Furnished Updated
For Sale
$525,000
3217 Greene Ave, Fort Worth, TX 76109
Vacant two-residence property with furnishings, refreshed systems, shared outdoor space, and convenient access to Fort Worth destinations.
Property Size1,674 SF
Price / SF$313.62
Days on Market50
Property Features for 3217 Greene Ave
General Information
Standard status
Active
Size
1,674 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Bluebonnet Place
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
fireplace
shared backyard
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Berkshire HathawayHS PenFed TX
Listed By:
Russell Rhodes · License #0484034
(866) 225-5778
Source:
Realtexasrealty
Added: Sep 6
Changed: Oct 8
Last Checked: Oct 7 at 4:35PM
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 Berkshire HathawayHS PenFed TX
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Investment Insights
Based on property information with market context.
This two-unit residential property combines 1,674 square feet with a furnished, vacant setup ready for a new leasing plan. The interiors feature wood flooring, crown molding, bright kitchens, and a fireplace in the primary living area. Each residence includes a refrigerator, washer, and dryer, while the shared backyard provides outdoor space and Unit 3219 has dedicated driveway parking.
Recent work includes replacement of the electrical panel, water heaters, and HVAC systems, along with PVC plumbing updates. The property is located near TCU, Colonial Country Club, the Fort Worth Zoo, downtown Fort Worth, and nearby dining and entertainment options.
Recent work includes replacement of the electrical panel, water heaters, and HVAC systems, along with PVC plumbing updates. The property is located near TCU, Colonial Country Club, the Fort Worth Zoo, downtown Fort Worth, and nearby dining and entertainment options.
Key Highlights
- Full duplex with two complete residences under one roof
- 1,674 square feet; furnished and entirely vacant
- Wood flooring, crown molding, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,308
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,160
$586.2K
Cap Rate 7%
$418,686
$418.7K
Cap Rate 9%
$325,644
$325.6K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$46.6K $27.84/SF
− Vacancy
−$4.7K −$2.83/SF
EGI
$41.9K $25.01/SF
− OpEx
−$12.6K −$7.50/SF
NOI
$29.3K $17.51/SF
Area
Fort Worth, TX
Vacancy
10.16%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,160
Cap Rate 7%
$418,686
Cap Rate 9%
$325,644
Alternative Uses
Best Use
Multifamily LT 5
$418.7K
$366.4K – $488.5K
NOI $29,308 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$363.6K
$318.2K – $424.3K
NOI $25,455 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$608.1K
$532.1K – $709.4K
NOI $42,566 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
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Business Placement
Demographics for 76109, TX
25,373
Population
11,573
Households
2.2
Avg Household Size
33
Median Age
72%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
3,094
Density / Sq Mi
$104,301
Median Household Income
$55,265
Median Earnings
$1,700
Median Rent
$599,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-residence property with furnishings, refreshed systems, shared outdoor space, and convenient access to Fort Worth destinations.
Where is this duplex located?
The property is located at 3217 Greene Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Full duplex with two complete residences under one roof; 1,674 square feet; furnished and entirely vacant; Wood flooring, crown molding, and a fireplace
