Duplex With Two Outdoor
5011 Ledgestone Drive Fort Worth, TX 76132
5011 Ledgestone Drive, Fort Worth, TX, 76132
$607,500
For Sale
$607,500
MULTI_FAMILY - Fort Worth, TX
Property Size3,216 SF
Lot Size0.30 Acres
Price / SF$188.90
Days on Market18
Property Features for 5011 Ledgestone Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 4
- 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
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Tile, Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
League Real Estate
(817) 523-9113
Fort Worth, TX
Listed by
Mark Philpot · License #0686671
(972) 849-9889
Added: Jul 3 Updated: Jul 17 at 1:44 pm Checked: Jul 20 at 8:06 pm
MLS# 21224948
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.
Investment Insights
Based on property information with market context.
This full duplex includes two units at 5009 and 5011 Ledgestone Drive. Each unit offers two bedrooms and two bathrooms and is described as well maintained with low-maintenance upkeep. The layout includes outdoor living areas such as a front courtyard and patio, along with backyards for both units. The office space could be converted into a third bedroom, offering flexibility for a primary resident. Each unit also has a two-car garage and plenty of storage. Mature trees are present in both the front and back, and the 5011 side includes Trex fencing with turf.
The property is located in Fort Worth, Texas 76132, described as being off Ledgestone Drive. The outdoor areas and courtyard/patio setup create usable space around both units, supported by landscaping details including mature trees at both the front and rear.
As a duplex, the configuration may suit an owner-occupant who wants to live in one unit while having additional rental income potential from the other. The remarks note that it could also fit an investor seeking long-term tenants. With a turn-key presentation and practical features like garages, storage, and flexible interior space, the property is positioned for straightforward transition to new ownership.
The property is located in Fort Worth, Texas 76132, described as being off Ledgestone Drive. The outdoor areas and courtyard/patio setup create usable space around both units, supported by landscaping details including mature trees at both the front and rear.
As a duplex, the configuration may suit an owner-occupant who wants to live in one unit while having additional rental income potential from the other. The remarks note that it could also fit an investor seeking long-term tenants. With a turn-key presentation and practical features like garages, storage, and flexible interior space, the property is positioned for straightforward transition to new ownership.
Key Highlights
- Full duplex at 5009 and 5011 off Ledgestone, featuring two 2‑bed, 2‑bath units
- Garage parking for each unit (2‑car garage per unit) plus on‑street parking
- Multiple outdoor spaces including front courtyard, patio, and backyards for both units
Local Financial Insights For Apartment 5plus
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 | $99.6k | $30.96 |
| − Vacancy | −$10.7k | −$3.31 |
| EGI | $88.9k | $27.65 |
| − OpEx | −$40.0k | −$12.44 |
| NOI | $48.9k | $15.21 |
3,216 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$804.4K
$703.8K – $938.4K
NOI $56,306 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$698.6K
$611.3K – $815.1K
NOI $48,903 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,776 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turn-key duplex with two well-maintained 2-bedroom units, each with a garage and multiple outdoor living areas.
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 $607,500.
What are key features of this property?
This property features: Full duplex at 5009 and 5011 off Ledgestone, featuring two 2‑bed, 2‑bath units; Garage parking for each unit (2‑car garage per unit) plus on‑street parking; Multiple outdoor spaces including front courtyard, patio, and backyards for both units
