4000 Fair Park Boulevard Fort Worth, TX 76115
MULTI_FAMILY - Fort Worth, TX
Property Features for 4000 Fair Park Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Driveway
- Interior features
- EatInKitchen, OpenFloorplan, Pantry, CableTv, WiredForSound
- Fencing
- Fenced
- Appliances
- SomeGasAppliances, Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, IceMaker, Microwave, PlumbedForGas, Refrigerator, Washer
- Standard status
- Active
- APN
- 00918393
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- FAIRVIEW HEIGHTS ADDITION BLOCK 4 LOT 1 BLK 4
- Tax Annual Amount
- 3814
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central, Heat Pump (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Electric, ENERGY STAR Qualified Equipment, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing agent Erin Brakke License #0735096 (214) 729-5660
Listing office Country 'N' City Realty, LLC Rowlett, TX (903) 458-9911
Listing date Jul 9, 2026
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.
Investment Insights
Based on property information with market context.
The duplex is located just 10 minutes south of Downtown Fort Worth, about 5 miles from TCU, and minutes from La Gran Plaza de Fort Worth. The property backs up to open fields in a quiet neighborhood, and schools and parks are within walking distance.
For buyers seeking a straightforward residential income setup, one side is currently leased through March 2027 at $1,965, while the other side is rented month-to-month at $1,200. With one unit already leased and the other ready to occupy, the property offers flexibility for an owner who wants immediate income while managing occupancy on the remaining side.
Key Highlights
- Fully updated duplex with two 2‑bedroom, 1‑bath units totaling nearly 1,400 sq. ft.
- One side leased for $1,965 through March 2027; the other side rented month‑to‑month at $1,200.
- Renovations completed 2024–2025: plumbing, lighting, cabinets/hardware/fixtures, quartz countertops, and brand‑new tubs.
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 | $39.0k | $27.84 |
| − Vacancy | −$4.0k | −$2.83 |
| EGI | $35.0k | $25.01 |
| − OpEx | −$10.5k | −$7.50 |
| NOI | $24.5k | $17.51 |
