Two-Unit Duplex with Covered
New
For Sale
$610,000
4704 Pershing Avenue, Fort Worth, TX 76107
Two-unit residential property with central HVAC, a two-car carport, and a month-to-month tenancy.
Property Size3,350 SF
Lot Size0.20 Acres
Price / SF$182.09
Days on Market5
Property Features for 4704 Pershing Avenue
General Information
Standard status
Active
Size
3,350 SF
Total Parking Spaces
2
Lot size
0.20 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
covered porch area
Building Details
Year Built
1976
Buildings
1
Stories
2
Listing Agency:
SimpliHOM
(855) 856-9466
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Aug 12
Last Checked: Aug 12 at 6:33AM
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 SimpliHOM
Investment Insights
Based on property information with market context.
This duplex contains 3,350 square feet of living area across two units on an 8,856-square-foot lot. The property includes a combined three bedrooms and three full bathrooms, with a two-story configuration, central heating and cooling, a two-car carport, and a covered porch. One unit was updated in 2019, while the second unit includes an upstairs bedroom.
Built in 1976, the property is classified for current duplex use and is located in the Arlington Heights area of Fort Worth. The address is near shops, dining, and downtown Fort Worth, with schools associated with Fort Worth ISD. The current tenant is on a month-to-month arrangement.
Built in 1976, the property is classified for current duplex use and is located in the Arlington Heights area of Fort Worth. The address is near shops, dining, and downtown Fort Worth, with schools associated with Fort Worth ISD. The current tenant is on a month-to-month arrangement.
Key Highlights
- 3,350 square feet of living area on an 8,856‑square‑foot lot
- Two‑unit duplex with 3 bedrooms and 3 full bathrooms combined
- One unit updated in 2019; second unit includes an upstairs bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,018,800
$1.0M
Cap Rate 7%
$727,714
$727.7K
Cap Rate 9%
$566,000
$566.0K
Market Conditions
NOI Build-Up for 3,350 SF
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.
Gross rent
$103.7K $30.96/SF
− Vacancy
−$11.1K −$3.31/SF
EGI
$92.6K $27.65/SF
− OpEx
−$41.7K −$12.44/SF
NOI
$50.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,018,800
Cap Rate 7%
$727,714
Cap Rate 9%
$566,000
Alternative Uses
Best Use
Multifamily LT 5
$837.9K
$733.2K – $977.5K
NOI $58,652 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$727.7K
$636.8K – $849.0K
NOI $50,940 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,184 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 76107, TX
31,591
Population
17,957
Households
1.8
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
10.7 sq mi
ZIP Area
2,952
Density / Sq Mi
$79,473
Median Household Income
$54,461
Median Earnings
$1,501
Median Rent
$431,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with central HVAC, a two-car carport, and a month-to-month tenancy.
Where is this duplex located?
The property is located at 4704 Pershing Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 3,350 square feet of living area on an 8,856‑square‑foot lot; Two‑unit duplex with 3 bedrooms and 3 full bathrooms combined; One unit updated in 2019; second unit includes an upstairs bedroom
