Duplex with Shared Fenced
For Sale
$499,000
3236 Merida Avenue 2, Fort Worth, TX 76109
Two-unit duplex offers two bedrooms, one bath per side, a shared fenced backyard, and off-street parking.
Property Size1,728 SF
Days on Market171
Property Features for 3236 Merida Avenue 2
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Bluebonnet Place
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,756
Amenities
fenced backyard
washer and dryer
Building Details
Building Size
1,728 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
League Real Estate
Listed By:
Lisa Bradberry · License #0774371
(817) 925-2690
Source:
Nilesrealtygroup
Added: May 8
Changed: Oct 19
Last Checked: Oct 25 at 12:50AM
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 League Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,254
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,080
$605.1K
Cap Rate 7%
$432,200
$432.2K
Cap Rate 9%
$336,156
$336.2K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$48.1K $27.84/SF
− Vacancy
−$4.9K −$2.83/SF
EGI
$43.2K $25.01/SF
− OpEx
−$13.0K −$7.50/SF
NOI
$30.3K $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%
$605,080
Cap Rate 7%
$432,200
Cap Rate 9%
$336,156
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.2K – $504.2K
NOI $30,254 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$375.4K
$328.5K – $437.9K
NOI $26,276 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 2 Fort Worth, TX.
What is the asking price?
The asking price for this property is $499,000.
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
