Fully Updated Duplex Income
4000 Fair Park Boulevard Fort Worth, TX 76115
For Sale
$345,000
Turnkey duplex with two 2-bedroom, 1-bath units, including modern updates and one unit leased through August 2026.
Property Size1,372 SF
Price / SF$251.46
Days on Market113
Property Features for 4000 Fair Park Boulevard
General Information
Standard status
Active
Size
1,372 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
1984
Listing Agency:
Country 'N' City Realty, LLC
(469) 560-5705
Listed By:
Erin Brakke · License #0735096
(469) 560-5705
Source:
Compass
Added: Apr 7
Changed: Jul 23
Last Checked: Jul 23 at 12:58AM
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 Country 'N' City Realty, LLC
Investment Insights
Based on property information with market context.
This fully updated duplex offers two separate 2-bedroom, 1-bath income units in a well-maintained layout. The property has undergone renovations completed in 2024–2025, including updated plumbing, lighting, cabinets and hardware, fixtures, quartz countertops, and brand-new tubs. Improvements also include new windows, HVAC systems, water heaters, thermostats, and electrical outlets, along with stylish flooring throughout with no carpet.
Recent exterior updates include a new roof with 50-year architectural shingles, fresh sod, and new fencing. Both sides include a refrigerator, washer, and dryer, with stainless steel appliances installed in 2025.
One unit is currently leased through August 2026, while the other unit is vacant and ready for a new tenant or owner-occupant. The property backs up to open fields in a quiet neighborhood and is located minutes from La Gran Plaza de Fort Worth, with schools and parks within walking distance.
Recent exterior updates include a new roof with 50-year architectural shingles, fresh sod, and new fencing. Both sides include a refrigerator, washer, and dryer, with stainless steel appliances installed in 2025.
One unit is currently leased through August 2026, while the other unit is vacant and ready for a new tenant or owner-occupant. The property backs up to open fields in a quiet neighborhood and is located minutes from La Gran Plaza de Fort Worth, with schools and parks within walking distance.
Key Highlights
- Duplex with 2 total units: two 2‑bedroom, 1‑bath income units totaling nearly 1,400 sq. ft.
- One unit is leased through August 2026; the other side is vacant and ready for a new tenant or owner‑occupant.
- Renovations completed in 2024–2025 with updated plumbing, lighting, cabinets/hardware/fixtures, quartz countertops, and brand‑new tubs.
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 | $38.2k | $27.84 |
| − Vacancy | −$3.9k | −$2.83 |
| EGI | $34.3k | $25.01 |
| − OpEx | −$10.3k | −$7.50 |
| NOI | $24.0k | $17.51 |
1,372 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.2K
$300.3K – $400.4K
NOI $24,021 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$498.4K
$436.1K – $581.5K
NOI $34,887 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with two 2-bedroom, 1-bath units, including modern updates and one unit leased through August 2026.
Where is this duplex located?
The property is located at 4000 Fair Park Boulevard Fort Worth, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Duplex with 2 total units: two 2‑bedroom, 1‑bath income units totaling nearly 1,400 sq. ft.; One unit is leased through August 2026; the other side is vacant and ready for a new tenant or owner‑occupant.; Renovations completed in 2024–2025 with updated plumbing, lighting, cabinets/hardware/fixtures, quartz countertops, and brand‑new tubs.
