Fully Leased
For Sale
$640,000
2844 Travis Avenue, Fort Worth, TX 76110
ResidentialIncome, Fort Worth, TX
Property Size3,632 SF
Lot Size0.17 Acres
Price / SF$176.21
Days on Market86
Property Features for 2844 Travis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 2
Parking features
On Street
Interior features
HighSpeedInternet, CableTv
Exterior features
PrivateEntrance
Appliances
Dishwasher, GasRange
Subdivision
South Hemphill Heights Add
Lot features
Corner Lot, Few Trees
Elementary school
Daggett
Middle school
Daggett
High school
Paschal
Elementary school district
Fort Worth ISD
Middle school district
Fort Worth ISD
High school district
Fort Worth ISD
Directions
From I35 go west on E. Berry St., turn right onto Hemphill St., left onto Lowden and right onto Travis.
Standard status
Active
APN
02814374
Size
3,632 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
SOUTH HEMPHILL HEIGHTS ADDN BLOCK 13 LOT 13
Tax Annual Amount
4279
Legal Description
SOUTH HEMPHILL HEIGHTS ADDN BLOCK 13 LOT 13
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Building Details
Year built
1922
Floors in Building
2
Number of units
3
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Composition
Listing Agency:
Realty Of America, LLC
(512) 788-9495
Listed By:
Jonathan Cook · License #0634613
(817) 946-0336
Added: Jun 25
Changed: Sep 17
Last Checked: Sep 18 at 6:06PM
MLS# 21205127
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,632-square-foot triplex occupies a 0.172-acre lot and was built in 1922. The property includes brick construction, wood and tile flooring, private entrances, dishwashers, and gas ranges. Central heating and cooling are supported by natural gas, electric service, and ceiling fans. Public water and sewer serve the property, while parking is available on the street.
The asset is fully leased and reports a 7% cap rate. Its Fort Worth setting places it minutes from TCU, the Medical District, and downtown. The property also includes high-speed internet and cable TV, with a composition roof and electric cooling systems.
The asset is fully leased and reports a 7% cap rate. Its Fort Worth setting places it minutes from TCU, the Medical District, and downtown. The property also includes high-speed internet and cable TV, with a composition roof and electric cooling systems.
Key Highlights
- Fully leased triplex with a reported 7% cap rate
- 3,632 SF building on a 0.172‑acre lot
- Built in 1922 with brick construction
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
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Brick construction, central HVAC, and private entrances serve the three-unit residential configuration.
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: Fully leased triplex with a reported 7% cap rate; 3,632 SF building on a 0.172‑acre lot; Built in 1922 with brick construction
