Well-Maintained Multifamily Community in Fort
For Sale
$12,500,000
400 Ralph St, Fort Worth, TX 76108
144-unit multifamily community in a growing Fort Worth location.
Days on Market60
Property Features for 400 Ralph St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Fort Worth Office
(817) 932-6134
Listed By:
Al Silva · License #License(s): TX: 520157-SA
(817) 932-6134
Source:
Marcusmillichap
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 30 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Worth Office
Investment Insights
Based on property information with market context.
Sky Landing is a 144-unit multifamily community located in Fort Worth, Texas. Situated on the edge of a single-family neighborhood with a median household income exceeding $65,000, the property is adjacent to the headquarters of Lockheed Martin and Joint Reserve Base/Naval Air Station. These facilities employ over 35,000 people and are major economic drivers in North Texas. Downtown Fort Worth is a short commute to the east. Constructed in 1968, the property consists of seven two-story buildings with brick veneer and siding exteriors, pitched composition roofs (2021-2022), and wood frames on pier and beam foundations. The property has undergone over $1.4 million in recent capital improvements, including new roofs and resurfaced parking lot, and updates to unit interiors. The property is master metered for electricity and is currently operated as “All Bills Paid”. Common areas include playgrounds, a dog park, sports courts, grilling areas, and an on-site laundry facility. The property is located in a growing rental market and offers the opportunity to increase NOI and value by improving rents and other income streams, such as implementing RUBS. The property currently has no marketing budget or expense and could capture significant additional qualified traffic through a thoughtful marketing strategy. The property is 6.71 acres.
Key Highlights
- Well‑maintained 144‑unit multifamily community in a rapidly growing rental market.
- Strategic location adjacent to Lockheed Martin and Joint Reserve Base/Naval Air Station, major economic drivers.
- Significant recent capital improvements (over $1.4MM) including new roofs and parking lot resurfacing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 144-unit multifamily community in a growing Fort Worth location.
Where is this apartment building located?
The property is located at 400 Ralph St Fort Worth, TX.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Well‑maintained 144‑unit multifamily community in a rapidly growing rental market.; Strategic location adjacent to Lockheed Martin and Joint Reserve Base/Naval Air Station, major economic drivers.; Significant recent capital improvements (over $1.4MM) including new roofs and parking lot resurfacing.
