Fully Leased
For Sale
$640,000
2844 Travis Avenue, Fort Worth, TX 76110
Three-unit residential property near TCU, the Medical District, and downtown Fort Worth.
Property Size3,632 SF
Days on Market40
Property Features for 2844 Travis Avenue
General Information
Standard status
Active
Size
3,632 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$4,279
Building Details
Building Size
3,632 SF
Year Built
1922
Listing Agency:
Realty Of America, LLC
Listed By:
Jonathan Cook · License #0634613
(817) 946-0336
Source:
Nilesrealtygroup
Added: Jul 26
Changed: Aug 30
Last Checked: Sep 2 at 9:23PM
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 three-unit residential income property was constructed in 1922 and is currently fully leased. The occupied configuration provides an established operating profile, with a reported 7% cap rate. The property has been maintained and is positioned for continued residential income use.
Located at 2844 Travis Avenue in Fort Worth, the triplex is near TCU, the Medical District, and downtown. Its location places the property within an established urban setting with access to several of Fort Worth’s major destinations.
Located at 2844 Travis Avenue in Fort Worth, the triplex is near TCU, the Medical District, and downtown. Its location places the property within an established urban setting with access to several of Fort Worth’s major destinations.
Key Highlights
- Three‑unit triplex constructed in 1922
- Fully leased residential income property
- Reported 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,228
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,104,560
$1.1M
Cap Rate 7%
$788,971
$789.0K
Cap Rate 9%
$613,644
$613.6K
Market Conditions
NOI Build-Up for 3,632 SF
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.
Gross rent
$112.4K $30.96/SF
− Vacancy
−$12.0K −$3.31/SF
EGI
$100.4K $27.65/SF
− OpEx
−$45.2K −$12.44/SF
NOI
$55.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,104,560
Cap Rate 7%
$788,971
Cap Rate 9%
$613,644
Alternative Uses
Best Use
Multifamily LT 5
$908.4K
$794.9K – $1.06M
NOI $63,589 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,228 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,354 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
740
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property near TCU, the Medical District, and downtown Fort Worth.
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 $640,000.
What are key features of this property?
This property features: Three‑unit triplex constructed in 1922; Fully leased residential income property; Reported 7% cap rate
