Three-Bedroom Multifamily
New
For Sale
$349,000
1417 Belzise Terrace, Fort Worth, TX 76104
MULTI_FAMILY - Fort Worth, TX
Property Size1,728 SF
Lot Size0.32 Acres
Price / SF$201.97
Days on Market4
Property Features for 1417 Belzise Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking
2
Parking features
Carport
Security features
Security
Interior features
DecorativeDesignerLightingFixtures, HighSpeedInternet, CableTv
Appliances
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Subdivision
Highlands To Glenwood Add
Elementary school
Carrollpea
Middle school
Morningsid
High school
Polytechni
Elementary school district
Fort Worth ISD
Middle school district
Fort Worth ISD
High school district
Fort Worth ISD
Directions
From 35 N Right On Rosedale Then Right On Belzise.
Standard status
Active
APN
01227270
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
HIGHLANDS TO GLENWOOD ADDITION BLOCK 72 LOT 6
Tax Annual Amount
2324
Legal Description
HIGHLANDS TO GLENWOOD ADDITION BLOCK 72 LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Wall Unit(s), Central Air
Water source
Public
Building Details
Year built
1921
Floors in Building
1
Number of units
1
Flooring type
Tile, Laminate
Roof type
Composition
Listing Agency:
Texas Properties
(469) 701-1240
Listed By:
Saman Ilangasinghe · License #0546812
(214) 762-6410
Added: Aug 6
Last Checked: Aug 9 at 7:06AM
MLS# 21349420
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 multifamily property includes 1,728 square feet of living space with three bedrooms and two and a half bathrooms. The interior centers on an open-concept arrangement connecting the kitchen and living room, with tile and laminate flooring throughout. Included appliances are a washer, dryer, dishwasher, disposal, microwave, and refrigerator. Decorative lighting, high-speed internet, and cable TV are also listed among the interior features.
The property occupies 0.323 acres at 1417 Belzise Terrace in Fort Worth. Two dedicated parking spaces are provided, with a carport among the parking features. Public water and public sewer serve the property, while heating includes electric, heat pump, and central systems; cooling includes central air and wall units.
The property is positioned in East Fort Worth with access to downtown Fort Worth, shopping, dining, and major highways.
The property occupies 0.323 acres at 1417 Belzise Terrace in Fort Worth. Two dedicated parking spaces are provided, with a carport among the parking features. Public water and public sewer serve the property, while heating includes electric, heat pump, and central systems; cooling includes central air and wall units.
The property is positioned in East Fort Worth with access to downtown Fort Worth, shopping, dining, and major highways.
Key Highlights
- 1,728 sqft of living space on 0.323 acres
- 3 bedrooms and two and a half bathrooms
- Open‑concept kitchen and living room arrangement
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
$26,276
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
7.53%
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%
$525,520
$525.5K
Cap Rate 7%
$375,371
$375.4K
Cap Rate 9%
$291,956
$292.0K
Market Conditions
NOI Build-Up for 1,728 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
$53.5K $30.96/SF
− Vacancy
−$5.7K −$3.31/SF
EGI
$47.8K $27.65/SF
− OpEx
−$21.5K −$12.44/SF
NOI
$26.3K $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%
$525,520
Cap Rate 7%
$375,371
Cap Rate 9%
$291,956
Alternative Uses
Best Use
Apartment 5plus
$375.4K
$328.5K – $437.9K
NOI $26,276 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1921 with an open interior, dedicated parking, and public water and sewer.
Where is this multifamily property located?
The property is located at 1417 Belzise Terrace Fort Worth, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,728 sqft of living space on 0.323 acres; 3 bedrooms and two and a half bathrooms; Open‑concept kitchen and living room arrangement
