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 Market64
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
Listed By:
Avinit Sijapati · License #0706532
(972) 484-6644
Source:
Nilesrealtygroup
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 13 at 3:57AM
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 / Yr
$32,845
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
