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Brick Fourplex with Updated Systems

1501 W Morphy Street, Fort Worth, TX 76104

For Sale
New
$800,000

ResidentialIncome, Fort Worth, TX

Property SizeContact for details
Lot Size0.12 Acres
Days on Market5

Property Features for 1501 W Morphy Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 9, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3
Parking 3
Parking features Driveway, On Street
Subdivision Mc Anulty & Nye Sub
Elementary school De Zavala
Middle school Daggett
High school Paschal
Elementary school district Fort Worth ISD
Middle school district Fort Worth ISD
High school district Fort Worth ISD
Directions Use GPS.
Standard status Active
APN 01835874
Lot size 0.12 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description MC ANULTY & NYE SUBDIVISION BLOCK E LOT 27 & 28
Tax Annual Amount 11011
Legal Description MC ANULTY & NYE SUBDIVISION BLOCK E LOT 27 & 28

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1926
Floors in Building 2
Number of units 4
Building materials Brick
Roof type Composition
Buildings 1
Listing Agency: League Real Estate
Listed By: Ross Utley · License TX #0657253
Added: Nov 5 Changed: Nov 6 Last Checked: Nov 9 at 12:06PM
MLS# 21428349

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 1926 brick fourplex contains three two-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit. The property occupies 0.115 acres. Roof work was completed in 2014, followed by plumbing, HVAC, and electrical upgrades in 2016. Public water and sewer serve the property.

At 1501 W Morphy Street in Fort Worth, the property is one block from Magnolia Avenue, with nearby dining and entertainment options including Salsa Limon, Maggie’s R&R, and Melt Ice Cream. The Medical District and Near Southside are also nearby. Parking includes a driveway and on-street options.

Key Highlights

  • Four units: three 2‑bedroom, 1‑bathroom apartments and one 3‑bedroom, 1‑bathroom apartment
  • Fully occupied at the time described
  • 0.115‑acre site in Fort Worth

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

5,370
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Fort Worth, TX

$148 Jul
$175 Aug
$153 Sep
$174 Oct

Properties on Market for Quadplexes in Fort Worth

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Three two-bedroom apartments and one three-bedroom apartment provide a varied unit mix in this fully occupied residential property.
Where is this quadplex located?
The property is located at 1501 W Morphy Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four units: three 2‑bedroom, 1‑bathroom apartments and one 3‑bedroom, 1‑bathroom apartment; Fully occupied at the time described; 0.115‑acre site in Fort Worth
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