Brick Duplex with Private
501 Byron Street Fort Worth, TX 76114
For Sale
$275,000
Full duplex offers two 2BR/1BA units with private yards, separate utilities per seller, and assigned covered parking.
Property Size1,400 SF
Price / SF$196.43
Days on Market97
Property Features for 501 Byron Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
1985
Listing Agency:
CENTURY 21 Judge Fite Co.
(817) 798-4663
Listed By:
Lori Mayo · License #0460623
(817) 798-4663
Source:
Compass
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 23 at 11:49AM
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 CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
Charming brick duplex offers a full duplex configuration with two separate units, each featuring 2 bedrooms and 1 bathroom. Per seller, the units have separate utilities. Both units include private yards, individual storage buildings, and assigned covered parking (1 space per unit). The driveway provides additional off-street parking, and the property includes mature trees.
Located at the end of a cul-de-sac, the home is near Fort Worth’s River District and is described as being within walking distance to schools, with nearby access to restaurants, shopping, and Trinity Trails. Per seller, Unit B is leased through May 31, 2027, with monthly rent noted as $1,225.
Located at the end of a cul-de-sac, the home is near Fort Worth’s River District and is described as being within walking distance to schools, with nearby access to restaurants, shopping, and Trinity Trails. Per seller, Unit B is leased through May 31, 2027, with monthly rent noted as $1,225.
Key Highlights
- 2‑unit brick duplex (1 story) built in 1985, offering two 2BR/1BA units with private yards
- Per seller, each unit has separate utilities
- Unit B is leased until May 31, 2027 at $1,225 per month
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 8.91%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,288 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$508.6K
$445.0K – $593.3K
NOI $35,599 @ 7.0% cap · market cap 12.95%
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 - Full duplex offers two 2BR/1BA units with private yards, separate utilities per seller, and assigned covered parking.
Where is this duplex located?
The property is located at 501 Byron Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2‑unit brick duplex (1 story) built in 1985, offering two 2BR/1BA units with private yards; Per seller, each unit has separate utilities; Unit B is leased until May 31, 2027 at $1,225 per month
