Turnkey Fairmount Duplex with
1409 W Allen Avenue, Fort Worth, TX 76110
New
MULTI_FAMILY - Fort Worth, TX
Property size:
2,072 SFLot size:
0.05 AcresPrice / SF:
$265/SF- Added:
- Jun 1, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 4 at 1:06 am
Property Features for 1409 W Allen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3
- Parking features
- On Street, Garage
- Interior features
- Chandelier, DecorativeDesignerLightingFixtures, HighSpeedInternet, KitchenIsland
- Appliances
- Dishwasher, Disposal, Microwave
- Standard status
- Active
- APN
- 00912840
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- FAIRMOUNT ADDITION BLOCK 8 LOT 1 E40'1-2 BLK
- Tax Annual Amount
- 3958
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- WoodSiding
- Roof type
- Composition
Listing agent Jamey Ice License #0684550 (817) 239-1896
Listing office 6th Ave Homes Fort Worth, TX (817) 631-9803
Listing date Jun 1, 2026
MLS# 21280934
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1920 duplex in Historic Fairmount with 2 self‑contained units under one roof
- Each unit has ~1,036 SF with its own private entry, full kitchen, living room, and bedrooms
- Full 2018 designer renovation; exterior paint and updated siding in 2022; new water heater in 2024
- 2,072 total SF with 6 bedrooms and 3 bathrooms; interior Fairmount lot with on‑street parking
- Public utilities: public water and public sewer; individual electric meters
- Owner‑reported furnished‑rental income averages about $70,000/year and is tracking toward $80,000 in 2026 (income details on request)
Overview
Located two blocks off Magnolia Avenue in Historic Fairmount, this restored 1920 duplex offers two self-contained units under one roof. Each unit features a private entry, full kitchen, living room, and bedrooms, with designer touches throughout including wood floors, shiplap walls and ceilings, statement lighting, gas ranges, and built-ins. The property is centered by signature double-stacked covered porches running the full width of the home, including a balcony level and shaded gathering space below with cafe lights and mature tree cover.
Updates are documented and recent. The duplex underwent a full designer renovation in 2018, received exterior paint and updated siding in 2022, and has a new water heater (2024). Each unit also has its own electric meters, helping simplify utility management. The seller reports the home has averaged about $70,000 annually in furnished-rental income and is tracking toward about $80,000 in 2026 (owner-reported and available upon request). Buyer to verify square footage, schools, taxes, and income.
This turnkey property is well suited for a furnished-rental operator, a buyer seeking an owner-occupy and rent option, or anyone wanting a ready-to-go income asset in a walkable lifestyle pocket near Magnolia’s dining and entertainment, as well as minutes to TCU, the Cultural District, the Near Southside medical district, and the Stockyards. Fort Worth ISD schools listed are Lily B. Clayton Elementary, McLean Middle, and Paschal High. Furnishings and operating setup are available for an additional $25,000 under a separate bill of sale, with seller preference to sell turnkey.
Updates are documented and recent. The duplex underwent a full designer renovation in 2018, received exterior paint and updated siding in 2022, and has a new water heater (2024). Each unit also has its own electric meters, helping simplify utility management. The seller reports the home has averaged about $70,000 annually in furnished-rental income and is tracking toward about $80,000 in 2026 (owner-reported and available upon request). Buyer to verify square footage, schools, taxes, and income.
This turnkey property is well suited for a furnished-rental operator, a buyer seeking an owner-occupy and rent option, or anyone wanting a ready-to-go income asset in a walkable lifestyle pocket near Magnolia’s dining and entertainment, as well as minutes to TCU, the Cultural District, the Near Southside medical district, and the Stockyards. Fort Worth ISD schools listed are Lily B. Clayton Elementary, McLean Middle, and Paschal High. Furnishings and operating setup are available for an additional $25,000 under a separate bill of sale, with seller preference to sell turnkey.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $27.84 |
| − Vacancy | −$5.9k | −$2.83 |
| EGI | $51.8k | $25.01 |
| − OpEx | −$15.5k | −$7.50 |
| NOI | $36.3k | $17.51 |
2,072 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.2K
$453.5K – $604.6K
NOI $36,277 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$450.1K
$393.8K – $525.1K
NOI $31,507 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$752.7K
$658.6K – $878.1K
NOI $52,687 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Allen Upstairs · Fairmont ...
Bed & Breakfast
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3408
- Latitude
- 32.726456
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two self-contained units with private entries and furnished-rental setup, restored in 2018 for flexible owner-occupant or investor use.
Where is this duplex located?
The property is located at 1409 W Allen Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1920 duplex in Historic Fairmount with 2 self‑contained units under one roof; Each unit has ~1,036 SF with its own private entry, full kitchen, living room, and bedrooms; Full 2018 designer renovation; exterior paint and updated siding in 2022; new water heater in 2024
