Duplex with Shared Fenced
3236 Merida Avenue Fort Worth, TX 76109
3236 Merida Avenue, Fort Worth, TX, 76109
$600,000
For Sale
$600,000
Two-unit duplex offers two bedrooms, one bath per side, a shared fenced backyard, and off-street parking.
Property Size1,728 SF
Price / SF$347.22
Days on Market83
Property Features for 3236 Merida Avenue
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1987
Listing agency
Mission Real Estate Group
(210) 690-0050
Listed by
Joe Iley · License #0554437
(210) 690-0050
Source
Compass
Added: May 1 Updated: Jul 22 at 3:12AM Checked: Jul 22 at 3:12AM
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 Mission Real Estate Group
Investment Insights
Based on property information with market context.
This duplex features two separate 2-bedroom, 1-bath residences, with each side including a living room and dining area. Kitchens include plenty of cabinet space and a pantry, with vinyl floors throughout the main areas and carpet in the bedrooms. The property also includes a washer and dryer for the unit.
A fenced-in backyard is shared between the two sides, and off-street parking is provided via a dedicated two-car driveway. The home is described as being blocks away from TCU, in a quiet neighborhood with nearby residents.
Inside each unit, the layout supports everyday living with a defined kitchen, dining, and living area, along with in-unit laundry access and bedroom carpeting.
A fenced-in backyard is shared between the two sides, and off-street parking is provided via a dedicated two-car driveway. The home is described as being blocks away from TCU, in a quiet neighborhood with nearby residents.
Inside each unit, the layout supports everyday living with a defined kitchen, dining, and living area, along with in-unit laundry access and bedroom carpeting.
Key Highlights
- 2‑unit duplex with 2 bedrooms and 1 bathroom per side
- Shared fenced backyard with both units
- Off‑street parking with a shared 2‑car driveway
Local Financial Insights For Multifamily LT 5
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 | $48.1k | $27.84 |
| − Vacancy | −$4.9k | −$2.83 |
| EGI | $43.2k | $25.01 |
| − OpEx | −$13.0k | −$7.50 |
| NOI | $30.3k | $17.51 |
1,728 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.2K – $504.2K
NOI $30,254 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$375.4K
$328.5K – $437.9K
NOI $26,276 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex offers two bedrooms, one bath per side, a shared fenced backyard, and off-street parking.
Where is this duplex located?
The property is located at 3236 Merida Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2‑unit duplex with 2 bedrooms and 1 bathroom per side; Shared fenced backyard with both units; Off‑street parking with a shared 2‑car driveway
