Two-Home Duplex
New
For Sale
$475,000
1814 Fm 1187, Crowley, TX 76036
ResidentialIncome, Crowley, TX
Property Size1,817 SF
Lot Size0.66 Acres
Price / SF$261.42
Days on Market2
Property Features for 1814 Fm 1187
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 3
Parking
8
Parking features
Carport
Interior features
EatInKitchen
Fencing
Privacy
Fireplace
1
Appliances
ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater
Lot features
Cleared, Interior Lot, Level, Few Trees
Elementary school
Bess Race
Middle school
Richard Allie
High school
Crowley
Elementary school district
Crowley ISD
Middle school district
Crowley ISD
High school district
Crowley ISD
Directions
On FM 1187 between I35 and Chisholm Trail Tollway.
Standard status
Active
APN
03878376
Size
1,817 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Description
FERNANDEZ, ANTONIO SURVEY ABSTRACT 506 TR5A12
Tax Annual Amount
2913
Legal Description
FERNANDEZ, ANTONIO SURVEY ABSTRACT 506 TR5A12
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Wall Unit(s), Electric
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Composition
Listing Agency:
Realty Of America, LLC
(512) 788-9495
Listed By:
Jonathan Cook · License #0634613
(817) 946-0336
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# 21408077
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 duplex property comprises two detached residences on a 0.66-acre lot. The main home measures 1,817 square feet and offers three bedrooms plus a bonus room or optional fourth bedroom, two bathrooms, a covered front porch, and an attached 480-square-foot carport. Interior updates include fresh paint and modernized kitchen and bathrooms. A second home provides 875 square feet, two bedrooms, and one bathroom; its remodel includes new flooring, paint, lighting, ceiling fans, doors, a range, quartz countertops, and an updated bathroom.
Each residence has its own electric meter and 500-gallon septic tank. The homes share a single water meter. Located in rural Crowley, the property is described as having access to area amenities and major commuter highways.
Each residence has its own electric meter and 500-gallon septic tank. The homes share a single water meter. Located in rural Crowley, the property is described as having access to area amenities and major commuter highways.
Key Highlights
- Two detached homes on a 0.66‑acre lot
- Main residence: 1,817 square feet, 3 bedrooms plus bonus room or optional fourth bedroom, and 2 bathrooms
- Second residence: 875 square feet, 2 bedrooms, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,687
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,740
$273.7K
Cap Rate 7%
$195,529
$195.5K
Cap Rate 9%
$152,078
$152.1K
Market Conditions
NOI Build-Up for 1,817 SF
Gross rent
$22.0K $12.12/SF
− Vacancy
−$2.5K −$1.36/SF
EGI
$19.6K $10.76/SF
− OpEx
−$5.9K −$3.23/SF
NOI
$13.7K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,740
Cap Rate 7%
$195,529
Cap Rate 9%
$152,078
Alternative Uses
Best Use
Multifamily LT 5
$195.5K
$171.1K – $228.1K
NOI $13,687 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$170.0K
$148.7K – $198.3K
NOI $11,899 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$639.2K
$559.3K – $745.7K
NOI $44,742 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 76036, TX
31,589
Population
11,807
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
44.1 sq mi
ZIP Area
716
Density / Sq Mi
$94,124
Median Household Income
$48,214
Median Earnings
$1,579
Median Rent
$288,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Detached residences have separate electric meters and individual septic systems on a shared 0.66-acre parcel.
Where is this duplex located?
The property is located at 1814 Fm 1187 Crowley, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two detached homes on a 0.66‑acre lot; Main residence: 1,817 square feet, 3 bedrooms plus bonus room or optional fourth bedroom, and 2 bathrooms; Second residence: 875 square feet, 2 bedrooms, and 1 bathroom
