Three-Bedroom
For Sale
$397,000
3129 NW Loraine Street NW, Fort Worth, TX 76106
Two-unit residential property with one leased unit and a vacant unit available for lease-up.
Property Size2,160 SF
Days on Market19
Property Features for 3129 NW Loraine Street NW
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,834
Building Details
Building Size
2,160 SF
Year Built
2008
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Avinit Sijapati · License #0706532
Source:
Nilesrealtygroup
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 29 at 2:59PM
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 Beam Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 2008, this duplex contains two residential units with three-bedroom, two-bath layouts. One unit is currently leased, while the second is vacant, providing access for showings and future lease-up. The configuration offers separately arranged living spaces suited to residential rental use.
The property is located in Rosen Heights at 3129 NW Loraine Street NW in Fort Worth. Highway 820 provides access to Downtown Fort Worth, the Stockyards, North Fort Worth, Saginaw, Keller, and nearby employment centers. The surrounding connectivity supports practical access across several established employment and population areas.
The property is located in Rosen Heights at 3129 NW Loraine Street NW in Fort Worth. Highway 820 provides access to Downtown Fort Worth, the Stockyards, North Fort Worth, Saginaw, Keller, and nearby employment centers. The surrounding connectivity supports practical access across several established employment and population areas.
Key Highlights
- Two‑unit duplex built in 2008
- Both units feature three‑bedroom, two‑bath layouts
- One unit is leased and the second unit is vacant
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
8.27%
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 9.53%
Second Best
Apartment 5plus
$469.2K
$410.6K – $547.4K
NOI $32,845 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$784.6K
$686.6K – $915.4K
NOI $54,924 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
187
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 - Two-unit residential property with one leased unit and a vacant unit available for lease-up.
Where is this duplex located?
The property is located at 3129 NW Loraine Street NW Fort Worth, TX.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2008; Both units feature three‑bedroom, two‑bath layouts; One unit is leased and the second unit is vacant
