2-Unit Duplex with
For Sale
$575,000
5011 Ledgestone Drive, Fort Worth, TX 76132
ResidentialIncome, Fort Worth, TX
Property Size3,216 SF
Lot Size0.30 Acres
Price / SF$178.79
Days on Market95
Property Features for 5011 Ledgestone Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3
Parking
4
Parking features
Garage, On Street
Patio and Porch features
Porch, Patio
Interior features
GraniteCounters, HighSpeedInternet, CableTv
Exterior features
Courtyard, RainGutters
Fireplace
1
Appliances
Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater
Subdivision
Overton South Add
Lot features
Landscaped
Elementary school
Oakmont
Middle school
Summer Creek
High school
North Crowley
Elementary school district
Crowley ISD
Middle school district
Crowley ISD
High school district
Crowley ISD
Directions
See GPS
Standard status
Active
APN
02098709
Size
3,216 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
OVERTON SOUTH ADDITION BLOCK 6 LOT 13
Tax Annual Amount
9203
Legal Description
OVERTON SOUTH ADDITION BLOCK 6 LOT 13
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
front courtyard
patio
backyards
mature trees
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Laminate
Building materials
Brick
Roof type
Composition
Listing Agency:
League Real Estate
(817) 523-9113
Listed By:
Mark Philpot
(972) 849-9889
Added: Jul 17
Changed: Oct 15
Last Checked: Oct 19 at 1:06PM
MLS# 21224948
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.
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Investment Insights
Based on property information with market context.
Located at 5011 Ledgestone Drive in Fort Worth, this duplex contains two separate residences, each with two bedrooms and two bathrooms. Combined building area totals 3216 square feet on a 0.302-acre lot. Each unit includes an office that may serve as a potential third bedroom, along with a front courtyard, patio, and backyard. Two-car garage parking is provided for each residence, with additional storage and on-street parking.
The 1976 property features brick construction, composition roofing, central electric heating and cooling, public water, and public sewer. Interior finishes include laminate, tile, and vinyl flooring, granite counters, cable TV, and high-speed internet. Appliances include dishwashers, electric ovens, electric ranges, and electric water heaters. Exterior details include mature trees, rain gutters, porch areas, and Trex fencing with turf on the 5011 side.
The 1976 property features brick construction, composition roofing, central electric heating and cooling, public water, and public sewer. Interior finishes include laminate, tile, and vinyl flooring, granite counters, cable TV, and high-speed internet. Appliances include dishwashers, electric ovens, electric ranges, and electric water heaters. Exterior details include mature trees, rain gutters, porch areas, and Trex fencing with turf on the 5011 side.
Key Highlights
- Two‑unit duplex at 5011 Ledgestone Drive, Fort Worth, TX 76132
- 3216 square feet on a 0.302‑acre lot
- Each unit offers 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,903
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,060
$978.1K
Cap Rate 7%
$698,614
$698.6K
Cap Rate 9%
$543,367
$543.4K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$99.6K $30.96/SF
− Vacancy
−$10.7K −$3.31/SF
EGI
$88.9K $27.65/SF
− OpEx
−$40.0K −$12.44/SF
NOI
$48.9K $15.21/SF
Area
Fort Worth, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,060
Cap Rate 7%
$698,614
Cap Rate 9%
$543,367
Alternative Uses
Best Use
Multifamily LT 5
$804.4K
$703.8K – $938.4K
NOI $56,306 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$698.6K
$611.3K – $815.1K
NOI $48,903 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,776 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
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Business Placement
Demographics for 76132, TX
26,249
Population
13,906
Households
1.9
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
7.4 sq mi
ZIP Area
3,547
Density / Sq Mi
$67,017
Median Household Income
$42,579
Median Earnings
$1,354
Median Rent
$401,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include private outdoor areas, two-car garages, and flexible office space.
Where is this duplex located?
The property is located at 5011 Ledgestone Drive Fort Worth, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex at 5011 Ledgestone Drive, Fort Worth, TX 76132; 3216 square feet on a 0.302‑acre lot; Each unit offers 2 bedrooms and 2 bathrooms
