Two-Unit Duplex with Separate
For Sale
$259,900
2115 Hurley Ave, Fort Worth, TX 76110
Each unit has its own living area, kitchen, and utility setup with individual gas and water meters.
Property Size1,500 SF
Price / SF$173.27
Days on Market32
Property Features for 2115 Hurley Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Trillionaire Realty
(877) 410-2037
Listed By:
Christopher Lawrence · License #0487898
Source:
Christenberrygroup
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 25 at 8:09AM
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 Trillionaire Realty
Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex, built in 1930, contains two separate units with a matching two-bedroom, one-bathroom layout. Each unit includes a living area, kitchen, and dedicated utility setup, with individual gas and water meters supporting separate service arrangements. Interior flooring combines carpet, vinyl, and wood across the property.
The property occupies a single lot with both on-street and open parking. Its Fort Worth setting is near Magnolia Ave, the Near Southside district, Fort Worth Zoo, TCU, and major routes including I-35W and US-287. Dining, retail, and other city amenities are also located nearby.
The property occupies a single lot with both on-street and open parking. Its Fort Worth setting is near Magnolia Ave, the Near Southside district, Fort Worth Zoo, TCU, and major routes including I-35W and US-287. Dining, retail, and other city amenities are also located nearby.
Key Highlights
- Two‑unit duplex totaling 1,500 SF
- Each unit includes 2 bedrooms and 1 bathroom
- Individual gas and water meters for each unit
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
$22,809
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
8.78%
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%
$456,180
$456.2K
Cap Rate 7%
$325,843
$325.8K
Cap Rate 9%
$253,433
$253.4K
Market Conditions
NOI Build-Up for 1,500 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
$46.4K $30.96/SF
− Vacancy
−$5.0K −$3.31/SF
EGI
$41.5K $27.65/SF
− OpEx
−$18.7K −$12.44/SF
NOI
$22.8K $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%
$456,180
Cap Rate 7%
$325,843
Cap Rate 9%
$253,433
Alternative Uses
Best Use
Multifamily LT 5
$375.2K
$328.3K – $437.7K
NOI $26,262 @ 7.0% cap · market cap 10.10%
Second Best
Apartment 5plus
$325.8K
$285.1K – $380.2K
NOI $22,809 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 76110, TX
29,858
Population
12,497
Households
2.4
Avg Household Size
33
Median Age
29%
College-Educated
68%
High-School Grad
5.7 sq mi
ZIP Area
5,238
Density / Sq Mi
$68,435
Median Household Income
$36,262
Median Earnings
$1,255
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit has its own living area, kitchen, and utility setup with individual gas and water meters.
Where is this duplex located?
The property is located at 2115 Hurley Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,500 SF; Each unit includes 2 bedrooms and 1 bathroom; Individual gas and water meters for each unit
