Two-Unit Duplex with Private
For Sale
$799,900
2801 Frazier Avenue, Fort Worth, TX 76110
Each residence includes in-unit laundry, and the lower unit is furnished.
Property Size2,376 SF
Price / SF$336.66
Days on Market9
Property Features for 2801 Frazier Avenue
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Duplex
Site & Location
Neighborhood
Paschal
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,310
Amenities
private entrance
in-unit laundry
off-street parking
Building Details
Building Size
2,376 SF
Year Built
2003
Buildings
1
Listing Agency:
Access Realty
Listed By:
Cassidy Spilker
Source:
Callmilestonerealty
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 26 at 1:39PM
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 Access Realty
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Investment Insights
Based on property information with market context.
This 2,376-square-foot duplex, built in 2003, contains two matching residences with three bedrooms and two bathrooms apiece. Both have separate entrances and in-unit laundry, with off-street parking available. The lower residence is furnished, while the upper unit has a two-year lease and received a new HVAC system in August.
The property is approximately 10 minutes from TCU, with access to Fort Worth’s Medical District, Magnolia Avenue, downtown, restaurants, shopping, and major roadways.
The property is approximately 10 minutes from TCU, with access to Fort Worth’s Medical District, Magnolia Avenue, downtown, restaurants, shopping, and major roadways.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,376 square feet; built in 2003
- Private entrance and in‑unit laundry for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,599
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,980
$832.0K
Cap Rate 7%
$594,271
$594.3K
Cap Rate 9%
$462,211
$462.2K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$66.1K $27.84/SF
− Vacancy
−$6.7K −$2.83/SF
EGI
$59.4K $25.01/SF
− OpEx
−$17.8K −$7.50/SF
NOI
$41.6K $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%
$831,980
Cap Rate 7%
$594,271
Cap Rate 9%
$462,211
Alternative Uses
Best Use
Multifamily LT 5
$594.3K
$520.0K – $693.3K
NOI $41,599 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$516.1K
$451.6K – $602.2K
NOI $36,129 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$863.1K
$755.2K – $1.01M
NOI $60,417 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes in-unit laundry, and the lower unit is furnished.
Where is this duplex located?
The property is located at 2801 Frazier Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,376 square feet; built in 2003; Private entrance and in‑unit laundry for each residence
