Well-Maintained Duplex Near
2609 McCart Avenue Fort Worth, TX 76110
2609 McCart Avenue, Fort Worth, TX, 76110
$1,295,000
For Sale
$1,295,000
Duplex with income potential near TCU, Magnolia, and downtown.
Property Size3,927 SF
Price / SF$329.77
Days on Market108
Property Features for 2609 McCart Avenue
General Information
- Standard status
- Active
- Size
- 3,927 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2017
Listing Agency
Compass
(817) 584-7033
Listed by
Rick Wegman · License #0543115
(817) 584-7033
Source
Compass
Added: Apr 4 Updated: Jul 10 at 1:38 pm Checked: Jul 19 at 4:20 am
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 Compass
Investment Insights
Based on property information with market context.
The property at 2609 McCart Avenue is a well-maintained duplex offering immediate income and long-term growth potential. Each unit features comfortable living spaces, private entrances, and modern amenities. The location is near TCU, Magnolia Avenue, and downtown Fort Worth. This location attracts students, professionals, and long-term renters. The property is situated in a rapidly evolving neighborhood poised for redevelopment and appreciation. The property is suitable for investors, house hackers, or developers, combining urban convenience, stable income, and future upside in one of Fort Worth’s dynamic areas. The property size is 3927 square feet.
Key Highlights
- Immediate income potential as a well‑maintained duplex.
- Prime location near TCU, Magnolia Avenue, and downtown Fort Worth.
- Located in a rapidly evolving neighborhood poised for redevelopment and appreciation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.3k | $27.84 |
| − Vacancy | −$11.1k | −$2.83 |
| EGI | $98.2k | $25.01 |
| − OpEx | −$29.5k | −$7.50 |
| NOI | $68.8k | $17.51 |
3,927 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$982.2K
$859.4K – $1.15M
NOI $68,754 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$853.1K
$746.4K – $995.2K
NOI $59,714 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,856 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with income potential near TCU, Magnolia, and downtown.
Where is this duplex located?
The property is located at 2609 McCart Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Immediate income potential as a well‑maintained duplex.; Prime location near TCU, Magnolia Avenue, and downtown Fort Worth.; Located in a rapidly evolving neighborhood poised for redevelopment and appreciation.
