Five-Unit Apartment
For Sale
$2,195,000
1120 Galveston Ave Unit 1, Fort Worth, TX 76104
Multi-story residences offer individual entries, attached garages, and private outdoor areas.
Property Size6,350 SF
Price / SF$345.67
Days on Market65
Property Features for 1120 Galveston Ave Unit 1
General Information
Standard status
Active
Size
6,350 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
rooftop or upper-level outdoor spaces
Building Details
Year Built
2021
Listing Agency:
Listing Results, LLC
Listed By:
Jack McLemore · License #0460808
(817) 283-5134
Source:
Brandeekelley
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 7 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Listing Results, LLC
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Investment Insights
Based on property information with market context.
Located at 1120 Galveston Ave in Fort Worth’s Near Southside, this five-unit apartment property was built in 2021 and contains approximately 6,350 square feet. The development presents a multi-story residential configuration with individual entries and attached garages for each residence.
The residences are arranged in an urban condo-style setting and feature private outdoor areas at rooftop or upper levels. These spaces provide views toward downtown and the surrounding skyline. The property’s townhome-oriented layout gives each unit a distinct entry and vertical floor plan rather than a conventional shared-corridor arrangement.
The residences are arranged in an urban condo-style setting and feature private outdoor areas at rooftop or upper levels. These spaces provide views toward downtown and the surrounding skyline. The property’s townhome-oriented layout gives each unit a distinct entry and vertical floor plan rather than a conventional shared-corridor arrangement.
Key Highlights
- Five‑unit apartment property with approximately 6,350 SF
- Built in 2021
- Multi‑story residences with individual entries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,558
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,931,160
$1.9M
Cap Rate 7%
$1,379,400
$1.4M
Cap Rate 9%
$1,072,867
$1.1M
Market Conditions
NOI Build-Up for 6,350 SF
Gross rent
$196.6K $30.96/SF
− Vacancy
−$21.0K −$3.31/SF
EGI
$175.6K $27.65/SF
− OpEx
−$79.0K −$12.44/SF
NOI
$96.6K $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 Rate 5%
$1,931,160
Cap Rate 7%
$1,379,400
Cap Rate 9%
$1,072,867
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,558 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,468 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
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Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-story residences offer individual entries, attached garages, and private outdoor areas.
Where is this apartment building located?
The property is located at 1120 Galveston Ave Unit 1 Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Five‑unit apartment property with approximately 6,350 SF; Built in 2021; Multi‑story residences with individual entries
