Triplex with Attached
201 Briarwood Lane, Forest Hill, TX 76140
For Sale
$725,000
Three-bedroom, three-bath residences feature granite counters, stainless appliances, and low-maintenance exteriors.
Property Size3,894 SF
Price / SF$186.18
Days on Market15
Property Features for 201 Briarwood Lane
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
League Real Estate
Listed By:
Sarah Wilson · License #0774118
(817) 523-9113
Source:
Finepointhomes
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 League Real Estate
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Investment Insights
Based on property information with market context.
Built in 2022, this triplex contains three residences totaling 3,894 square feet. Each unit offers 1,298 square feet of living space, three bedrooms, three bathrooms, and a one-car garage. Interior finishes include granite countertops, stainless steel appliances, LVP flooring, and tall ceilings. The property is fully occupied, with leases in place through 2027.
The triplex is part of The Woods at Forest Hill, a townhome community with duplex, triplex, and fourplex buildings and limited HOA common area. The community is described as serving people working in Fort Worth, Arlington, and the 287 corridor.
The triplex is part of The Woods at Forest Hill, a townhome community with duplex, triplex, and fourplex buildings and limited HOA common area. The community is described as serving people working in Fort Worth, Arlington, and the 287 corridor.
Key Highlights
- 2022‑built triplex with 3,894 square feet total
- Three 3‑bedroom, 3‑bath units, each with 1,298 square feet of living space
- One‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,333
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,660
$586.7K
Cap Rate 7%
$419,043
$419.0K
Cap Rate 9%
$325,922
$325.9K
Market Conditions
NOI Build-Up for 3,894 SF
Gross rent
$47.2K $12.12/SF
− Vacancy
−$5.3K −$1.36/SF
EGI
$41.9K $10.76/SF
− OpEx
−$12.6K −$3.23/SF
NOI
$29.3K $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%
$586,660
Cap Rate 7%
$419,043
Cap Rate 9%
$325,922
Alternative Uses
Best Use
Multifamily LT 5
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$364.3K
$318.8K – $425.0K
NOI $25,501 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,886 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 76140, TX
32,623
Population
10,705
Households
3
Avg Household Size
32
Median Age
18%
College-Educated
79%
High-School Grad
27.3 sq mi
ZIP Area
1,195
Density / Sq Mi
$73,215
Median Household Income
$37,780
Median Earnings
$1,590
Median Rent
$207,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom, three-bath residences feature granite counters, stainless appliances, and low-maintenance exteriors.
Where is this triplex located?
The property is located at 201 Briarwood Lane Forest Hill, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2022‑built triplex with 3,894 square feet total; Three 3‑bedroom, 3‑bath units, each with 1,298 square feet of living space; One‑car garage for each unit
