Duplex With Private
For Sale
$1,295,000
2609 Mccart Avenue, Fort Worth, TX 76110
Two residences provide separate entry points and individual living spaces.
Property Size3,927 SF
Days on Market15
Property Features for 2609 Mccart Avenue
General Information
Standard status
Active
Size
3,927 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$19,278
Building Details
Building Size
3,927 SF
Year Built
2017
Buildings
1
Listing Agency:
Compass RE Texas, LLC
Listed By:
Rick Wegman · License #0543115
(214) 814-8100
Source:
Baerealty
Added: Sep 26
Changed: Oct 4
Last Checked: Oct 10 at 12:56AM
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 RE Texas, LLC
Investment Insights
Based on property information with market context.
Built in 2017, this duplex contains two residences, each with a private entrance and living space. The property is near TCU, Magnolia Avenue, and downtown Fort Worth.
Key Highlights
- Year built: 2017
- Two residences, each with a private entrance
- Near TCU, Magnolia Avenue, and downtown Fort Worth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,754
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,080
$1.4M
Cap Rate 7%
$982,200
$982.2K
Cap Rate 9%
$763,933
$763.9K
Market Conditions
NOI Build-Up for 3,927 SF
Gross rent
$109.3K $27.84/SF
− Vacancy
−$11.1K −$2.83/SF
EGI
$98.2K $25.01/SF
− OpEx
−$29.5K −$7.50/SF
NOI
$68.8K $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%
$1,375,080
Cap Rate 7%
$982,200
Cap Rate 9%
$763,933
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 authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 76110, TX
29,858
Population
12,497
Households
2.4
Avg Household Size
33
Median Age
29%
College-Educated
68%
High-School Grad
5.7 sq mi
ZIP Area
5,238
Density / Sq Mi
$68,435
Median Household Income
$36,262
Median Earnings
$1,255
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate entry points and individual living spaces.
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: Year built: 2017; Two residences, each with a private entrance; Near TCU, Magnolia Avenue, and downtown Fort Worth
