2007 Duplex with Attached
3151 Karen Street Fort Worth, TX 76116
For Sale
$370,000
Turnkey 2007-built duplex with two 3-bedroom, 2-bath units, each with an attached 1-car garage and interior laundry.
Property Size2,188 SF
Price / SF$169.10
Days on Market177
Property Features for 3151 Karen Street
General Information
Standard status
Active
Size
2,188 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
2007
Listing Agency:
Prime Properties Realty
(817) 818-9160
Listed By:
Levi Mills · License #0663266
(817) 818-9160
Source:
Compass
Added: Feb 3
Changed: Jul 22
Last Checked: Jul 29 at 1:20PM
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 Prime Properties Realty
Investment Insights
Based on property information with market context.
Built in 2007, this well-maintained duplex offers two separate 3-bedroom, 2-bath units with interior laundry and attached 1-car garages. Each unit is a similar, functional layout designed for long-term residential tenancy.
The property is located just off I-30 with immediate access to Hwy 183, 820, Downtown Fort Worth, the Medical District, and major employment centers including Lockheed Martin and NAS JRB. This employment-driven corridor supports consistent leasing demand.
One unit has recently been updated and is currently vacant, while the second unit is scheduled to vacate by March 1. That timing provides an opportunity to reset rents across both units.
The property is located just off I-30 with immediate access to Hwy 183, 820, Downtown Fort Worth, the Medical District, and major employment centers including Lockheed Martin and NAS JRB. This employment-driven corridor supports consistent leasing demand.
One unit has recently been updated and is currently vacant, while the second unit is scheduled to vacate by March 1. That timing provides an opportunity to reset rents across both units.
Key Highlights
- 2007 duplex with 2 units total, each unit is a 3‑bedroom, 2‑bath layout
- Each unit offers 1,094 SF (assessor) plus an attached 1‑car garage and interior laundry
- Central air and electric heat; electric water heater, microwave, dishwasher, disposal, electric cooktop and oven/range included
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 | $67.7k | $30.96 |
| − Vacancy | −$7.2k | −$3.31 |
| EGI | $60.5k | $27.65 |
| − OpEx | −$27.2k | −$12.44 |
| NOI | $33.3k | $15.21 |
2,188 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.3K
$478.9K – $638.5K
NOI $38,308 @ 7.0% cap · market cap 10.35%
Second Best
Apartment 5plus
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$794.8K
$695.5K – $927.3K
NOI $55,636 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey 2007-built duplex with two 3-bedroom, 2-bath units, each with an attached 1-car garage and interior laundry.
Where is this duplex located?
The property is located at 3151 Karen Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 2007 duplex with 2 units total, each unit is a 3‑bedroom, 2‑bath layout; Each unit offers 1,094 SF (assessor) plus an attached 1‑car garage and interior laundry; Central air and electric heat; electric water heater, microwave, dishwasher, disposal, electric cooktop and oven/range included
