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    Modern Duplex With Fenced Yards Title is generated by Realmo AI

    1425 Evans Avenue, Fort Worth, TX 76104

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    Claim this Listing
    For Sale
    $515,000

    MULTI_FAMILY - Fort Worth, TX

    Lot size:
    0.11 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    43
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 1425 Evans Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 3
    Parking
    4
    Parking features
    Driveway, Parking Lot, Garage, Gated
    Patio and Porch features
    Porch
    Interior features
    DecorativeDesignerLightingFixtures, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
    Appliances
    Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave
    Standard status
    Active
    APN
    01137123
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    GREENWOOD SUB #3 EVANS S OF 12 BLOCK 1 LOT 7B
    Tax Annual Amount
    8553

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2022
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    FiberCement, Stucco
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Bonnie Fischer

    Listing agent Bonnie Fischer License #0806829

    Listing office Allie Beth Allman & Assoc. Dallas, TX

    Listing date Apr 24, 2026

    MLS# 20900691 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.

    HighLights

    • 2022‑built duplex with two units recently vacated and re‑leased with no long‑term vacancy
    • Each unit is leased at $1,800/month: one 18‑month term starting Oct 1 and one 12‑month term starting Oct 13
    • Both units feature an open floorplan with kitchen island, pantry, and stainless steel appliances
    • Upstairs loft plus two bedrooms and two full bathrooms per unit; primary suite has walk‑in closet and private en‑suite
    • Covered patio and fenced backyard with electric gate entrance; two dedicated parking spaces per unit
    • Utilities: public water and public sewer; central air and electric heating; roof is asphalt

    Overview

    Built in 2022, this modern duplex features two bright, open floorplans with kitchens designed for everyday living. Each unit includes stainless steel appliances, granite countertops, a pantry, subway tile backsplash, and clear sightlines from the kitchen into the dining and living areas. The main level offers a half bath and a full-sized laundry room, while the upper level includes a flexible loft space, two bedrooms, and two full bathrooms. The primary suite includes a walk-in closet and an en-suite bath with a granite vanity and a stand-up shower. Throughout, the neutral finishes help maintain a clean, move-in-ready feel.

    The property is located in Fort Worth near Downtown and major corridors, with convenient proximity to Magnolia Avenue, South Main Street, the Hospital District, TCU, and Dickies Arena. It sits close to the Historic Southside, offering an established, well-connected setting for tenants. Outside, each unit benefits from a fenced backyard area with an electric gate entrance, a covered patio, and two dedicated parking spaces.

    For investors or owner-occupants, this duplex presents a practical setup with both units already re-leased, reducing near-term vacancy risk. The mix of loft space and two full bathrooms per unit can support a range of household needs, and the strong interior finish package paired with gated outdoor space can help sustain tenant appeal over time.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.318042
    Latitude
    32.728113

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    FAQs

    What type of property is this?
    Duplex - A 2022 duplex offering two re-leased units, modern finishes, and gated, fenced outdoor space with dedicated parking.
    Where is this duplex located?
    The property is located at 1425 Evans Avenue Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: 2022‑built duplex with two units recently vacated and re‑leased with no long‑term vacancy; Each unit is leased at $1,800/month: one 18‑month term starting Oct 1 and one 12‑month term starting Oct 13; Both units feature an open floorplan with kitchen island, pantry, and stainless steel appliances
    (214) 528-2500
    We can help!
    Listing Contact
    Bonnie Fischer
    Real Estate License ID: 0806829
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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