1409 West Allen Avenue, Fort Worth, TX 76110
Renovated duplex with two private units, historic character, and covered porches—ready to live in and lease.
- Added:
- May 29, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 6 at 2:07 am
Property Features for 1409 West Allen Avenue
General Information
- Standard status
- Active
- Size
- 2,072 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1920
Listing agent Jamey Ice License #0684550 (817) 239-1896
Listing office 6th Ave Homes (817) 239-1896
Listing date May 29, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of 6th Ave Homes
HighLights
- 1920 renovated 2‑unit duplex with two self‑contained units under one roof (2,072 total SF)
- Each unit has its own private entry, full kitchen, living room, and bedrooms (roughly 1,036 SF each)
- Full designer renovation in 2018; exterior paint and updated siding in 2022; new water heater in 2024
- Signature double‑stacked covered porches across the full width of the house, plus interior historic details like wood floors and shiplap
- Six bedrooms and three baths total; pillar/post/pier foundation; composition roof
- Two electric meters; electric heating and window/wall A/C units; appliances include dishwasher, disposal, and microwave
Overview
Located about two blocks off Magnolia Avenue in Historic Fairmount, the home features signature double-stacked covered porches running the full width of the house, with shaded areas created by mature trees. The interiors support flexible use, whether you live in one unit and rent the other or run both as furnished rentals. On an interior Fairmount lot with on-street parking.
The layout suits a furnished-rental operation or a two-household setup, with each unit functioning independently. The seller reports an average of about $70,000 per year in furnished-rental income and notes it is tracking toward $80,000 in 2026 (owner-reported and available on request). The property is available fully turnkey with furnishings, linens, and an operating setup for an additional $25,000 under a separate bill of sale, with seller preference to sell turnkey. Buyer to verify square footage, schools, taxes, and income.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3067302
- Latitude
- 32.7264651
