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    Turnkey Duplex with Outdoor Space Title is generated by Realmo AI

    5011 Ledgestone Drive, Fort Worth, TX 76132

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    Claim this Listing
    For Sale
    $625,000

    MULTI_FAMILY - Fort Worth, TX

    Lot size:
    0.30 Acres
    Added:
    May 21, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 5011 Ledgestone Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    4
    Parking features
    Garage, On Street
    Patio and Porch features
    Patio, Porch
    Interior features
    GraniteCounters, HighSpeedInternet, CableTv
    Exterior features
    Courtyard, RainGutters
    Fireplace
    1
    Appliances
    Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater
    Standard status
    Active
    APN
    02098709
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    OVERTON SOUTH ADDITION BLOCK 6 LOT 13
    Tax Annual Amount
    9203

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1976
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Mark Philpot

    Listing agent Mark Philpot License #0686671

    Listing office League Real Estate Fort Worth, TX

    Listing date May 21, 2026

    MLS# 21224948 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

    • Full duplex with two units: 5009 and 5011, each featuring 2 bedrooms and 2 bathrooms
    • Each unit includes a 2‑car garage and additional storage, plus on‑street parking
    • Multiple outdoor spaces include a front courtyard, patio, and backyards for both units
    • Brick construction with a composition roof; year built 1976
    • Central heating and central air (electric); granite counters and tile/laminate/vinyl flooring
    • Utilities: public water and public sewer; electric water heater, electric oven/range, and dishwasher included

    Overview

    This sale offers a rare opportunity to own a full duplex with units at 5009 and 5011. Both residences are well maintained and set up as two-bedroom, two-bath homes designed for low-maintenance living. Each unit includes a two-car garage along with plenty of storage, and the outdoor areas are a major part of the appeal. The front courtyard, patio, and both units’ backyards provide multiple spaces for everyday use, with mature trees in both the front and back yards. On the 5011 side, the property also features trex fencing with turf.

    Located off Ledgestone Drive in Fort Worth, the property is described as having a great location, with outdoor space that supports both privacy and practical day-to-day living. The configuration is suited to owners looking for flexibility, including the possibility of adapting the office space for additional sleeping capacity.

    The duplex can fit a primary resident who wants rental income, or an investor seeking long-term tenants. With the property presented as turn-key and ready for new ownership, it offers a straightforward way to acquire two well-kept units while maintaining strong on-site livability through its outdoor amenities and functional garage/storage setup.
    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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.395607
    Latitude
    32.674736

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    FAQs

    What type of property is this?
    Duplex - Well-maintained 2-unit property featuring two 2-bedroom residences with garages and multiple outdoor living areas.
    Where is this duplex located?
    The property is located at 5011 Ledgestone Drive Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Full duplex with two units: 5009 and 5011, each featuring 2 bedrooms and 2 bathrooms; Each unit includes a 2‑car garage and additional storage, plus on‑street parking; Multiple outdoor spaces include a front courtyard, patio, and backyards for both units
    (972) 849-9889
    We can help!
    Listing Contact
    Mark Philpot
    Real Estate License ID: 0686671
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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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