| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 18th | Poor |
| Amenities | 53rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5151 Broadway Ave, Haltom City, TX, 76117, US |
| Region / Metro | Haltom City |
| Year of Construction | 1985 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5151 Broadway Ave, Haltom City TX Multifamily Investment
Neighborhood renter concentration is elevated and occupancy has remained comparatively stable, according to WDSuite’s CRE market data, suggesting durable tenant demand for a 1985-vintage asset in this inner-suburban location.
Haltom City’s inner-suburban setting offers daily convenience more than lifestyle flair. Grocery and pharmacy access are competitive among Fort Worth-Arlington-Grapevine neighborhoods (ranks 155 and 102 out of 561, respectively), while restaurants are also competitive. By contrast, parks and cafés are limited locally, which can modestly cap walkable amenity appeal.
For multifamily investors, the neighborhood’s housing dynamics are supportive: the renter-occupied share of units sits in a higher national percentile, indicating a deeper tenant pool, and neighborhood occupancy is above the national median. Framed against metro peers, the area’s occupancy rank (257 of 561) points to steady leasing conditions that help underpin collections and retention.
Asset vintage matters here. The submarket’s average construction year skews older (1970 across the neighborhood set), and this property’s 1985 delivery provides relative competitiveness versus older stock while still warranting targeted capital planning for systems and interiors to sustain pricing power.
Demographics within a 3-mile radius show households have increased even as population dipped in recent years, implying smaller household sizes and a broader base of renter households. Forward-looking projections indicate population and household growth, which supports a larger tenant base over time. With home values elevated relative to incomes in the neighborhood (higher national percentile for value-to-income), ownership remains a higher-cost option, reinforcing reliance on rental housing. This context, paired with upward-trending contract rents in the area, warrants thoughtful lease management around affordability; these observations are grounded in commercial real estate analysis from WDSuite.
School ratings in the area track below national norms (average rating rank 228 of 561 metro neighborhoods), which can influence demand mix toward workforce and value-oriented renters rather than families prioritizing top-rated schools.
Safety indicators in the immediate neighborhood are below metro averages, with an overall crime rank of 446 out of 561 Fort Worth–Arlington–Grapevine neighborhoods. Nationally, the neighborhood sits in lower safety percentiles, particularly for property offenses (lower percentiles indicate less favorable safety). Recent one-year trends show increases in both violent and property offense estimates, underscoring the need for practical measures such as lighting, access control, and resident screening to support onsite stability.
Investors should evaluate block-level conditions and trend direction rather than single-year readings. Positioning the asset with appropriate security standards and community management can help mitigate the operational impact of these broader-area statistics.
The employment base surrounding Haltom City spans homebuilding, industrial components, consumer retail, and air travel, supporting a broad workforce renter pool and commute convenience to nearby corporate offices including D.R. Horton, Parker Hannifin, Ball Metal Beverage Packaging, GameStop, and American Airlines Group.
- D.R. Horton — homebuilding HQ (5.1 miles) — HQ
- Parker Hannifin Corporation — industrial components (8.1 miles)
- Ball Metal Beverage Packaging — packaging manufacturing (11.4 miles)
- Gamestop — retail & corporate operations (12.5 miles) — HQ
- American Airlines Group — airline corporate (12.9 miles) — HQ
5151 Broadway Ave offers a 1985-vintage, 68-unit footprint positioned in a renter-heavy inner suburb where neighborhood occupancy trends sit above the national median. Relative to the submarket’s older housing stock, the vintage provides competitive positioning, with clear value-add potential via targeted renovations and system upgrades. Based on CRE market data from WDSuite, the area’s renter concentration and steady occupancy support ongoing demand, while rising contract rents point to pricing potential balanced by tenant affordability management.
Within a 3-mile radius, household counts have expanded and are projected to grow further, indicating a larger tenant base even as average household size trends lower. Elevated ownership costs relative to incomes in the neighborhood context help sustain reliance on multifamily rentals, though below-average school ratings and area safety metrics warrant prudent underwriting and active property management.
- Renter-heavy neighborhood and above-median occupancy support stable lease-up and retention.
- 1985 delivery out-positions older local stock, with actionable value-add/CapEx pathways.
- Household growth within 3 miles and rising rents underpin long-run demand and NOI potential.
- High relative ownership costs reinforce renter reliance, aiding depth of tenant pool.
- Risks: below-average school ratings, lower safety percentiles, and affordability pressure require active management and disciplined underwriting.