3124 Cherry Lane Fort Worth, TX 76116
MULTI_FAMILY - Fort Worth, TX
Property Features for 3124 Cherry Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 2
- Parking features
- Garage
- Patio and Porch features
- Patio
- Interior features
- GraniteCounters, OpenFloorplan
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 41493060
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- BROADMOOR ADDITION-FORT WORTH BLOCK 16 LOT 8
- Tax Annual Amount
- 7069
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agent Scott Richardson License #0568809 (877) 727-4767
Listing office Turn Key Real Estate Mgmt LLC Fort Worth, TX (877) 727-4767
Listing date Jul 13, 2026
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.
The property is located at 3124-3126 Cherry Lane in Fort Worth, Texas (76116) in Tarrant County. Electricity and water are separately metered, with resident responsibility for utilities.
Unit details include 3124 Cherry Lane with a lease expiring in March 2027, and 3126 Cherry Lane listed as vacant for showings and currently available to lease. Notable improvements include a new roof installed in 2023.
Key Highlights
- 2007‑built duplex with two attached garages and privacy fenced yards
- Each unit features 3 bedrooms and 2 bathrooms; total building size is 2,236 SF
- Separate utilities: electricity and water are separately metered, with residents responsible
Local Financial Insights For Apartment 5plus
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 | $69.2k | $30.96 |
| − Vacancy | −$7.4k | −$3.31 |
| EGI | $61.8k | $27.65 |
| − OpEx | −$27.8k | −$12.44 |
| NOI | $34.0k | $15.21 |
