Duplex in Opportunity
1728 E Powell Avenue, Fort Worth, TX 76104
- Added:
- Jun 1, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 15 at 1:06 pm
Property Features for 1728 E Powell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4
- Parking
- 2
- Parking features
- Open, Driveway, Garage
- Interior features
- GraniteCounters
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal
- Standard status
- Pending
- APN
- 00181064
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- BELMONT ADDITION BLOCK 12 LOT 8
- Tax Annual Amount
- 9311
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- FiberCement
- Roof type
- Composition
Listing agent Levi Mills License #0663266 (817) 881-1280
Listing office Prime Properties Realty North Richland Hills, TX (817) 818-9160
Listing date Jun 1, 2026
MLS# 21250473
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
- Duplex under construction (2026) with investor‑focused financing tied to Fort Worth Opportunity Zone and seller‑paid rate buy‑down to 4.99% on a 30‑year fixed loan.
- 2‑bed, 1.5‑bath units with 1‑car attached garage; 929 SF per side.
- Public utilities: public water and public sewer.
- Central air and electric heating; electric water heater.
- Granite countertops and dishwasher; vinyl flooring throughout.
- Fiber cement exterior with composition roof; driveway and open parking plus attached garage.
Overview
This duplex offers a practical, tenant-friendly configuration with two bedrooms and 1.5 bathrooms per unit, along with a 1-car attached garage. Each side is listed at 929 square feet and is designed for straightforward, consistent occupancy. The offering also highlights an opportunity for value-add and development progress, with previously approved permits included as part of the package.
Positioned in Fort Worth’s Opportunity Zone, the property is described as being just minutes from downtown Fort Worth and the Hospital District, with convenient access to I-35, I-30, I-20, and Hwy 287. The seller’s remarks also note that the duplex is part of a small portfolio, where development was paused pending city completion of street and utility infrastructure, which is now nearing completion.
For investors seeking workforce-housing appeal and long-term appreciation, this duplex fits well as an income-producing asset with documented development groundwork. It may also appeal to operators looking to scale, as there are three duplexes available within the portfolio, providing flexibility for buyers considering expansion in the same high-growth corridor. The listing further mentions below-market financing support, including a seller-paid rate buy-down to 4.99% on a 30-year fixed loan through the preferred lender.
Positioned in Fort Worth’s Opportunity Zone, the property is described as being just minutes from downtown Fort Worth and the Hospital District, with convenient access to I-35, I-30, I-20, and Hwy 287. The seller’s remarks also note that the duplex is part of a small portfolio, where development was paused pending city completion of street and utility infrastructure, which is now nearing completion.
For investors seeking workforce-housing appeal and long-term appreciation, this duplex fits well as an income-producing asset with documented development groundwork. It may also appeal to operators looking to scale, as there are three duplexes available within the portfolio, providing flexibility for buyers considering expansion in the same high-growth corridor. The listing further mentions below-market financing support, including a seller-paid rate buy-down to 4.99% on a 30-year fixed loan through the preferred lender.
Local Financial Insights For Apartment 5plus
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 | $57.5k | $30.96 |
| − Vacancy | −$6.2k | −$3.31 |
| EGI | $51.4k | $27.65 |
| − OpEx | −$23.1k | −$12.44 |
| NOI | $28.3k | $15.21 |
1,858 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$403.6K
$353.2K – $470.9K
NOI $28,253 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$674.9K
$590.6K – $787.4K
NOI $47,245 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.30185
- Latitude
- 32.718761
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Duplex with attached garages and value-add development potential in an Opportunity Zone with portfolio scaling upside.
Where is this multifamily property located?
The property is located at 1728 E Powell Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Duplex under construction (2026) with investor‑focused financing tied to Fort Worth Opportunity Zone and seller‑paid rate buy‑down to 4.99% on a 30‑year fixed loan.; 2‑bed, 1.5‑bath units with 1‑car attached garage; 929 SF per side.; Public utilities: public water and public sewer.
