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    The Largest CRE Database in the US with Over 1 Million Listings

    7500 Chapin Rd Fort Worth, TX 76116

    Sponsored
    For Sale
    Under Contract
    $639,900

    Quadruplex - Fort Worth, TX

    Type:Quadruplex
    Lot size:
    0.28 Acres
    Days on Market:
    64
    Last Refresh:
    Jan 24 at 1:06 pm

    Property Features for 7500 Chapin Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    8
    APN
    04813243
    Parking
    8
    Parking features
    Carport, Covered
    Interior features
    Built-in Features, Granite Counters
    Exterior features
    Courtyard, Private Yard, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Range, Refrigerator, Washer
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1984
    Floors in Building
    2
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jenna Harris

    JPAR- The Sears Group (713) 357-0068

    Listing agent Jenna Harris (713) 357-0068 License #0629804

    Listing date Nov 22, 2025

    MLS# 21061223 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.

    Learn more

    Property Insight Report

    Overview

    Updated Quadruplex Near Camp Bowie

    This income-producing property in Fort Worth features four townhome-style units, each offering 1,075 square feet of living space. Each unit includes two bedrooms and one and a half bathrooms. The property is located off Camp Bowie, providing access to major employers such as Lockheed Martin and the Joint Reserve Base, as well as shopping, dining, and downtown Fort Worth. Each unit features spacious living areas with a fireplace, a private fenced backyard courtyard, and access to carport parking. Additional uncovered parking spaces are available for guests. Several units have been updated over the last 7 years with granite countertops, storage cabinets, subway tile backsplashes, new toilets, granite vanity tops, paint, laminate flooring, newer fixtures and appliances. There is no carpet in the updated units. Each unit includes a guest half bathroom downstairs and washer and dryer hookups. Tenants pay their own electric bills, with an $80 monthly bill-back for water and trash. Recent updates include a new water heater in Unit B (09.10.2021), a new refrigerator in Unit C (09.20.2021), and new AC duct in Unit D (06.24.2022). All new fencing was installed in July 2022, and the roof was replaced in 2017 or 2018. The property is located on a 0.284-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.445317
    Latitude
    32.716532

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    FAQs

    What type of property is this?
    Quadplex - Income-producing four-unit property near Lockheed Martin and Joint Reserve Base.
    Where is this quadplex located?
    The property is located at 7500 Chapin Rd Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $639,900.
    What are key features of this property?
    This property features: - Income-producing property featuring four 2-bedroom, 1.5-bathroom townhome-style units.; - Updated units boast granite countertops, subway tile backsplash, new toilets, paint, and flooring.; - Conveniently located near Camp Bowie, Lockheed Martin, Joint Reserve Base, shopping, dining, and downtown Fort Worth.
    (713) 357-0068
    Request Owner's contact information
    7500 Chapin Rd Fort Worth, TX 76116
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    Fort Worth, TX 76116
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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.

    More about this property
    7500 Chapin Rd Fort Worth, TX 76116
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    We can help!
    Listing Contact
    Jenna Harris
    Real Estate License ID: 0629804
    (713) 357-0068
    Learn more
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