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    Fully Occupied Quadplex Investment Title is generated by Realmo AI

    4936 Flamingo Road, Fort Worth, TX 76119

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    For Sale
    $449,000

    MULTI_FAMILY - Fort Worth, TX

    Lot size:
    0.21 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 4936 Flamingo Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
    Parking
    4
    Parking features
    Garage
    Interior features
    HighSpeedInternet, CableTv
    Appliances
    Dishwasher
    Standard status
    Active
    APN
    05843189
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Description
    COUCH, J T ADDITION BLOCK 6 LOT 20R7
    Tax Annual Amount
    9938

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Brick, WoodSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Laura-Marie Captain

    Listing agent Laura-Marie Captain License #0696695

    Listing office C21 Fine Homes Judge Fite Dallas, TX

    Listing date Apr 21, 2026

    MLS# 21243872 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 occupied 4‑unit quadplex in Fort Worth
    • Each unit has a two‑story layout with 2 bedrooms and 1.5 bathrooms
    • Approximately 780 SF per unit; open‑concept living with bedrooms upstairs and half bath on main level
    • Roof replaced approximately 3 years ago; recent updates completed in select units
    • Central heating and central air; laminate flooring; cable TV and high‑speed internet available
    • Utilities: public water and public sewer; brick and wood siding with composition roof; garage parking

    Overview

    This fully occupied quadplex offers four separate, two-story residences, each designed with two bedrooms and 1.5 bathrooms. Interiors are laid out for everyday comfort, with open-concept living areas on the main level, private bedrooms upstairs, and a convenient half bath to support the downstairs flow. Approximately 780 square feet per unit, the configuration is well-suited to tenants looking for space without excess complexity. The property has also benefited from recent attention, including updates completed in select units and a roof replacement completed approximately three years ago, which can help reduce near-term capital expense needs.

    Located at 4936 Flamingo Road in Fort Worth, TX 76119, the asset provides easy access to major thoroughfares and is positioned near shopping, dining, and public transportation. That central setting supports tenant convenience and helps maintain the property’s investment stability.

    For investors, this is a practical, stabilized income opportunity with immediate rental presence. With continued unit updates and the ability to support rental growth over time, the quadplex offers upside potential while still operating with current occupancy. Its straightforward, repeatable unit design can also appeal to buyers seeking a manageable multifamily asset with consistent layouts across all four homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.262389
    Latitude
    32.688335

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    FAQs

    What type of property is this?
    Quadplex - Stabilized quadplex with four spacious two-story units, recent roof replacement, and cash-flow potential in Fort Worth.
    Where is this quadplex located?
    The property is located at 4936 Flamingo Road Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Fully occupied 4‑unit quadplex in Fort Worth; Each unit has a two‑story layout with 2 bedrooms and 1.5 bathrooms; Approximately 780 SF per unit; open‑concept living with bedrooms upstairs and half bath on main level
    (214) 920-9611
    We can help!
    Listing Contact
    Laura-Marie Captain
    Real Estate License ID: 0696695
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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