Duplex with Updated
221 Priddy Lane, Fort Worth, TX 76114
For Sale
New
$375,000
ResidentialIncome, Fort Worth, TX
Property Size1,519 SF
Lot Size0.17 Acres
Price / SF$246.87
Days on Market6
Property Features for 221 Priddy Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
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Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
League Real Estate
(817) 523-9113
Listed By:
Ross Utley · License TX #0657253
(972) 849-9889
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 21428226
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.
At 221 Priddy Lane, this brick duplex contains two 2-bedroom, 1-bathroom units, with a combined property size of 1,519 square feet on a 0.169-acre lot. The building dates to 1952 and was fully occupied as described. Work completed in 2021 covered the roof, plumbing, HVAC, and electrical systems. Interior features include an open floorplan, and parking options include a carport, driveway, and on-street spaces.
The property is in Fort Worth’s River District, near the Trinity River and its trail network. The Cultural District, West 7th, Downtown, dining, and retail are also identified as nearby destinations. A separate duplex at 217 & 219 Priddy Lane is available for individual or combined acquisition; together, the two properties contain four residential units.
The property is in Fort Worth’s River District, near the Trinity River and its trail network. The Cultural District, West 7th, Downtown, dining, and retail are also identified as nearby destinations. A separate duplex at 217 & 219 Priddy Lane is available for individual or combined acquisition; together, the two properties contain four residential units.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bathroom units
- 1,519 square feet on a 0.169‑acre lot
- Roof, plumbing, HVAC, and electrical work completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,595
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,900
$531.9K
Cap Rate 7%
$379,929
$379.9K
Cap Rate 9%
$295,500
$295.5K
Market Conditions
NOI Build-Up for 1,519 SF
Gross rent
$42.3K $27.84/SF
− Vacancy
−$4.3K −$2.83/SF
EGI
$38.0K $25.01/SF
− OpEx
−$11.4K −$7.50/SF
NOI
$26.6K $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%
$531,900
Cap Rate 7%
$379,929
Cap Rate 9%
$295,500
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.3K
NOI $26,595 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$330.0K
$288.7K – $385.0K
NOI $23,098 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$551.8K
$482.8K – $643.8K
NOI $38,625 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 76114, TX
26,676
Population
10,648
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
76%
High-School Grad
9.7 sq mi
ZIP Area
2,750
Density / Sq Mi
$61,055
Median Household Income
$40,145
Median Earnings
$1,231
Median Rent
$195,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Worth, TX
Properties on Market for Duplexes in Fort Worth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences provide a defined unit mix in this brick rental property.
Where is this duplex located?
The property is located at 221 Priddy Lane Fort Worth, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bathroom units; 1,519 square feet on a 0.169‑acre lot; Roof, plumbing, HVAC, and electrical work completed in 2021
