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    Updated Duplex Near Downtown Fort Title is generated by Realmo AI

    4000 Fair Park Boulevard, Fort Worth, TX 76115

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    For Sale
    $330,000

    Duplex - Fort Worth, TX

    Type:Duplex
    Property size:
    1,400 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $235/SF
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 11:06 pm

    Property Features for 4000 Fair Park Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Parking
    4
    Parking features
    Driveway
    Interior features
    Cable Tv Available, Eat-in Kitchen, Flat Screen Wiring, Open Floorplan, Pantry
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    00918393
    Size
    1,400 SF
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment, Heat Pump

    Building Details

    Year built
    1984
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Erin Brakke

    Listing agent Erin Brakke License #0735096

    Listing office Country 'N' City Realty, LLC 6305 Wesley St 8302, Rowlett, TX

    Listing date May 26, 2026

    MLS# 21232146 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

    • Turnkey income property with one unit already leased for $1965/month through March 2027, providing immediate rental income.
    • Fully renovated in 2024‑2025 with updated plumbing, lighting, cabinets, countertops, appliances, and new HVAC, windows, roof, and water heaters.
    • Vacant unit provides flexibility for owner‑occupancy or immediate rental to maximize income potential.
    • Located just 10 minutes from Downtown Fort Worth and 5 miles from TCU, offering convenient access to amenities and employment centers.
    • Each unit includes essential appliances: refrigerator, washer, and dryer (stainless steel in 2025), plus no carpet throughout.
    • Quiet neighborhood backing up to open fields, with schools, parks, and La Gran Plaza de Fort Worth within close proximity.

    Overview

    Located approximately 10 minutes south of Downtown Fort Worth and 5 miles from TCU, this updated duplex features two 2-bedroom, 1-bath units, totaling nearly 1,400 sq. ft. Situated on a 0.144-acre lot, one unit is currently leased for $1965 through March 2027, providing immediate rental income. The other unit is vacant. Renovations completed between 2024 and 2025 include updated plumbing, lighting, cabinets, hardware, fixtures, and quartz countertops. Brand-new tubs, windows, HVAC systems, water heaters, thermostats, and outlets have been installed. Each unit features flooring throughout with no carpet, a new roof with 50-year architectural shingles, fresh sod, and new fencing. Both sides include a refrigerator, washer, and dryer, with stainless steel appliances installed in 2025. Backing up to open fields in a quiet neighborhood, the property is also minutes from La Gran Plaza de Fort Worth, with schools and parks within walking distance. This property is an ideal opportunity for investors looking for a turnkey income property.

    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
    1,400 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $350.2K
    $306.4K – $408.5K (±1% cap)
    NOI $24,511 @ 7.0% cap · market cap 7.43%
    Second Best
    Apartment 5plus
    $304.1K
    $266.1K – $354.8K (±1% cap)
    NOI $21,288 @ 7.0% cap · market cap 6.45%
    Theoretical Best
    Office A
    $508.6K
    $445.0K – $593.3K (±1% cap)
    NOI $35,599 @ 7.0% cap · market cap 10.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.314307
    Latitude
    32.690105

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    FAQs

    What type of property is this?
    Duplex - Updated duplex near downtown Fort Worth with immediate rental income.
    Where is this duplex located?
    The property is located at 4000 Fair Park Boulevard Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Turnkey income property with one unit already leased for $1965/month through March 2027, providing immediate rental income.; **Fully renovated in 2024‑2025 with updated plumbing, lighting, cabinets, countertops, appliances, and new HVAC, windows, roof, and water heaters.**; Vacant unit provides flexibility for owner‑occupancy or immediate rental to maximize income potential.
    (903) 458-9911
    We can help!
    Listing Contact
    Erin Brakke
    Real Estate License ID: 0735096
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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