2961 Marys Lane Fort Worth, TX 76116
MULTI_FAMILY - Fort Worth, TX
Property Features for 2961 Marys Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Driveway, Carport
- Interior features
- HighSpeedInternet, CableTv
- Exterior features
- PrivateYard, RainGutters
- Appliances
- Dishwasher, ElectricRange, Disposal
- Standard status
- Pending
- APN
- 07124090
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- ANDREWS, MYRTLE B SUBDIVISION BLOCK 1 LOT 2A
- Tax Annual Amount
- 3281
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
- 1959
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile, Wood
- Building materials
- Brick
- Roof type
- Composition
Listing agent Rod Holland License #0361507 (972) 772-7000
Listing office Keller Williams Rockwall Rockwall, TX (972) 772-7000
Listing date Jun 25, 2026
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Investment Insights
Based on property information with market context.
Located in Fort Worth, Texas (76116), the property sits on a manageable lot and has additional exterior updates, including a newly poured driveway in 2025 and a freshly painted carport.
This configuration is well suited for investors seeking two rental incomes with meaningful interior upgrades, or owner-occupants looking for live-in flexibility while generating income from the second unit. The blend of functional updates and outdoor usability makes it a strong option for buyers who want less immediate work and more day-to-day appeal.
Key Highlights
- Well‑maintained brick duplex with 1,801 sq ft total living area (761 sq ft and 1,040 sq ft units).
- Private, gated shared outdoor area with separate seating areas for each side of the duplex.
- 761 sq ft unit updated in 2019 with refreshed kitchen and bath, reconfigured washer & dryer space, and covered patio plus back bedroom exterior door.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.1k | $27.84 |
| − Vacancy | −$5.1k | −$2.83 |
| EGI | $45.0k | $25.01 |
| − OpEx | −$13.5k | −$7.50 |
| NOI | $31.5k | $17.51 |
