| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 47th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3325 Willowcrest Dr, North Richland Hills, TX, 76117, US |
| Region / Metro | North Richland Hills |
| Year of Construction | 1974 |
| Units | 112 |
| Transaction Date | 1994-03-30 |
| Transaction Price | $102,500 |
| Buyer | LEMONS LARRY A |
| Seller | ISHAM PAUL C |
3325 Willowcrest Dr North Richland Hills Multifamily Investment
Positioned in an inner-suburb pocket with steady renter demand, the neighborhood’s occupancy has held near the national midpoint, according to CRE market data from WDSuite. For investors, this points to durable leasing fundamentals at the neighborhood level rather than property-specific performance.
Located in the Fort Worth–Arlington–Grapevine metro, this inner-suburb neighborhood carries a B- rating and ranks above the metro median (320 of 561) for overall performance. Neighborhood occupancy trends sit around the national midpoint, supporting income stability for comparable assets in the area.
Livability drivers are mixed but investable: park access tracks in the top quartile nationally, and restaurant density is above national averages. Everyday retail like grocery and pharmacy options are thinner within the immediate footprint, implying residents typically make short drives for essentials—common in inner-suburban North Texas. Average school ratings are not available in this dataset, so investors should underwrite education-sensitive demand with local diligence.
Tenure patterns indicate a meaningful share of housing units are renter-occupied, supporting depth in the tenant base. Within a 3-mile radius, the past five years show growth in households and incomes, pointing to a larger tenant base and improving rent coverage. Looking ahead, households are projected to continue increasing while average household size declines, which can support multifamily absorption and occupancy stability.
Relative housing costs are more accessible than many coastal markets, and neighborhood rent-to-income skews on the lower side nationally. That combination can bolster retention while introducing some competition from entry-level ownership options—a trade-off to reflect in pricing power and renewal strategies.
Neighborhood indicators point to comparatively favorable safety relative to much of the metro and above the national average, according to WDSuite. The area ranks near the front of the pack among 561 metro neighborhoods, and recent trends show declines in both violent and property offenses at the neighborhood level. These are broad neighborhood measures rather than block-level conditions.
Investors should pair these comparative readings with on-the-ground observations and operational practices, recognizing that conditions can vary within small areas and over time.
Proximity to diversified employers strengthens the renter pool and supports leasing stability, with commutable access to homebuilding, manufacturing, consumer retail, beverage packaging, and airline corporate offices.
- D.R. Horton — homebuilding (5.8 miles) — HQ
- Parker Hannifin Corporation — motion & control manufacturing (9.1 miles)
- Gamestop — video game retail (11.6 miles) — HQ
- Ball Metal Beverage Packaging — beverage packaging (11.7 miles)
- American Airlines Group — airline corporate offices (11.9 miles) — HQ
This North Richland Hills location benefits from a stable renter base, neighborhood occupancy near the national midpoint, and access to major employment nodes across the Fort Worth–Arlington corridor. Household growth within a 3-mile radius and rising incomes expand the renter pool, supporting demand stability and lease retention. Affordability metrics suggest manageable rent-to-income pressure, which can sustain collections while moderating near-term pricing power.
At the same time, relatively accessible ownership options in the area and thinner immediate retail amenities warrant conservative underwriting on rent growth and renewal assumptions. Overall, according to commercial real estate analysis from WDSuite, the submarket’s fundamentals support a durable, cash-flow-oriented strategy with selective value optimization.
- Neighborhood occupancy sits around national mid-levels, supporting income stability for comparable assets.
- 3-mile household and income growth point to a larger tenant base and sustained multifamily demand.
- Lower rent-to-income positioning supports retention and collections, with measured room for rent optimization.
- Risks: competition from entry-level ownership options and thinner immediate retail amenities may temper pricing power.