Two-Unit Duplex with Historic
1412 5th Avenue, Fort Worth, TX 76104
For Sale
New
$290,000
ResidentialIncome, Fort Worth, TX
Property Size1,523 SF
Lot Size0.12 Acres
Price / SF$190.41
Days on Market4
Property Features for 1412 5th Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
original hardwood floors
tall ceilings
large windows
clawfoot tub
gas heaters
window units
front porch
partially fenced backyard
alley access
driveway parking
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
CENTURY 21 Judge Fite Co. · Century 21 Real Estate
(817) 731-8667
Listed By:
Sarah Lyons · License TX #0638592
(214) 920-9611
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 10 at 8:06PM
MLS# 21431131
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.
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Investment Insights
Based on property information with market context.
This 1,523-square-foot duplex, built in 1905, contains two units: one with one bedroom and one bathroom, and the other with two bedrooms and one bathroom. Hardwood floors, tall ceilings, large windows, and a front porch are among its existing features. One bathroom has a clawfoot tub; both kitchens have cabinets and sinks. Gas heaters and window air-conditioning units serve the residences. Foundation work has been completed, and the property is being sold as-is.
The partially fenced backyard connects to an alley, with driveway parking also available. The property is near Magnolia Avenue and the Fairmount area in Fort Worth, with Downtown Fort Worth and the Medical District described as minutes away.
The partially fenced backyard connects to an alley, with driveway parking also available. The property is near Magnolia Avenue and the Fairmount area in Fort Worth, with Downtown Fort Worth and the Medical District described as minutes away.
Key Highlights
- Two units totaling 1,523 square feet
- Unit mix: one‑bedroom, one‑bath and two‑bedroom, one‑bath residences
- Built in 1905; original hardwood floors, tall ceilings, and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,665
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,300
$533.3K
Cap Rate 7%
$380,929
$380.9K
Cap Rate 9%
$296,278
$296.3K
Market Conditions
NOI Build-Up for 1,523 SF
Gross rent
$42.4K $27.84/SF
− Vacancy
−$4.3K −$2.83/SF
EGI
$38.1K $25.01/SF
− OpEx
−$11.4K −$7.50/SF
NOI
$26.7K $17.51/SF
Area
Fort Worth, TX
Vacancy
10.16%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,300
Cap Rate 7%
$380,929
Cap Rate 9%
$296,278
Alternative Uses
Best Use
Multifamily LT 5
$380.9K
$333.3K – $444.4K
NOI $26,665 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$330.8K
$289.5K – $386.0K
NOI $23,159 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$553.2K
$484.1K – $645.5K
NOI $38,727 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,879
Businesses Nearby
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Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Worth, TX
Properties on Market for Duplexes in Fort Worth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a one-bedroom layout and a two-bedroom layout, each with one bathroom.
Where is this duplex located?
The property is located at 1412 5th Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two units totaling 1,523 square feet; Unit mix: one‑bedroom, one‑bath and two‑bedroom, one‑bath residences; Built in 1905; original hardwood floors, tall ceilings, and large windows
