Unique Duplex with Two-Car
3215 Las Vegas Trail Fort Worth, TX 76116
3215 Las Vegas Trail, Fort Worth, TX, 76116
$409,000
For Sale
$409,000
Duplex featuring garages, fenced yards, and recent upgrades.
Property Size2,394 SF
Price / SF$170.84
Days on Market202
Property Features for 3215 Las Vegas Trail
General Information
- Standard status
- Active
- Size
- 2,394 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1961
Listing Agency
Franks Realty International
(817) 805-2400
Listed by
Kris Franks · License #0586589
(817) 805-2400
Source
Compass
Added: Dec 27, 2025 Checked: Jul 17 at 3:57 am
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 Franks Realty International
Investment Insights
Based on property information with market context.
This unique duplex features two units, each with a full two-car garage and a large, privacy-fenced backyard. One unit has three bedrooms and the other has two bedrooms, with each unit containing two full bathrooms. Both units include an over-sized gas fireplace. The mid-century units feature cabinet built-ins. The three-bedroom side includes a covered patio and two primary suites sharing a Jack and Jill bathroom. The three-bedroom unit, with a potential rent of $1795 per month, is currently vacant. The two-bedroom unit is leased to tenants of two years for $1595. Recent improvements include new vinyl plank flooring, professional restoration of the gas fireplaces, complete new interior painting, and significant plumbing upgrades, including a new sewer line for much of the property. The property size is 2394 square feet.
Key Highlights
- Duplex with strong income potential: one unit vacant at $1795/month, one leased at $1595/month.
- Each unit has a full two‑car garage and a large, privacy‑fenced backyard.
- Recent upgrades include new vinyl plank flooring, restored gas fireplaces, new interior painting, and significant plumbing improvements including a new sewer line.
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 | $74.1k | $30.96 |
| − Vacancy | −$7.9k | −$3.31 |
| EGI | $66.2k | $27.65 |
| − OpEx | −$29.8k | −$12.44 |
| NOI | $36.4k | $15.21 |
2,394 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.8K
$523.9K – $698.6K
NOI $41,914 @ 7.0% cap · market cap 10.25%
Second Best
Apartment 5plus
$520.0K
$455.0K – $606.7K
NOI $36,403 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$869.6K
$760.9K – $1.01M
NOI $60,875 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex featuring garages, fenced yards, and recent upgrades.
Where is this duplex located?
The property is located at 3215 Las Vegas Trail Fort Worth, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Duplex with strong income potential: one unit vacant at $1795/month, one leased at $1595/month.; Each unit has a full two‑car garage and a large, privacy‑fenced backyard.; Recent upgrades include new vinyl plank flooring, restored gas fireplaces, new interior painting, and significant plumbing improvements including a new sewer line.
