Fully Leased
New
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 Market2
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 5, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 3
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
Natural Gas, Central
Cooling system
Electric, Ceiling Fan(s), 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: Sep 25
Last Checked: Sep 26 at 12:06PM
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.
Built in 1922, this brick triplex contains 3,632 square feet on a 0.172-acre parcel. The property is fully leased and reports a 7% cap rate. Interior finishes include tile and wood flooring, with central heating and air conditioning; ceiling fans are also present. Dishwashers and gas ranges are among the listed appliances. Each unit has a private entrance.
The property is in Fort Worth, within minutes of TCU, the Medical District, and downtown. Public water and sewer serve the site, and parking is on the street.
The property is in Fort Worth, within minutes of TCU, the Medical District, and downtown. Public water and sewer serve the site, and parking is on the street.
Key Highlights
- Three‑unit residential property totaling 3,632 square feet
- Fully leased with a 7% cap rate
- 0.172‑acre parcel; built in 1922
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 - The residential property is occupied under leases and has public water and sewer service.
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 residential property totaling 3,632 square feet; Fully leased with a 7% cap rate; 0.172‑acre parcel; built in 1922
