRE market data from WDSuite, ownership costs in the area are comparatively high versus incomes, which can sustain renter reliance on multifamily housing while emphasizing prudent rent-to-income management.
Within a 3-mile radius, population growth and a faster rise in households point to a larger tenant base over the medium term. The propertys relatively modern vintage and spacious average unit sizes around 1,075 square feet can help with retention against older competition, while investors should plan for mid-cycle system updates typical of assets from this era and consider safety perceptions in marketing and resident experience.
- Newer 2008 construction versus older neighborhood stock supports competitive positioning
- High neighborhood renter concentration deepens the tenant base and supports leasing
- Amenity-rich corridor near groceries, pharmacies, and dining underpins demand and retention
- Growing 3-mile population and households expand the renter pool over time
- Risks: below-metro neighborhood occupancy and safety perceptions require active management