Fully Leased Triplex
2844 Travis Avenue Fort Worth, TX 76110
For Sale
$700,000
Fully leased triplex property in Fort Worth, maintained for a seamless turnkey transition for the next owner.
Property Size3,632 SF
Price / SF$192.73
Days on Market132
Property Features for 2844 Travis Avenue
General Information
Standard status
Active
Size
3,632 SF
Property subtype
Multi-Family / Triplex
Building Details
Year Built
1922
Listing Agency:
Realty Of America, LLC
(817) 675-3907
Listed By:
Jonathan Cook · License #0634613
(817) 675-3907
Source:
Compass
Added: Mar 19
Changed: Jul 22
Last Checked: Jul 27 at 12:03PM
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 Realty Of America, LLC
Investment Insights
Based on property information with market context.
This fully leased triplex is positioned as a stabilized, income-producing residential income asset. The property is described as thoughtfully maintained and presented as turnkey for a seamless transition to the next owner. The offering also notes a cap rate of 6.43% after expenses.
Located in the heart of Fort Worth, the property is described as being just minutes from TCU, the Medical District, and downtown, supporting convenient access to major employment and campus areas.
Located in the heart of Fort Worth, the property is described as being just minutes from TCU, the Medical District, and downtown, supporting convenient access to major employment and campus areas.
Key Highlights
- Fully leased 3‑unit triplex in Fort Worth
- 2‑story brick construction built in 1922 with composition roof
- 3,632 SF total living area (building area source: owner)
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 | $101.1k | $27.84 |
| − Vacancy | −$10.3k | −$2.83 |
| EGI | $90.8k | $25.01 |
| − OpEx | −$27.3k | −$7.50 |
| NOI | $63.6k | $17.51 |
3,632 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$908.4K
$794.9K – $1.06M
NOI $63,589 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,228 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,354 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased triplex property in Fort Worth, maintained for a seamless turnkey transition for the next owner.
Where is this triplex located?
The property is located at 2844 Travis Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fully leased 3‑unit triplex in Fort Worth; 2‑story brick construction built in 1922 with composition roof; 3,632 SF total living area (building area source: owner)
