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    Updated Duplex Investment Opportunity Title is generated by Realmo AI

    11911 Metmora Court, Fort Worth, TX 76008

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    Claim this Listing
    For Sale
    Under Contract
    $349,500

    MULTI_FAMILY - Fort Worth, TX

    Lot size:
    0.30 Acres
    Added:
    May 27, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 11911 Metmora Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
    Parking
    4
    Parking features
    Open, Covered, Garage
    Interior features
    BuiltInFeatures, CableTv
    Fencing
    Fenced
    Appliances
    Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave
    Standard status
    Active Under Contract
    APN
    40797953
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    MARY'S CREEK ESTATES SUB BLOCK 3 LOT 4 LESS P
    Tax Annual Amount
    3232

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Marty Gray
    Marty Gray

    Listing agent Marty Gray License #0364435

    Listing office Real Estate By Pat Gray Benbrook, TX

    Listing date May 27, 2026

    MLS# 21204251 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.

    HighLights

    • Duplex with 2 units: 2BR/1BA and 3BR/2BA, both currently rented with leases through October 2026
    • Each unit has its own separate electric meter; property has one water meter with split meter reader for each side
    • Rents: 2‑bedroom unit $1,450/mo and 3‑bedroom unit $1,550/mo (landlord pays water around $230)
    • Recent updates include remodeled bathrooms and kitchens, interior/exterior paint, and updated flooring throughout
    • Improvements include roof about 4 years old, windows updated in 2015, and hot water heaters replaced in 2023
    • HVAC units approximately 10–12 years old; central heating and central air, plus ceiling fans; brick construction; composition roof

    Overview

    Nicely updated duplex on a quiet cul-de-sac lot, configured as two self-contained units with separate electric meters. The 2-bedroom, 1-bath unit includes a 2-car garage, while the 3-bedroom, 2-bath unit also offers a 2-car garage. Shared utilities are set up with one water meter and a split meter reader for each side, with the landlord currently paying approximately $230 for water. Recent improvements include remodeled bathrooms and kitchens, interior and exterior paint, and updated flooring throughout. Major systems are also refreshed, including a roof approximately 4 years old, windows updated in 2015, hot water heaters replaced in 2023, and HVAC units estimated at roughly 10 to 12 years old.

    Both units are currently rented, providing immediate income. Leases are secured through October 2026, offering an attractive hold for investors looking for stability and continuity in place. Please do not disturb tenants.

    This property is well-suited for buyers seeking a turn-key residential income asset with two distinct tenant spaces, covered by updated interiors and a meaningful list of capital improvements. The separate electric metering and garage parking for each side support tenant convenience and ease of operations going forward.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.529833
    Latitude
    32.716577

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    FAQs

    What type of property is this?
    Duplex - Well-updated duplex with two separate garages and separate electric meters, generating immediate rental income from stable tenants.
    Where is this duplex located?
    The property is located at 11911 Metmora Court Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: Duplex with 2 units: 2BR/1BA and 3BR/2BA, both currently rented with leases through October 2026; Each unit has its own separate electric meter; property has one water meter with split meter reader for each side; Rents: 2‑bedroom unit $1,450/mo and 3‑bedroom unit $1,550/mo (landlord pays water around $230)
    (817) 249-5483
    We can help!
    Listing Contact
    Marty Gray
    Marty Gray
    Real Estate License ID: 0364435
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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.

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