Duplex With Updated
2404 Ross Avenue, Fort Worth, TX 76164
For Sale
New
$340,000
ResidentialIncome, Fort Worth, TX
Property Size1,560 SF
Lot Size0.24 Acres
Price / SF$217.95
Days on Market6
Property Features for 2404 Ross Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
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 8:06PM
MLS# 21427772
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 1,560-square-foot duplex contains two individual units, each with two bedrooms and one bathroom. The property was built in 1920 and occupies a 0.241-acre lot. Roof, plumbing, HVAC, and electrical systems were updated in 2019. The building has a composition roof, a parking lot, and public water and sewer service.
The property is on Ross Avenue in Fort Worth, near the Stockyards and North Main Street. Dining and entertainment options, as well as major thoroughfares connecting to the greater DFW area, are also identified in the surrounding context.
The property is on Ross Avenue in Fort Worth, near the Stockyards and North Main Street. Dining and entertainment options, as well as major thoroughfares connecting to the greater DFW area, are also identified in the surrounding context.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,560 square feet on a 0.241‑acre lot
- Roof, plumbing, HVAC, and electrical updates completed in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,313
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,260
$546.3K
Cap Rate 7%
$390,186
$390.2K
Cap Rate 9%
$303,478
$303.5K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$43.4K $27.84/SF
− Vacancy
−$4.4K −$2.83/SF
EGI
$39.0K $25.01/SF
− OpEx
−$11.7K −$7.50/SF
NOI
$27.3K $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%
$546,260
Cap Rate 7%
$390,186
Cap Rate 9%
$303,478
Alternative Uses
Best Use
Multifamily LT 5
$390.2K
$341.4K – $455.2K
NOI $27,313 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$338.9K
$296.5K – $395.4K
NOI $23,721 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$566.7K
$495.9K – $661.1K
NOI $39,668 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
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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
$140,200
Median Home Value
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Market
Average Price Trend$/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 separate two-bedroom, one-bath residences provide a rental configuration under one ownership.
Where is this duplex located?
The property is located at 2404 Ross Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,560 square feet on a 0.241‑acre lot; Roof, plumbing, HVAC, and electrical updates completed in 2019
