Duplex with Separate
For Sale
$310,000
1209 Meriweather Ave, Fort Worth, TX 76115
A full duplex with two 2-bedroom, 1-bath units, each with washer/dryer hookups and separate central A/C systems.
Property Size1,413 SF
Price / SF$219.39
Days on Market100
Property Features for 1209 Meriweather Ave
General Information
Standard status
Active
Size
1,413 SF
Property subtype
Multi-Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
washer and dryer connections
central air-conditioning
separate gas and electric meters
spacious driveway
chain-link fence with gated entrance
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Acasa Realtors
Listed By:
Erika Robles · License #0512120
(817) 692-4935
Source:
Teamrobbins
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 7 at 1:59PM
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 Acasa Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This full duplex includes two separate residential units. Each unit offers two bedrooms, one full bathroom, washer and dryer connections, and its own central air-conditioning system. Utilities are separately metered with individual gas and electric meters for each unit.
The property features a spacious driveway with room for multiple vehicles and a chain-link fence with a gated entrance. Access is described as convenient to major roadways, shopping, schools, and other neighborhood amenities.
As configured, the layout supports having two distinct households under one ownership while maintaining separate utility services for each side.
The property features a spacious driveway with room for multiple vehicles and a chain-link fence with a gated entrance. Access is described as convenient to major roadways, shopping, schools, and other neighborhood amenities.
As configured, the layout supports having two distinct households under one ownership while maintaining separate utility services for each side.
Key Highlights
- Full duplex built in 1990 with two separate units
- Each unit features 2 bedrooms and 1 full bathroom
- Washer and dryer connections in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,739
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,780
$494.8K
Cap Rate 7%
$353,414
$353.4K
Cap Rate 9%
$274,878
$274.9K
Market Conditions
NOI Build-Up for 1,413 SF
Gross rent
$39.3K $27.84/SF
− Vacancy
−$4.0K −$2.83/SF
EGI
$35.3K $25.01/SF
− OpEx
−$10.6K −$7.50/SF
NOI
$24.7K $17.51/SF
Area
Fort Worth, TX
Vacancy
10.16%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,780
Cap Rate 7%
$353,414
Cap Rate 9%
$274,878
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.2K – $412.3K
NOI $24,739 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$306.9K
$268.6K – $358.1K
NOI $21,486 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$513.3K
$449.1K – $598.8K
NOI $35,930 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 76115, TX
20,956
Population
6,706
Households
3.1
Avg Household Size
29
Median Age
17%
College-Educated
53%
High-School Grad
4.6 sq mi
ZIP Area
4,556
Density / Sq Mi
$51,823
Median Household Income
$29,868
Median Earnings
$1,177
Median Rent
$132,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A full duplex with two 2-bedroom, 1-bath units, each with washer/dryer hookups and separate central A/C systems.
Where is this duplex located?
The property is located at 1209 Meriweather Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Full duplex built in 1990 with two separate units; Each unit features 2 bedrooms and 1 full bathroom; Washer and dryer connections in each unit
