Fully Updated Income
4000 Fair Park Boulevard, Fort Worth, TX 76115
MULTI_FAMILY - Fort Worth, TX
Property size:
1,400 SFLot size:
0.14 AcresPrice / SF:
$235/SF- Added:
- Jun 7, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 18 at 10:06 pm
Property Features for 4000 Fair Park Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Driveway
- Interior features
- EatInKitchen, OpenFloorplan, Pantry, CableTv, WiredForSound
- Fencing
- Fenced
- Appliances
- SomeGasAppliances, Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, IceMaker, Microwave, PlumbedForGas, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 00918393
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- FAIRVIEW HEIGHTS ADDITION BLOCK 4 LOT 1 BLK 4
- Tax Annual Amount
- 3814
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Central, Electric (Heating)
- Cooling system
- Heat Pump, Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Electric
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing agent Erin Brakke License #0735096 (214) 729-5660
Listing office Country 'N' City Realty, LLC Rowlett, TX (903) 458-9911
Listing date Jun 7, 2026
MLS# 21232146
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully updated duplex (2 units) built in 1984, offering two 2‑bedroom, 1‑bath units totaling nearly 1,400 sq. ft.
- One side is leased for $1,965 through March 2027; the other unit is vacant and ready for a new tenant or owner‑occupant.
- 2024–2025 renovations include updated plumbing, lighting, cabinets/hardware/fixtures, quartz countertops, and brand‑new tubs.
- New major systems added in 2024–2025: HVAC systems, water heaters, thermostats, outlets, plus 50‑year architectural shingles roof.
- Each unit includes a refrigerator, washer, and dryer; stainless steel appliances installed in 2025.
- No‑carpet vinyl flooring, open floorplan, pantry, and fenced yard; backing up to open fields.
Overview
This fully updated duplex offers two 2-bedroom, 1-bath income units totaling nearly 1,400 square feet. Renovations completed in 2024–2025 include updated plumbing, lighting, cabinets, hardware, fixtures, quartz countertops, and brand-new tubs, along with new windows, HVAC systems, water heaters, thermostats, and outlets. Each unit features stylish flooring throughout with no carpet, and both sides come equipped with a refrigerator, washer, and dryer, with stainless steel appliances added in 2025. Exterior improvements include a new roof with 50-year architectural shingles, fresh sod, and new fencing.
Located at 4000 Fair Park Boulevard in Fort Worth, the property sits in a quiet neighborhood and backs up to open fields. It is about 10 minutes south of Downtown Fort Worth and approximately 5 miles from TCU. The home is also minutes from La Gran Plaza de Fort Worth, with schools and parks within walking distance.
With one unit currently leased through March 2027, the duplex provides immediate rental income while the second side is vacant and ready for a new tenant or an owner-occupant. Its turn-key renovations and in-unit laundry amenities can appeal to investors seeking a manageable, ready-to-operate residential income property, as well as buyers looking to live in one unit and rent the other.
Located at 4000 Fair Park Boulevard in Fort Worth, the property sits in a quiet neighborhood and backs up to open fields. It is about 10 minutes south of Downtown Fort Worth and approximately 5 miles from TCU. The home is also minutes from La Gran Plaza de Fort Worth, with schools and parks within walking distance.
With one unit currently leased through March 2027, the duplex provides immediate rental income while the second side is vacant and ready for a new tenant or an owner-occupant. Its turn-key renovations and in-unit laundry amenities can appeal to investors seeking a manageable, ready-to-operate residential income property, as well as buyers looking to live in one unit and rent the other.
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 | $39.0k | $27.84 |
| − Vacancy | −$4.0k | −$2.83 |
| EGI | $35.0k | $25.01 |
| − OpEx | −$10.5k | −$7.50 |
| NOI | $24.5k | $17.51 |
1,400 SF · lease $27.84/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.2K
$306.4K – $408.5K
NOI $24,511 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,288 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$508.6K
$445.0K – $593.3K
NOI $35,599 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.314307
- Latitude
- 32.690105
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex with one leased 2/1 unit and one vacant side, newly renovated with modern HVAC and finishes.
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 $330,000.
What are key features of this property?
This property features: Fully updated duplex (2 units) built in 1984, offering two 2‑bedroom, 1‑bath units totaling nearly 1,400 sq. ft.; One side is leased for $1,965 through March 2027; the other unit is vacant and ready for a new tenant or owner‑occupant.; 2024–2025 renovations include updated plumbing, lighting, cabinets/hardware/fixtures, quartz countertops, and brand‑new tubs.
