Leased
For Sale
$600,000
2844 Travis Avenue, Fort Worth, TX 76110
Three residential units are occupied near TCU, the Medical District and downtown Fort Worth.
Property Size3,632 SF
Days on Market16
Property Features for 2844 Travis Avenue
General Information
Standard status
Active
Size
3,632 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Cap Rate
7%
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,279
Building Details
Building Size
3,632 SF
Year Built
1922
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Of America, LLC
Listed By:
Jonathan Cook · License #0634613
(817) 946-0336
Source:
Nilesrealtygroup
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 13 at 12:50AM
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 Fort Worth triplex was built in 1922 and is fully leased. The property is near TCU, the Medical District and downtown Fort Worth.
The reported cap rate is 7%.
The reported cap rate is 7%.
Key Highlights
- Fully leased three‑unit residential property
- Built in 1922
- Reported 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,228
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
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
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 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 10.60%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,228 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,354 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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?
Triplex - Three residential units are occupied 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 $600,000.
What are key features of this property?
This property features: Fully leased three‑unit residential property; Built in 1922; Reported 7% cap rate
