$1,425,000
$300K PRICE DROP

Estimated payment $8,827/month

Total Views 7,094
17 Beds
9 Baths
7,196 Sq Ft
$198 Price per Sq Ft

Highlights

  • 1.1 Acre Lot
  • Open Floorplan
  • Lawn
  • Creekview Middle School Rated A
  • Corner Lot
  • 2 Car Attached Garage

About This Home

Great investment opportunity for a stabilized multifamily asset located in the high-growth corridor of Northwest Fort Worth. The property features 9 units with 4 buildings, offering a diverse mix of 1, 2, and 3 bedroom layouts. With a total building area of 7,196 sf situated on 1.1 acres, the asset combines spacious unit designs with operational efficiency. Strong surrounding residential demand and excellent access to major highways including I-35W, I-820. The location is further enhanced by proximity to Alliance Airport, major industrial employers, and an expanding array of retail and dining options. With favorable demographic trends and a resilient rental market, this property represents a prime opportunity for investors seeking long-term stability in the DFW Metroplex.

Listing Agent

Heather Konopka

Heather S Konopka Brokerage Phone: 817-715-1932 License #0453672 Listed on: 06/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,612

Year Built

  • Built in 1985

Lot Details

  • 1.1 Acre Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Aluminum or Metal Fence
  • Corner Lot
  • Level Lot
  • Few Trees
  • Lawn
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Additional Parking

Home Design

  • Duplex
  • Combination Foundation
  • Composition Roof

Interior Spaces

  • 7,196 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Laminate Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Storage

Schools

  • Elkins Elementary School
  • Boswell High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / D
  • Assessor Parcel Number 01538446

Community Details

Overview

  • 9 Units
  • 7,196 Sq Ft Building
  • Lake Crest Est #1 & 2 Addition Subdivision

Building Details

  • Gross Income $138,900
  • Net Operating Income $103,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,612

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • OWNERNAME: See Public Records
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Attribution Contact: 817-715-1932
  • CapRate: 7.27
  • Co List Office Mls Id: KONP01
  • Special Features: VirtualTour
  • Year Built: 1985

Interior Features

  • Square Footage: 7196.0
  • Interior Amenities: Kitchen Island, Open Floorplan, Cable TV
  • Flooring: Laminate, Other
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Washer
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 9
  • Total Bedrooms: 17

Exterior Features

  • Foundation: Combination
  • Fencing: Chain Link, Metal, Partial
  • Roof: Composition
  • Construction Materials: Rock, Stone
  • Exterior Features: Storage
  • Pool Features: None
  • Waterfront: No
  • RoadSurfaceType: Gravel

Garage/Parking

  • Cooling System: Central Air, Window Unit(s)
  • Garage Spaces: 2.0
  • Total Covered Spaces: 2.0
  • Parking Features: Additional Parking
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

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

Schools

  • Elementary School: Elkins
  • High School: Boswell
  • Junior High Dist: Eagle MT-Saginaw ISD

Lot Info

  • Lot Features: Back Yard, Corner Lot, Lawn, Level, Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 1.1
  • Parcel Number: 01538446
  • Lot Size Acres: 1.1
  • Lot Size Sq Ft: 47916.0

Building Info

  • Year Built: 1985
  • Units Total: 9

Multi Family

  • Insurance Expense: 9727.0
  • Annual Gross Income: 138900.0
  • Property Net Operating Income: 103556.0

Tax Info

  • TaxBlock: D
  • Tax Lot: 2
  • Tax Annual Amount: 15612.0

MLS Schools

  • MiddleOrJuniorSchool: Creekview

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
2025 $5,261 $186,946 $44,316 $142,630
2024 $5,261 $219,156 $45,000 $174,156
2023 $5,402 $223,141 $45,000 $178,141
2022 $5,560 $204,000 $44,112 $159,888
2021 $4,476 $158,025 $45,000 $113,025
2020 $1,278 $44,779 $20,000 $24,779
2019 $1,307 $44,779 $20,000 $24,779
2018 $1,294 $44,336 $20,000 $24,336
2017 $1,544 $51,433 $20,000 $31,433
2016 $1,298 $43,233 $20,000 $23,233
2015 $1,700 $54,200 $19,990 $34,210
2014 $1,700 $56,000 $19,990 $36,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 Price Changed $1,425,000 -4.4% $198 / Sq Ft
08/21/2025 08/21/25 For Sale $1,490,000 0.0% $207 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
07/08/2025 07/08/25 Price Changed $1,490,000 -13.6% $207 / Sq Ft
06/03/2025 06/03/25 For Sale $1,725,000 -- $240 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Vendors Lien -- Fidelity National
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 New Conventional
Previous Owner $60,000 Seller Take Back
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20956308

North Texas Real Estate Information Systems (NTREIS)

APN: 01538446