Updated Duplex with Flexible Unit
For Sale
$375,000
Pending
2971 Loving Avenue, Fort Worth, TX 76106
Vacant two-unit property with central air, refreshed interiors, and kitchen appliances in both living spaces.
Property Size2,256 SF
Days on Market222
Property Features for 2971 Loving Avenue
General Information
Standard status
Pending
Size
2,256 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
Central Air
Central
Carpet, Ceramic Tile, Luxury Vinyl Plank
Dishwasher, Disposal, Electric Range
Decorative Lighting, Open Floorplan
No
Composition
One
1
Slab
Public Records
2
Brick
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Real Sense Real Estate
Listed By:
Ariel Del Fierro · License #0692386
(817) 524-5790
Source:
Compass
Added: Mar 12
Changed: Oct 10
Last Checked: Oct 16 at 11:26AM
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 Real Sense Real Estate
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Investment Insights
Based on property information with market context.
Located at 2971 Loving Avenue in Fort Worth, this duplex was built in 2004 and recently updated. The property contains 2,256 square feet and offers a three-bedroom, two-bathroom unit alongside a two-bedroom, one-bathroom unit. Both residences are currently vacant, allowing a new owner to determine leasing arrangements and tenant placement.
Interior features include central air, open floorplans, decorative lighting, carpet, ceramic tile, and luxury vinyl plank flooring. Kitchens are equipped with dishwashers, disposals, and electric ranges. Exterior construction details include brick, a slab foundation, and a composition element. The property is positioned for buyers seeking a duplex with a defined unit mix and recently refreshed living areas.
Interior features include central air, open floorplans, decorative lighting, carpet, ceramic tile, and luxury vinyl plank flooring. Kitchens are equipped with dishwashers, disposals, and electric ranges. Exterior construction details include brick, a slab foundation, and a composition element. The property is positioned for buyers seeking a duplex with a defined unit mix and recently refreshed living areas.
Key Highlights
- 2,256‑square‑foot duplex built in 2004
- Unit mix includes 3 bedrooms and 2 full bathrooms plus 2 bedrooms and 1 bathroom
- Both units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,305
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,100
$686.1K
Cap Rate 7%
$490,071
$490.1K
Cap Rate 9%
$381,167
$381.2K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$69.8K $30.96/SF
− Vacancy
−$7.5K −$3.31/SF
EGI
$62.4K $27.65/SF
− OpEx
−$28.1K −$12.44/SF
NOI
$34.3K $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%
$686,100
Cap Rate 7%
$490,071
Cap Rate 9%
$381,167
Alternative Uses
Best Use
Multifamily LT 5
$564.3K
$493.7K – $658.3K
NOI $39,498 @ 7.0% cap · market cap 10.53%
Second Best
Apartment 5plus
$490.1K
$428.8K – $571.8K
NOI $34,305 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$819.5K
$717.1K – $956.1K
NOI $57,366 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
358
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with central air, refreshed interiors, and kitchen appliances in both living spaces.
Where is this duplex located?
The property is located at 2971 Loving Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,256‑square‑foot duplex built in 2004; Unit mix includes 3 bedrooms and 2 full bathrooms plus 2 bedrooms and 1 bathroom; Both units are currently vacant
