Updated Duplex with Shared
3236 Merida Avenue Unit 2 Fort Worth, TX 76109
3236 Merida Avenue Unit 2, Fort Worth, TX, 76109
$535,000
For Sale
$535,000
Duplex offers two 2-bedroom, 1-bath units with private two-car driveway, included washer and dryer, and a fenced shared yard.
Property Size1,728 SF
Price / SF$309.61
Days on Market26
Property Features for 3236 Merida Avenue Unit 2
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1985
Listing agency
League Real Estate
(817) 925-2690
Listed by
Lisa Bradberry · License #0774371
(817) 925-2690
Source
Compass
Added: Jun 27 Updated: Jul 22 at 4:57AM Checked: Jul 22 at 4:57AM
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
Investment Insights
Based on property information with market context.
This duplex includes two units, each with 2 bedrooms and 1 bathroom. Interiors feature a spacious living area, a dedicated dining area, and a well-equipped kitchen with abundant cabinet space and a pantry. Vinyl flooring runs through the main living areas, while bedrooms have carpeting. A washer and dryer are included, and each unit has access to a private two-car driveway with off-street parking. The shared backyard is fenced. Recent improvements include a roof and air conditioner installed approximately five years ago, and one side of the duplex has been updated with newer flooring and countertops.
The property is located near TCU, as well as schools, shopping, dining, and local amenities.
Each unit is configured for comfortable day-to-day living with dedicated common space and in-unit laundry convenience.
The property is located near TCU, as well as schools, shopping, dining, and local amenities.
Each unit is configured for comfortable day-to-day living with dedicated common space and in-unit laundry convenience.
Key Highlights
- Duplex with 2 total units, each offering 2 bedrooms and 1 bathroom
- Each unit includes a private 2‑car driveway with off‑street parking
- Included washer and dryer for added in‑unit convenience
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 5.65%
Second Best
Apartment 5plus
$375.4K
$328.5K – $437.9K
NOI $26,276 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 8.21%
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 - Duplex offers two 2-bedroom, 1-bath units with private two-car driveway, included washer and dryer, and a fenced shared yard.
Where is this duplex located?
The property is located at 3236 Merida Avenue Unit 2 Fort Worth, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Duplex with 2 total units, each offering 2 bedrooms and 1 bathroom; Each unit includes a private 2‑car driveway with off‑street parking; Included washer and dryer for added in‑unit convenience
