Occupied Duplex Near Marine
New
For Sale
$195,000
4516 Anchor Court, Fort Worth, TX 76135
ResidentialIncome, Fort Worth, TX
Property Size1,016 SF
Lot Size0.10 Acres
Price / SF$191.93
Days on Market2
Property Features for 4516 Anchor Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
Parking
1
Parking features
Garage, Driveway
Interior features
BuiltInFeatures
Exterior features
Storage
Fireplace
1
Appliances
Dishwasher, ElectricRange, Disposal, VentedExhaustFan
Subdivision
Marine Creek Heights Add
Lot features
Cul De Sac, Few Trees
Elementary school
Greenfield
Middle school
Ed Willkie
High school
Chisholm Trail
Elementary school district
Eagle MT-Saginaw ISD
Middle school district
Eagle MT-Saginaw ISD
High school district
Eagle MT-Saginaw ISD
Directions
GPS
Standard status
Active
APN
05432901
Size
1,016 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
MARINE CREEK HEIGHTS ADDITION BLOCK 10 LOT 26
Tax Annual Amount
3609
Legal Description
MARINE CREEK HEIGHTS ADDITION BLOCK 10 LOT 26
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
wood burning fireplaces
private backyards
Building Details
Year built
1995
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Momentum Real Estate Group,LLC
(817) 438-1500
Listed By:
Tom Harms · License #0694598
(682) 582-6892
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 18 at 6:06PM
MLS# 21389690
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.
Investment Insights
Based on property information with market context.
This 1995 brick duplex contains two residences, each with 3 bedrooms, 2 bathrooms, a one-car garage, a wood-burning fireplace, and a private backyard. The interiors include open kitchen and living areas, vinyl flooring, dishwashers, electric ranges, disposals, and vented exhaust fans. Central electric heating and cooling serve the units, with ceiling fans also present. The property has a composition roof, public water, and public sewer.
Both units are fully occupied under one-year leases, and the property is offered together with the neighboring duplex as a package. Recent improvements include a new roof installed earlier this year and a new HVAC system in one unit. The duplex is located on a quiet cul-de-sac near Marine Creek and Eagle Mountain Lakes, with shopping and major highways nearby. The property is served by Eagle MT-Saginaw ISD.
Both units are fully occupied under one-year leases, and the property is offered together with the neighboring duplex as a package. Recent improvements include a new roof installed earlier this year and a new HVAC system in one unit. The duplex is located on a quiet cul-de-sac near Marine Creek and Eagle Mountain Lakes, with shopping and major highways nearby. The property is served by Eagle MT-Saginaw ISD.
Key Highlights
- Fully occupied duplex with both units under one‑year leases
- Each unit includes 3 bedrooms, 2 bathrooms, and a one‑car garage
- Wood‑burning fireplaces and private backyards in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,788
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$355,760
$355.8K
Cap Rate 7%
$254,114
$254.1K
Cap Rate 9%
$197,644
$197.6K
Market Conditions
NOI Build-Up for 1,016 SF
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.
Gross rent
$28.3K $27.84/SF
− Vacancy
−$2.9K −$2.83/SF
EGI
$25.4K $25.01/SF
− OpEx
−$7.6K −$7.50/SF
NOI
$17.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$355,760
Cap Rate 7%
$254,114
Cap Rate 9%
$197,644
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.4K – $296.5K
NOI $17,788 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,449 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 76135, TX
22,009
Population
8,148
Households
2.7
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
25.6 sq mi
ZIP Area
860
Density / Sq Mi
$70,590
Median Household Income
$41,535
Median Earnings
$1,210
Median Rent
$250,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences provide three bedrooms, two bathrooms, garages, fireplaces, and private outdoor areas.
Where is this duplex located?
The property is located at 4516 Anchor Court Fort Worth, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Fully occupied duplex with both units under one‑year leases; Each unit includes 3 bedrooms, 2 bathrooms, and a one‑car garage; Wood‑burning fireplaces and private backyards in both residences
