Turnkey Duplex with Private
1409 W Allen Avenue Fort Worth, TX 76110
New
1409 W Allen Avenue, Fort Worth, TX, 76110
$550,000
MULTI_FAMILY - Fort Worth, TX
Property Size2,072 SF
Lot Size0.05 Acres
Price / SF$265.44
AddedJul 10
Days on Market7
Last RefreshJul 16 at 2:06 am
Property Features for 1409 W Allen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
- Parking features
- Garage, On Street
- Interior features
- Chandelier, DecorativeDesignerLightingFixtures, HighSpeedInternet, KitchenIsland
- Appliances
- Dishwasher, Disposal, Microwave
- Standard status
- Active Under Contract
- APN
- 00912840
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- FAIRMOUNT ADDITION BLOCK 8 LOT 1 E40'1-2 BLK
- Tax Annual Amount
- 3958
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- WoodSiding
- Roof type
- Composition
Listing agent Jamey Ice License #0684550 (817) 239-1896
Listing office 6th Ave Homes Fort Worth, TX (817) 631-9803
Listing date Jul 10, 2026
MLS# 21280934
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.
Investment Insights
Based on property information with market context.
This property is a 1920-era duplex that was taken to the studs and rebuilt, resulting in two self-contained units under one roof. Each unit is configured with its own private entry, full kitchen, living room, and bedrooms. Interior finishes and details referenced in the listing include wood floors, shiplap walls and ceilings, statement lighting, gas ranges, and built-ins, with a described 2018 designer renovation. The exterior has had paint and updated siding in 2022, a new water heater in 2024, and individual electric meters.
Located in Historic Fairmount, the duplex is described as being two blocks off Magnolia Avenue. The listing notes an interior Fairmount lot with on-street parking and a shared exterior feature: double-stacked covered porches running the full width of the house, including a balcony above and gathering space below.
For buyers seeking an owner-occupant setup, the duplex supports living in one unit while renting the other. The listing also describes an option to operate as furnished rentals for both sides, with the property offered fully turnkey with furnishings, linens, and operating setup available under a separate bill of sale. Buyer to verify square footage, schools, taxes, and income.
Located in Historic Fairmount, the duplex is described as being two blocks off Magnolia Avenue. The listing notes an interior Fairmount lot with on-street parking and a shared exterior feature: double-stacked covered porches running the full width of the house, including a balcony above and gathering space below.
For buyers seeking an owner-occupant setup, the duplex supports living in one unit while renting the other. The listing also describes an option to operate as furnished rentals for both sides, with the property offered fully turnkey with furnishings, linens, and operating setup available under a separate bill of sale. Buyer to verify square footage, schools, taxes, and income.
Key Highlights
- 1920 duplex rebuilt with designer finishes: 2 self‑contained units under one roof, each ~1,036 SF with its own private entry
- 2018 full designer renovation; exterior paint and updated siding in 2022; new water heater in 2024; individual electric meters
- Interior features include kitchen island, decorative designer lighting, chandelier, tile and wood flooring, and shiplap walls/ceilings
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $27.84 |
| − Vacancy | −$5.9k | −$2.83 |
| EGI | $51.8k | $25.01 |
| − OpEx | −$15.5k | −$7.50 |
| NOI | $36.3k | $17.51 |
2,072 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.2K
$453.5K – $604.6K
NOI $36,277 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$450.1K
$393.8K – $525.1K
NOI $31,507 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$752.7K
$658.6K – $878.1K
NOI $52,687 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Allen Upstairs · Fairmont ...
Bed & Breakfast
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Rebuilt duplex offers two self-contained units with private entries, full kitchens, and shared covered porch space.
Where is this duplex located?
The property is located at 1409 W Allen Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1920 duplex rebuilt with designer finishes: 2 self‑contained units under one roof, each ~1,036 SF with its own private entry; 2018 full designer renovation; exterior paint and updated siding in 2022; new water heater in 2024; individual electric meters; Interior features include kitchen island, decorative designer lighting, chandelier, tile and wood flooring, and shiplap walls/ceilings
