Apartment Building with
New
For Sale
$2,500,000
115 Merritt Street, Fort Worth, TX 76114
MU-1 zoning permits Airbnb operations in Fort Worth, alongside long-term leasing.
Property Size8,400 SF
Price / SF$297.62
Days on Market2
Property Features for 115 Merritt Street
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Residential Income
Site & Location
Neighborhood
River District
Amenities
Luxury Vinyl Plank,Tile
4
2
16
8
100
12
Cable TV Available,Decorative Lighting,High Speed Internet Available,Kitchen Island,Multiple Staircases,Pantry,Walk-In Closet(s)
Living Room
.5 to < 1 Acre
Slab
0.9750
Acres
Assessor
Common,Concrete,Lighted,On Site,Open,Parking Lot
Balcony,Covered Patio/Porch
8400.00
166X256
42471.0000
Covered
Building Details
Building Size
8,400 SF
Year Built
2025
Listing Agency:
Mersaes Real Estate, Inc.
(972) 203-9033
Listed By:
Leslye Carlos · License #0783232
(469) 858-5572
Source:
Mersaes
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:56AM
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 Mersaes Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2025, this 8,400-square-foot residential property sits on 0.9750 acres at 115 Merritt Street. The units have luxury vinyl plank and tile flooring, kitchen islands, pantries, walk-in closets, and balconies; shared exterior features include a covered patio or porch and an on-site parking lot. The property is reported as 100% leased.
In Fort Worth’s River District, the property is minutes from downtown, the Cultural District, and the Fort Worth Stockyards. MU-1 zoning is stated to allow Airbnb operations in Fort Worth. Long-term leasing is also identified as a use for the units.
In Fort Worth’s River District, the property is minutes from downtown, the Cultural District, and the Fort Worth Stockyards. MU-1 zoning is stated to allow Airbnb operations in Fort Worth. Long-term leasing is also identified as a use for the units.
Key Highlights
- 8,400‑square‑foot property on 0.9750 acres
- Built in 2025
- MU‑1 zoning allows Airbnb operations in Fort Worth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,730
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,600
$2.6M
Cap Rate 7%
$1,824,714
$1.8M
Cap Rate 9%
$1,419,222
$1.4M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$260.1K $30.96/SF
− Vacancy
−$27.8K −$3.31/SF
EGI
$232.2K $27.65/SF
− OpEx
−$104.5K −$12.44/SF
NOI
$127.7K $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%
$2,554,600
Cap Rate 7%
$1,824,714
Cap Rate 9%
$1,419,222
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.60M – $2.13M
NOI $127,730 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,595 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
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Business Placement
Demographics for 76114, TX
26,676
Population
10,648
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
76%
High-School Grad
9.7 sq mi
ZIP Area
2,750
Density / Sq Mi
$61,055
Median Household Income
$40,145
Median Earnings
$1,231
Median Rent
$195,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - MU-1 zoning permits Airbnb operations in Fort Worth, alongside long-term leasing.
Where is this apartment building located?
The property is located at 115 Merritt Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 8,400‑square‑foot property on 0.9750 acres; Built in 2025; MU‑1 zoning allows Airbnb operations in Fort Worth
