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    Well-Maintained Duplex Investment Title is generated by Realmo AI

    3215 Las Vegas Trail, Fort Worth, TX 76116

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    For Sale
    $409,000

    MULTI_FAMILY - Fort Worth, TX

    Lot size:
    0.23 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 3215 Las Vegas Trail

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2
    Parking
    8
    Parking features
    Garage, Open
    Interior features
    BuiltInFeatures, DecorativeDesignerLightingFixtures, HighSpeedInternet, PanelingWainscoting, CableTv, WalkInClosets
    Fireplace
    1
    Appliances
    Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator
    Standard status
    Active
    APN
    03425541
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    WESTERN HILLS ADD SEC III-VIII BLOCK 5 LOT 4
    Tax Annual Amount
    6466

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Tile
    Building materials
    Brick, WoodSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Kris Franks Franks

    Listing agent Kris Franks Franks License #0586589

    Listing office Franks Realty International Fort Worth, TX

    Listing date Apr 19, 2026

    MLS# 21208409 Listing URL

    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.

    HighLights

    • Duplex built in 1961 with central heating and central air
    • Each unit includes a full two‑car garage and a large, privacy‑fenced backyard
    • Unit mix: one 3‑bedroom/2‑bath unit with covered patio and two primary suites; one 2‑bedroom unit
    • Each unit features an oversized gas fireplace; jack‑and‑jill shared bathroom in the 3‑bedroom side
    • Improvements include new vinyl plank flooring, interior painting, professional gas fireplace restoration, and plumbing upgrades including a new sewer line
    • Currently leased: 2‑bedroom at $1,595 and 3‑bedroom at $1,795 (property is fully occupied)

    Overview

    This well-maintained duplex features two separate homes, each designed for comfort and privacy. Both units include full two-car garages and large, privacy-fenced backyards, with character details throughout. Unit configuration includes one three-bedroom and one two-bedroom, each with two full bathrooms. The living areas offer oversized gas fireplaces, with built-in cabinet features and other mid-century touches. The three-bedroom side also includes a covered patio and two primary suites sharing a jack-and-jill bathroom. The current ownership has completed meaningful updates, including new vinyl plank flooring, new interior painting, professional restoration of the gas fireplaces, and significant plumbing improvements including a new sewer line for much of the property.

    The property is situated on the end of Las Vegas Trail, offering a quieter setting while remaining close to Camp Bowie in West Fort Worth. The neighborhood is described as well maintained. The duplex is fully occupied, and the ownership will arrange showings of both units with an executed contract.

    For investors or owner-occupants, this setup offers immediate income with a practical unit mix of two- and three-bedroom layouts. The strong “home-like” feel of each side, combined with the garage, outdoor space, and recent upgrades, supports tenant appeal and ease of management for a turnkey duplex purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.46509
    Latitude
    32.727047

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    FAQs

    What type of property is this?
    Duplex - Fully occupied West Fort Worth duplex offers two-car garages, fenced backyards, and recent interior and plumbing 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 built in 1961 with central heating and central air; Each unit includes a full two‑car garage and a large, privacy‑fenced backyard; Unit mix: one 3‑bedroom/2‑bath unit with covered patio and two primary suites; one 2‑bedroom unit
    (817) 720-5500
    We can help!
    Listing Contact
    Kris Franks Franks
    Real Estate License ID: 0586589
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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