Turnkey 1920 Duplex with Covered
For Sale
$550,000
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.
Property Size2,072 SF
Price / SF$265.44
Days on Market88
Property Features for 1409 West Allen Avenue
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Multi-Family / Full Duplex
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1920
Year Renovated
2018
Tenancy
Multi
Listing Agency:
6th Ave Homes
(817) 239-1896
Listed By:
Jamey Ice · License #0684550
(817) 239-1896
Source:
Compass
Added: May 9
Changed: Jul 10
Last Checked: Aug 3 at 10:41AM
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 6th Ave Homes
Investment Insights
Based on property information with market context.
This renovated 1920 duplex offers two fully self-contained units under one roof, each with a private entry, full kitchen, living room, and bedrooms. The property preserves original character including wood floors, shiplap walls and ceilings, statement lighting, gas ranges, and built-ins, paired with designer finishes. A full 2018 designer renovation was completed, with exterior paint and updated siding in 2022, a new water heater in 2024, and individual electric meters for each unit.
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.
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.
Key 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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,738
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 - Renovated duplex with two private units, historic character, and covered porches—ready to live in and lease.
Where is this duplex located?
The property is located at 1409 West 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 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
