Two-Unit Duplex with Fenced
New
For Sale
$359,900
1703 May St, Fort Worth, TX 76110
Both residences have private outdoor space, dedicated storage, and updated kitchen and bathroom finishes.
Property Size1,372 SF
Price / SF$262.32
Days on Market3
Property Features for 1703 May St
General Information
Standard status
Active
Size
1,372 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Currently Operating
Yes
Amenities
quartz countertops
stainless steel appliances
updated cabinetry
stone-topped vanities
tiled tub-and-shower combinations
tile flooring
private fenced yards
individual storage units
Building Details
Year Built
1983
Listing Agency:
Real Broker, LLC
Listed By:
K.C. McKeown 509-551-4884 · License #0690463
(509) 551-4884
Source:
Findtexashomesforsale
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:19PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,372-square-foot duplex, built in 1983, contains two units, each with 2 bedrooms and 1 bathroom. Kitchens feature quartz countertops, stainless steel appliances, and updated cabinetry; bathrooms have stone-topped vanities and tiled tub-and-shower combinations. Tile flooring runs throughout both residences. Each unit also has a fenced yard and an individual storage area, and the property includes four on-site parking spaces.
The roof, both HVAC systems, and both water heaters have been replaced. Magnolia Avenue’s restaurants, coffee shops, entertainment, and local businesses are nearby, with downtown Fort Worth and I-35W also accessible from the property. The duplex has been used for short-term rentals and may also be operated as a traditional long-term rental.
The roof, both HVAC systems, and both water heaters have been replaced. Magnolia Avenue’s restaurants, coffee shops, entertainment, and local businesses are nearby, with downtown Fort Worth and I-35W also accessible from the property. The duplex has been used for short-term rentals and may also be operated as a traditional long-term rental.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,372 square feet; built in 1983
- Quartz countertops, stainless steel appliances, and updated cabinetry in both kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,021
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,420
$480.4K
Cap Rate 7%
$343,157
$343.2K
Cap Rate 9%
$266,900
$266.9K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$38.2K $27.84/SF
− Vacancy
−$3.9K −$2.83/SF
EGI
$34.3K $25.01/SF
− OpEx
−$10.3K −$7.50/SF
NOI
$24.0K $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%
$480,420
Cap Rate 7%
$343,157
Cap Rate 9%
$266,900
Alternative Uses
Best Use
Multifamily LT 5
$343.2K
$300.3K – $400.4K
NOI $24,021 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$498.4K
$436.1K – $581.5K
NOI $34,887 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,546
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private outdoor space, dedicated storage, and updated kitchen and bathroom finishes.
Where is this duplex located?
The property is located at 1703 May St Fort Worth, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,372 square feet; built in 1983; Quartz countertops, stainless steel appliances, and updated cabinetry in both kitchens
