Six-Bedroom Duplex with Private
For Sale
$399,000
2900 NW 29th Street, Fort Worth, TX 76106
Corner duplex with refreshed interiors, separate entrances, and access to schools, shopping, and major routes.
Property Size2,160 SF
Days on Market19
Property Features for 2900 NW 29th Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,365
Building Details
Building Size
2,160 SF
Year Built
2007
Buildings
1
Listing Agency:
Wofford Realty
(817) 918-4303
Listed By:
Monica Wofford · License #0555728
Source:
Nilesrealtygroup
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 29 at 2:29PM
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 Wofford Realty
Investment Insights
Based on property information with market context.
Built in 2007, this duplex provides two separately accessed residences, each configured with three bedrooms and two bathrooms. Both sides feature newly painted interiors, new flooring, generous living areas, and practical layouts suited to everyday occupancy. Private entrances add separation between the residences and support straightforward management.
The property occupies a corner location in Fort Worth with access to nearby schools, shopping, and major routes. Its two-unit configuration can accommodate an owner-occupant seeking a residence alongside a leased unit, or continued residential income use, subject to applicable terms and occupancy conditions.
The property occupies a corner location in Fort Worth with access to nearby schools, shopping, and major routes. Its two-unit configuration can accommodate an owner-occupant seeking a residence alongside a leased unit, or continued residential income use, subject to applicable terms and occupancy conditions.
Key Highlights
- Two‑unit duplex built in 2007
- Each residence has 3 bedrooms and 2 bathrooms
- Fresh paint and new flooring throughout both sides
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
$32,845
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
8.23%
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%
$656,900
$656.9K
Cap Rate 7%
$469,214
$469.2K
Cap Rate 9%
$364,944
$364.9K
Market Conditions
NOI Build-Up for 2,160 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
$66.9K $30.96/SF
− Vacancy
−$7.2K −$3.31/SF
EGI
$59.7K $27.65/SF
− OpEx
−$26.9K −$12.44/SF
NOI
$32.8K $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%
$656,900
Cap Rate 7%
$469,214
Cap Rate 9%
$364,944
Alternative Uses
Best Use
Multifamily LT 5
$540.2K
$472.7K – $630.3K
NOI $37,817 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$469.2K
$410.6K – $547.4K
NOI $32,845 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$784.6K
$686.6K – $915.4K
NOI $54,924 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 76106, TX
36,521
Population
11,543
Households
3.2
Avg Household Size
30
Median Age
6%
College-Educated
54%
High-School Grad
14.5 sq mi
ZIP Area
2,519
Density / Sq Mi
$53,486
Median Household Income
$31,419
Median Earnings
$1,179
Median Rent
$167,600
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?
Duplex - Corner duplex with refreshed interiors, separate entrances, and access to schools, shopping, and major routes.
Where is this duplex located?
The property is located at 2900 NW 29th Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2007; Each residence has 3 bedrooms and 2 bathrooms; Fresh paint and new flooring throughout both sides
