Updated Two-Unit
For Sale
$595,000
4704 Pershing Avenue, Fort Worth, TX 76107
ResidentialIncome, Fort Worth, TX
Property Size3,350 SF
Lot Size0.20 Acres
Price / SF$177.61
Days on Market26
Property Features for 4704 Pershing Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Parking
2
Parking features
Carport
Window features
Skylight(s)
Patio and Porch features
Deck
Interior features
DecorativeDesignerLightingFixtures, HighSpeedInternet, KitchenIsland, OpenFloorplan, CableTv
Fireplace
1
Appliances
Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator
Subdivision
Marks Henry Sub
Elementary school
Southhimou
Middle school
Stripling
High school
Arlington Heights
Elementary school district
Fort Worth ISD
Middle school district
Fort Worth ISD
High school district
Fort Worth ISD
Directions
GPS will take you directly to the house.
Standard status
Active
APN
01634070
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
MARKS, HENRY SUBDIVISION LOT 20
Tax Annual Amount
16339
Legal Description
MARKS, HENRY SUBDIVISION LOT 20
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
covered porch
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
SimpliHOM
(855) 856-9466
Listed By:
Nathan McDaniel
(855) 856-9466
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 30 at 5:06AM
MLS# 21350034
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.
This duplex contains 3,350 square feet of living area across two units on an 8,856-square-foot lot. The larger residence is approximately 2,200 square feet with two bedrooms and two full bathrooms; it occupies one level and was updated in 2019. The approximately 1,100-square-foot second unit includes one bedroom and one full bathroom, with its bedroom located upstairs. Together, the units provide three bedrooms and three full bathrooms.
Built in 1976, the property has brick construction, central electric heating and cooling, public water and sewer, a composition roof, and a covered porch area. A two-car carport provides sheltered parking. The current tenant is month to month, allowing for either continued rental use or owner occupancy. The property is located in Fort Worth’s Arlington Heights area, near shops, dining, and downtown Fort Worth, and is zoned to Fort Worth ISD.
Built in 1976, the property has brick construction, central electric heating and cooling, public water and sewer, a composition roof, and a covered porch area. A two-car carport provides sheltered parking. The current tenant is month to month, allowing for either continued rental use or owner occupancy. The property is located in Fort Worth’s Arlington Heights area, near shops, dining, and downtown Fort Worth, and is zoned to Fort Worth ISD.
Key Highlights
- 3,350 square feet of living area across two units
- 8,856‑square‑foot lot in Fort Worth’s Arlington Heights area
- Unit A: approximately 2,200 square feet, 2 bedrooms, 2 full bathrooms; updated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,018,800
$1.0M
Cap Rate 7%
$727,714
$727.7K
Cap Rate 9%
$566,000
$566.0K
Market Conditions
NOI Build-Up for 3,350 SF
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.
Gross rent
$103.7K $30.96/SF
− Vacancy
−$11.1K −$3.31/SF
EGI
$92.6K $27.65/SF
− OpEx
−$41.7K −$12.44/SF
NOI
$50.9K $15.21/SF
Area
Fort Worth, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,018,800
Cap Rate 7%
$727,714
Cap Rate 9%
$566,000
Alternative Uses
Best Use
Multifamily LT 5
$837.9K
$733.2K – $977.5K
NOI $58,652 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$727.7K
$636.8K – $849.0K
NOI $50,940 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,184 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 76107, TX
31,591
Population
17,957
Households
1.8
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
10.7 sq mi
ZIP Area
2,952
Density / Sq Mi
$79,473
Median Household Income
$54,461
Median Earnings
$1,501
Median Rent
$431,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fort Worth duplex with flexible occupancy, central systems, covered outdoor space, and a two-car carport.
Where is this duplex located?
The property is located at 4704 Pershing Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,350 square feet of living area across two units; 8,856‑square‑foot lot in Fort Worth’s Arlington Heights area; Unit A: approximately 2,200 square feet, 2 bedrooms, 2 full bathrooms; updated in 2019
