Renovated Duplex Near
For Sale
$305,000
2837 Avenue J, Fort Worth, TX 76105
Two updated residences offer central air, dedicated kitchen areas, and washer and dryer hookups in each unit.
Property Size1,800 SF
Price / SF$169.44
Days on Market214
Property Features for 2837 Avenue J
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
central a.c.
breakfast kitchen
washer and dryer connections
Ceiling Fan(s), Central Air, Electric
Central, Electric
No
Ceramic Tile
Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Cable TV Available, Decorative Lighting
Shingle
One
Fenced
1
Slab
Public Records
2
Brick
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Great Real Estate, Inc.
Listed By:
Maria Madigan · License #0592131
(682) 433-6716
Source:
Compass
Added: Mar 17
Changed: Oct 13
Last Checked: Oct 15 at 2:05AM
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 Great Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,800 square feet and was built in 2005. Each residence provides three bedrooms and 1.5 baths, along with central air, a kitchen with breakfast-area functionality, and full-size washer and dryer connections. Both units have undergone full renovations, with ceramic tile and a broad appliance package that includes dishwashers, electric cooktops, ovens, ranges, water heaters, microwaves, and refrigerators.
The duplex is located near Texas Wesleyan University in Fort Worth. Additional interior features include ceiling fans, decorative lighting, and cable TV availability. The property offers a straightforward two-unit configuration with consistent layouts and updated finishes across both residences.
The duplex is located near Texas Wesleyan University in Fort Worth. Additional interior features include ceiling fans, decorative lighting, and cable TV availability. The property offers a straightforward two-unit configuration with consistent layouts and updated finishes across both residences.
Key Highlights
- Two‑unit duplex totaling 1,800 square feet
- Each unit includes 3 bedrooms and 1.5 baths
- Both units have been fully renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,371
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,420
$547.4K
Cap Rate 7%
$391,014
$391.0K
Cap Rate 9%
$304,122
$304.1K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$55.7K $30.96/SF
− Vacancy
−$6.0K −$3.31/SF
EGI
$49.8K $27.65/SF
− OpEx
−$22.4K −$12.44/SF
NOI
$27.4K $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%
$547,420
Cap Rate 7%
$391,014
Cap Rate 9%
$304,122
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$393.9K – $525.2K
NOI $31,514 @ 7.0% cap · market cap 10.33%
Second Best
Apartment 5plus
$391.0K
$342.1K – $456.2K
NOI $27,371 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$653.9K
$572.1K – $762.8K
NOI $45,770 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 76105, TX
23,445
Population
7,667
Households
3.1
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
5.9 sq mi
ZIP Area
3,974
Density / Sq Mi
$46,482
Median Household Income
$27,987
Median Earnings
$1,172
Median Rent
$117,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer central air, dedicated kitchen areas, and washer and dryer hookups in each unit.
Where is this duplex located?
The property is located at 2837 Avenue J Fort Worth, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,800 square feet; Each unit includes 3 bedrooms and 1.5 baths; Both units have been fully renovated
