2-Unit Residential
New
For Sale
$290,000
2306 Ross Avenue #100, Fort Worth, TX 76164
Each residence has two bedrooms, one bathroom, central heating and air conditioning, and washer and dryer connections.
Property Size1,566 SF
Price / SF$185.19
Days on Market4
Property Features for 2306 Ross Avenue #100
General Information
Standard status
Active
Size
1,566 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
North Side
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer and dryer connections
central heating and air conditioning
Cable TV Available
Decorative Lighting
High Speed Internet Available
Building Details
Building Size
1,566 SF
Year Built
1981
Buildings
1
Stories
1
Units
2
Listing Agency:
Keller Williams Realty
(817) 329-8850
Listed By:
Michelle Montemayor · License #0705153
(972) 861-2144
Source:
Drakecopelandrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 11:50AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,566-square-foot duplex contains two separate residences, each with two bedrooms and one bathroom. Both units have a living area, a kitchen with cabinetry and counter space, and a bathroom with a tub-shower combination. Central heating and air conditioning and washer and dryer connections serve each residence. The property was built in 1981 and has yard space with mature trees.
The Fort Worth property is near the Stockyards, Downtown, West 7th, the Cultural District, Marine Park, Rockwood Park, and the Trinity Trails network. North Main Street and I-35W provide routes to other parts of Fort Worth and the surrounding area.
The Fort Worth property is near the Stockyards, Downtown, West 7th, the Cultural District, Marine Park, Rockwood Park, and the Trinity Trails network. North Main Street and I-35W provide routes to other parts of Fort Worth and the surrounding area.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- 1,566 square feet; built in 1981
- Central heating and air conditioning in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,813
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,260
$476.3K
Cap Rate 7%
$340,186
$340.2K
Cap Rate 9%
$264,589
$264.6K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$48.5K $30.96/SF
− Vacancy
−$5.2K −$3.31/SF
EGI
$43.3K $27.65/SF
− OpEx
−$19.5K −$12.44/SF
NOI
$23.8K $15.21/SF
Area
Fort Worth, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,260
Cap Rate 7%
$340,186
Cap Rate 9%
$264,589
Alternative Uses
Best Use
Multifamily LT 5
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$340.2K
$297.7K – $396.9K
NOI $23,813 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$568.9K
$497.8K – $663.7K
NOI $39,820 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 76164, TX
15,602
Population
4,866
Households
3.2
Avg Household Size
34
Median Age
5%
College-Educated
52%
High-School Grad
3.9 sq mi
ZIP Area
4,001
Density / Sq Mi
$51,618
Median Household Income
$30,640
Median Earnings
$1,117
Median Rent
$140,200
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 - Each residence has two bedrooms, one bathroom, central heating and air conditioning, and washer and dryer connections.
Where is this duplex located?
The property is located at 2306 Ross Avenue #100 Fort Worth, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; 1,566 square feet; built in 1981; Central heating and air conditioning in both units
