Newly Built Residential Income
9540 Thorncrown Lane Fort Worth, TX 76179
For Sale
Under Contract
$325,000
MULTI_FAMILY - Fort Worth, TX
Property Size1,909 SF
Lot Size0.06 Acres
Price / SF$170.25
Days on Market46
Property Features for 9540 Thorncrown Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- On Street, Garage, Open
- Interior features
- EatInKitchen, GraniteCounters, KitchenIsland, OpenFloorplan, Pantry, CableTv, WalkInClosets, WiredForSound
- Appliances
- Dishwasher, ElectricRange, Microwave
- Standard status
- Active Under Contract
- APN
- 42745185
- Size
- 1,909 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- LAKE PARC VILLAGE BLOCK 3 LOT 13
- Tax Annual Amount
- 6948
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- 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# 21289104
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 includes three newly constructed residential income properties offered as a single acquisition: 9524, 9540, and 9544 Thorncrown Lane. Built in 2024, the homes are part of the Thorncrown Portfolio and are presented together for one combined purchase. The listing ties the offering to MLS #21289196, MLS #21289104, and MLS #21289267.
According to the remarks, the portfolio has maintained 100% occupancy since acquisition. The trailing twelve-month gross rental income is $82,800, with trailing twelve-month net operating income of $49,967. The homes have achieved rental rates of approximately $2,300 per month, and rent and OPEX optimization opportunities are noted in the listing.
For buyers looking for a straightforward way to assemble an income-producing position, the portfolio structure supports operational simplicity by keeping the acquisition and oversight consolidated across three modern properties. Two of the homes have recently renewed leases through June 2027, which the remarks indicate helps provide income stability and reduces leasing risk. With newly constructed, energy-efficient systems and limited deferred maintenance noted by the seller, this offering is positioned as a ready-to-operate portfolio.
According to the remarks, the portfolio has maintained 100% occupancy since acquisition. The trailing twelve-month gross rental income is $82,800, with trailing twelve-month net operating income of $49,967. The homes have achieved rental rates of approximately $2,300 per month, and rent and OPEX optimization opportunities are noted in the listing.
For buyers looking for a straightforward way to assemble an income-producing position, the portfolio structure supports operational simplicity by keeping the acquisition and oversight consolidated across three modern properties. Two of the homes have recently renewed leases through June 2027, which the remarks indicate helps provide income stability and reduces leasing risk. With newly constructed, energy-efficient systems and limited deferred maintenance noted by the seller, this offering is positioned as a ready-to-operate portfolio.
Key Highlights
- Thorncrown Portfolio includes three newly constructed residential income properties at 9524, 9540, and 9544 Thorncrown Lane, Fort Worth
- Built in 2024 with 100% occupancy since acquisition
- Portfolio trailing twelve‑month gross rental income of $82,800 and net operating income of $49,967
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 | $59.1k | $30.96 |
| − Vacancy | −$6.3k | −$3.31 |
| EGI | $52.8k | $27.65 |
| − OpEx | −$23.8k | −$12.44 |
| NOI | $29.0k | $15.21 |
1,909 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$414.7K
$362.9K – $483.8K
NOI $29,028 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.28M
$1.99M – $2.66M
NOI $159,479 @ 7.0% cap · market cap 49.07%
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 2024-built residential income homes are offered together for a consolidated, turn-key portfolio sale.
Where is this single family property located?
The property is located at 9540 Thorncrown Lane Fort Worth, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Thorncrown Portfolio includes three newly constructed residential income properties at 9524, 9540, and 9544 Thorncrown Lane, Fort Worth; Built in 2024 with 100% occupancy since acquisition; Portfolio trailing twelve‑month gross rental income of $82,800 and net operating income of $49,967
