| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7832 Chapin Rd, Fort Worth, TX, 76116, US |
| Region / Metro | Fort Worth |
| Year of Construction | 1998 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7832 Chapin Rd, Fort Worth Multifamily Opportunity
Renter concentration is strong in the surrounding neighborhood, supporting a deeper tenant base, while rent-to-income near the high-20s indicates manageable affordability and potential retention, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Fort Worth with a B neighborhood rating and a rank of 257 out of 561 metro neighborhoods — above the metro median. Local retail and daily-needs access are a relative strength: grocery availability ranks in the top decile nationally and restaurants are also competitive, while parks access trends above average. Cafés and pharmacies are thinner nearby, which may modestly impact walkable convenience.
Multifamily fundamentals are supported by a high share of renter-occupied housing units in the neighborhood (renter concentration) measured at the neighborhood level, indicating deeper demand for apartments and potential leasing resilience. Reported occupancy at the neighborhood level has softened compared with stronger submarkets, so operators should plan for active leasing and renewals to maintain stability.
Within a 3-mile radius, population and household counts have risen over the past five years, with additional household growth projected over the next five, pointing to a larger tenant base and continued renter pool expansion. Household sizes are edging smaller in the area, which can support demand for studios and smaller floor plans and aid lease-up velocity for efficiently sized units.
Ownership costs in the neighborhood context are elevated relative to local incomes (value-to-income levels sit in a higher national percentile), which tends to reinforce reliance on rental options and can support pricing power for well-managed assets. The average neighborhood building vintage is 1981, while this asset was built in 1998, offering comparatively newer stock that may compete well against older properties, though selective system updates or modernization may still be prudent to strengthen positioning.
Safety trends should be evaluated carefully. The neighborhood’s crime rank is 330 out of 561 Fort Worth-area neighborhoods, indicating below-metro-average safety, and national comparisons place it below the median. That said, recent directionality is constructive: estimated property offenses declined by roughly 24% and violent offenses by about 12% over the past year, suggesting improvement momentum. Investors may wish to underwrite enhanced lighting, access controls, and active management to support resident comfort and retention.
- Parker Hannifin Corporation — industrial manufacturing (4.4 miles)
- D.R. Horton — homebuilding (7.5 miles) — HQ
- Ball Metal Beverage Packaging — beverage packaging (9.2 miles)
- American Airlines Group — airline holding company (24.5 miles) — HQ
- Gamestop — video game retail (24.7 miles) — HQ
Nearby employment nodes span industrial manufacturing, homebuilding, beverage packaging, and major corporate headquarters, supporting workforce housing demand and commute convenience for residents.
This 45-unit asset, built in 1998, is comparatively newer than the area’s average vintage and can compete favorably against older stock with targeted upgrades. Investor positioning benefits from a high neighborhood renter concentration, strong grocery and everyday retail access, and expanding household counts within a 3-mile radius — factors that support tenant demand and occupancy stability. Based on CRE market data from WDSuite, ownership costs remain elevated relative to incomes locally, which tends to sustain reliance on multifamily product and supports disciplined rent management.
Key considerations include neighborhood-level occupancy that has trended softer than stronger submarkets and safety metrics that sit below metro averages, though recent year-over-year offense declines are constructive. Focused operations — marketing, renewals, and practical security enhancements — can help mitigate these factors while capturing demand from nearby employment centers.
- High renter concentration at the neighborhood level underpins demand and supports leasing durability.
- 1998 vintage offers competitive positioning versus older area stock, with selective modernization potential.
- 3-mile household growth and smaller average household sizes expand the tenant base for efficient units.
- Elevated ownership costs versus incomes locally reinforce reliance on rental housing and pricing discipline.
- Risks: below-metro-average safety and softer neighborhood occupancy; mitigate via active leasing and property security.