Brick Duplex with Private
For Sale
$275,000
501 Byron Street, Fort Worth, TX 76114
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 Market112
Property Features for 501 Byron Street
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Amenities
Ceiling Fan(s), Central Air, Electric
Central, Electric
No
Laminate, Luxury Vinyl Plank, Vinyl
Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Vented Exhaust Fan, Washer
Window Coverings
Cable TV Available, High Speed Internet Available
Composition
One
Back Yard, Front Yard, Perimeter, Wood
Rain Gutters, Storage
1
Slab
Assessor
2
Brick
Building Details
Year Built
1985
Buildings
1
Construction
Brick
Tenancy
Multi
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: Aug 8
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
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
$24,511
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
8.91%
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%
$490,220
$490.2K
Cap Rate 7%
$350,157
$350.2K
Cap Rate 9%
$272,344
$272.3K
Market Conditions
NOI Build-Up for 1,400 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
$39.0K $27.84/SF
− Vacancy
−$4.0K −$2.83/SF
EGI
$35.0K $25.01/SF
− OpEx
−$10.5K −$7.50/SF
NOI
$24.5K $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%
$490,220
Cap Rate 7%
$350,157
Cap Rate 9%
$272,344
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 76114, TX
26,676
Population
10,648
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
76%
High-School Grad
9.7 sq mi
ZIP Area
2,750
Density / Sq Mi
$61,055
Median Household Income
$40,145
Median Earnings
$1,231
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
