$550,000
UNDER CONTRACT

Estimated payment $3,237/month

Total Views 6,919
8 Beds
4 Baths
2,898 Sq Ft
$190 Price per Sq Ft

Highlights

  • Tile Flooring
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

Fantastic opportunity to own an income producing quadplex. Fully occupied and the most recent lease is $1,275 providing a profitable proof of concept. Both duplexes to be sold as a package for $550,000 total. Each of the 4, two bedroom units has a well laid out floor plan with the living room opening up into the kitchen, good sized bedrooms and updates such as LVP flooring and newer roof replaced in 2022. Large concrete parking for tenant convenience. Located in the heart of Fort Worth close to downtown, food, transport and shopping. Both MLS #s are 20887324 & 20893344.

Listing Agent

Tyler Eidson

League Real Estate Brokerage Phone: 817-523-9113 License #0687092 Listed on: 04/08/2025

League Real Estate

Co-Listing Agent

Matt Lewis

League Real Estate Brokerage Phone: 817-523-9113 License #0502746

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,815

Year Built

  • Built in 1987

Parking

  • Additional Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Dolores Huerta Elementary School
  • Northside High School

Additional Features

  • 1-Story Property
  • 7,797 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 24 / 81
  • Assessor Parcel Number 02542900

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • 2,898 Sq Ft Building
  • Rosen Heights Second Filing Subdivision

Building Details

  • Gross Income $54,300
  • Net Operating Income $46,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,815

Year Built

Built in 1987

Lot Details

0

Listing Details

  • OWNERNAME: of record
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: One
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 817-523-9113
  • CapRate: 8.49
  • Co List Office Mls Id: WTMC00FW
  • Co List Office Phone: 817-523-9113
  • Co List Office Mls Id: WTMC00FW
  • Special Features: 4224
  • Year Built: 1987

Interior Features

  • Interior Amenities: Other
  • Flooring: Luxury Vinyl Plank, Tile
  • Appliances: Dishwasher, Electric Oven, Electric Range

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Foundation: Slab
  • Fencing: Other
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Additional Parking, Concrete

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Dolores Huerta
  • High School: Northside
  • Junior High Dist: Fort Worth ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.179
  • Parcel Number: 02542900
  • Lot Size Acres: 0.179
  • Lot Size Sq Ft: 7797.24

Building Info

  • Year Built: 1987
  • Units Total: 4

Multi Family

  • Insurance Expense: 3400.0
  • Annual Gross Income: 54300.0
  • Property Net Operating Income: 46700.0

Tax Info

  • TaxBlock: 81
  • Tax Lot: 24
  • Tax Annual Amount: 3815.0

MLS Schools

  • MiddleOrJuniorSchool: Kirkpatric

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,815 $170,000 $13,000 $157,000
2023 $3,432 $151,691 $13,000 $138,691
2022 $3,220 $123,855 $13,000 $110,855
2021 $3,292 $120,000 $13,000 $107,000
2020 $3,176 $120,000 $13,000 $107,000
2019 $3,080 $111,978 $13,000 $98,978
2018 $2,503 $91,000 $13,000 $78,000
2017 $2,578 $91,000 $13,000 $78,000
2016 $2,530 $89,297 $13,000 $76,297
2015 $2,120 $74,700 $13,120 $61,580
2014 $2,120 $74,700 $13,120 $61,580
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 For Sale $550,000 -- $190 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Deed -- Freedom Title
Special Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $156,500 New Conventional
Source: Public Records

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20896791

North Texas Real Estate Information Systems (NTREIS)

APN: 02542900