$399,000
$26K PRICE DROP

3232 Merida Ave Fort Worth, TX 76109

Bluebonnet Neighborhood

Estimated payment $2,656/month

Total Views 13,599
2 Beds
2 Baths
1,286 Sq Ft
$310 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Walk-In Closet
  • Luxury Vinyl Plank Tile Flooring
  • Tandem Parking
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

Great investment opportunity in the immediate vicinity of TCU. The building is currently a 1 Bed and 1 Bath duplex on each side, with separate back yards, water, and electric meters. Endless potential to improve the current property, add on to the existing duplex (grandfathered), or redevelopment in the current A-5 zoning. Current leases are $1425 month and expire 04&07, 2026.. P

Listing Agent

Jonathan Minerick

HomeCoin.com Brokerage Phone: 888-400-2513 License #0799871 Listed on: 04/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,977

Year Built

  • Built in 1984

Parking

  • Tandem Parking

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,286 Sq Ft Home
  • 1-Story Property
  • Luxury Vinyl Plank Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

  • Westpark Elementary School
  • Paschal High School

Utilities

  • Central Heating and Cooling System
  • Overhead Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 6,273 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 16 / 11
  • Assessor Parcel Number 00392189

Community Details

Overview

  • 1,286 Sq Ft Building
  • Byers & Mccart Add Subdivision

Building Details

  • Gross Income $31,500
  • Net Operating Income $10,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,977

Year Built

Built in 1984

Lot Details

0

Listing Details

  • OWNERNAME: Frog Holdings, LLC
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 888-400-2513
  • CapRate: 2.7
  • Co List Office Mls Id: HCAR01
  • Special Features: VirtualTour
  • Year Built: 1984

Interior Features

  • Square Footage: 1286.0
  • Interior Amenities: High Speed Internet, Cable TV, Walk-In Closet(s)
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Slab
  • Community Features: Curbs
  • Roof: Composition
  • Construction Materials: Frame
  • Pool Features: None
  • Patio And Porch Features: Rear Porch, Covered, Front Porch

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Tandem
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Electricity Connected, Overhead Utilities, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Westpark
  • High School: Paschal
  • Junior High Dist: Fort Worth ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.144
  • Parcel Number: 00392189
  • Lot Size Acres: 0.144
  • Lot Size Sq Ft: 6272.64

Building Info

  • Year Built: 1984
  • Units Total: 2
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 1354.0
  • Annual Gross Income: 31500.0
  • Property Net Operating Income: 10776.0

Tax Info

  • TaxBlock: 11
  • Tax Lot: 16
  • Tax Annual Amount: 5977.0

MLS Schools

  • MiddleOrJuniorSchool: Mclean

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 $6,472 $266,355 $125,000 $141,355
2023 $6,472 $286,000 $168,750 $117,250
2022 $5,199 $200,000 $110,000 $90,000
2021 $5,249 $191,332 $110,000 $81,332
2020 $5,112 $193,155 $110,000 $83,155
2019 $5,736 $208,500 $110,000 $98,500
2018 $4,830 $175,564 $110,000 $65,564
2017 $4,974 $175,564 $110,000 $65,564
2016 $4,188 $147,824 $110,000 $37,824
2015 $3,202 $112,800 $52,000 $60,800
2014 $3,202 $112,800 $52,000 $60,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $399,000 -6.1% $310 / Sq Ft
04/09/2025 04/09/25 For Sale $425,000 -- $330 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Vendors Lien -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $39,949 Unknown
Closed $9,675 Unknown
Closed $44,700 No Value Available
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20893543

North Texas Real Estate Information Systems (NTREIS)

APN: 00392189

Texas Tarrant County Fort Worth 76109 Bluebonnet

3232 Merida Ave, Fort Worth, TX

This home is located at 3232 Merida Ave, Fort Worth, TX 76109 and is currently priced at $399,000, approximately $310 per square foot. This property was built in 1984. 3232 Merida Ave is a home located in Tarrant County with nearby schools including Lily B Clayton Elementary School, McLean 6th Grade Center, and Mclean Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Jonathan Minerick
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Jonathan Minerick
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HomeCoin.com
(888) 400-2513