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    Duplex Income Property Opportunity Title is generated by Realmo AI

    2115 Hurley Avenue, Fort Worth, TX 76110

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    For Sale
    $299,900

    MULTI_FAMILY - Fort Worth, TX

    Lot size:
    0.16 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    38
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 2115 Hurley Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3
    Parking features
    Open, On Street
    Interior features
    BuiltInFeatures, WalkInClosets
    Appliances
    GasRange
    Standard status
    Active
    APN
    00915386
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    FAIRMOUNT ADDITION BLOCK 22 LOT 17 & 18
    Tax Annual Amount
    5122

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Brick, VinylSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Christopher Lawrence

    Listing agent Christopher Lawrence License #0487898

    Listing office Trillionaire Realty Humble, TX

    Listing date Apr 29, 2026

    MLS# 21246679 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

    • Duplex with 2 separate units, each with 2 bedrooms and 1 bathroom
    • Each unit has its own living area, kitchen, and utility setup with individual gas and water meters
    • Single‑lot property with on‑street and open parking
    • Built in 1930 with brick and vinyl siding and a composition roof
    • Appliances include a gas range; flooring includes laminate (with additional carpet and vinyl/wood noted)
    • Utilities: public water and public sewer; heating and cooling are electric

    Overview

    2115 Hurley Ave presents a duplex configuration with two distinct units on a single lot. Each unit offers two bedrooms and one bathroom, along with its own living area, kitchen, and utility setup supported by individual gas and water meters. Interior finishes include a mix of carpet, vinyl, and wood flooring, providing a straightforward residential layout for tenant occupancy. Parking is available via on-street spots and open parking on the property.

    The property is located in Fort Worth near Magnolia Ave in the Near Southside area, with access to local dining, retail, and broader city amenities. It is also positioned close to major routes including I-35W and US-287, supporting convenient regional access. Nearby points of interest include Fort Worth Zoo and TCU.

    This duplex is a practical fit for investors seeking a self-contained rental structure with separate metering, or for buyers looking for an owner-occupied arrangement while generating rental income from the second unit. With two independent units and separate utility services, it can appeal to operators who prefer to manage leases independently rather than under a shared metering arrangement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center 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
    -97.342258
    Latitude
    32.720998

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    FAQs

    What type of property is this?
    Duplex - Two separate 2-bedroom units with individual utilities on one lot offer flexible rental income potential.
    Where is this duplex located?
    The property is located at 2115 Hurley Avenue Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Duplex with 2 separate units, each with 2 bedrooms and 1 bathroom; Each unit has its own living area, kitchen, and utility setup with individual gas and water meters; Single‑lot property with on‑street and open parking
    (832) 895-6030
    We can help!
    Listing Contact
    Christopher Lawrence
    Real Estate License ID: 0487898
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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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