Newly Built Residential Income
9524 Thorncrown Lane Fort Worth, TX 76179
For Sale
Under Contract
$315,000
MULTI_FAMILY - Fort Worth, TX
Property Size1,779 SF
Lot Size0.10 Acres
Price / SF$177.07
Days on Market46
Property Features for 9524 Thorncrown Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Parking
- 2
- Parking features
- Garage, Open
- Security features
- Security
- Patio and Porch features
- Porch
- Interior features
- DecorativeDesignerLightingFixtures, HighSpeedInternet, OpenFloorplan, WalkInClosets, WiredForSound
- Fencing
- Fenced
- Appliances
- Dishwasher, ElectricRange, Disposal, Microwave
- Standard status
- Active Under Contract
- APN
- 42745215
- Size
- 1,779 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- LAKE PARC VILLAGE BLOCK 3 LOT 16
- Tax Annual Amount
- 6522
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Carpet, Tile
- Building materials
- FiberCement, Concrete
- Roof type
- Composition
Listing Agency:
Keller Williams Realty DPR
(972) 732-6000
Listed By:
Daniel Harker · License #0435185
(972) 732-6000
Added: Jun 11
Changed: Jul 20
Last Checked: Jul 26 at 11:06PM
MLS# 21289196
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 portfolio sale includes three newly constructed residential income properties located at 9524, 9540, and 9544 Thorncrown Lane in Fort Worth, built in 2024. The offering is presented as a single acquisition and includes the individual MLS listings identified as MLS #21289196, MLS #21289104, and MLS #21289267. Each property is offered as a turn-key residential income asset within the portfolio, with trailing twelve-month results reported in the remarks.
The portfolio is offered for sale in Tarrant County, Texas, and the three homes are grouped together on the same Thorncrown Lane addresses. The remarks state the properties have maintained 100% occupancy since acquisition. The rent and operating expense performance reported for the portfolio includes $82,800 in trailing twelve-month gross rental income and $49,967 in net operating income.
From a tenant and operator standpoint, the homes are positioned as modern, residential rental units, with the remarks citing energy-efficient systems and limited deferred maintenance. The portfolio also includes lease timing detail, noting that two properties recently renewed leases through June 2027, which may help support income continuity within the stated portfolio structure. The reported rental rates are approximately $2,300 per month, with the remarks indicating rent and OPEX optimization opportunities.
The portfolio is offered for sale in Tarrant County, Texas, and the three homes are grouped together on the same Thorncrown Lane addresses. The remarks state the properties have maintained 100% occupancy since acquisition. The rent and operating expense performance reported for the portfolio includes $82,800 in trailing twelve-month gross rental income and $49,967 in net operating income.
From a tenant and operator standpoint, the homes are positioned as modern, residential rental units, with the remarks citing energy-efficient systems and limited deferred maintenance. The portfolio also includes lease timing detail, noting that two properties recently renewed leases through June 2027, which may help support income continuity within the stated portfolio structure. The reported rental rates are approximately $2,300 per month, with the remarks indicating rent and OPEX optimization opportunities.
Key Highlights
- Portfolio sale of three newly constructed income properties at 9524, 9540, and 9544 Thorncrown Lane, Fort Worth, TX
- All properties built in 2024 with public water and public sewer service
- 100% occupancy maintained since acquisition; portfolio generated $82,800 trailing twelve‑month gross rental income
Financial Insights For Apartment 5plus
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 | $55.1k | $30.96 |
| − Vacancy | −$5.9k | −$3.31 |
| EGI | $49.2k | $27.65 |
| − OpEx | −$22.1k | −$12.44 |
| NOI | $27.1k | $15.21 |
1,779 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$386.4K
$338.1K – $450.9K
NOI $27,051 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,619 @ 7.0% cap · market cap 47.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Three newly constructed homes in 2024 offered as a single acquisition with trailing gross rental income reported at $82,800.
Where is this single family property located?
The property is located at 9524 Thorncrown Lane Fort Worth, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Portfolio sale of three newly constructed income properties at 9524, 9540, and 9544 Thorncrown Lane, Fort Worth, TX; All properties built in 2024 with public water and public sewer service; 100% occupancy maintained since acquisition; portfolio generated $82,800 trailing twelve‑month gross rental income
