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    Portfolio Package: 9 Units, Fort Worth Title is generated by Realmo AI

    5617 De Cory Road, Fort Worth, TX 76134

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    Claim this Listing
    For Sale
    $2,500,000

    Multiple Single Units - Fort Worth, TX

    Lot size:
    0.50 Acres
    Added:
    May 11, 2026
    Days on Market:
    21
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 5617 De Cory Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    New Construction
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    1
    Parking features
    Driveway
    Interior features
    Double Vanity, Kitchen Island, Walk-in Closet(s)
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Washer
    Standard status
    Active
    APN
    126-4293-01020/126-4293-10110
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    2026
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Mann

    Listing agent Michael Mann License #0823050

    Listing office Ace REALTOR Group 124 W Pioneer Pkwy, Arlington, TX

    Listing date May 11, 2026

    MLS# 21266305 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

    • Portfolio Package: Includes 4 Duplexes and 1 Single‑Family Home (9 units total).
    • New Construction Duplexes: Experience modern living with contemporary finishes and functional layouts in Cleburne.
    • Income‑Producing Property: Benefit from strong rental potential with leased units in Fort Worth and Cleburne.
    • Energy‑Efficient Features: Enjoy low‑maintenance materials and energy‑efficient appliances.
    • Convenient Location: Near schools, shopping, dining, and major highways with easy access to the DFW area.
    • Modern Amenities: Features include double vanity, kitchen island, walk‑in closet(s), and modern appliances.

    Overview

    This portfolio package includes four duplexes and one single-family residential home, totaling nine units. Two newly constructed duplexes are located in Cleburne. Additional properties include a duplex at 1425 Evans (both units leased) and another at 7514 Novella DR (both units leased), along with a single-family house at 5617 De Cory RD, Fort Worth, TX 76134 (leased). The new construction duplexes in Cleburne feature contemporary finishes and functional layouts, with open-concept floor plans including spacious living and dining areas, stylish kitchens with modern cabinetry and countertops, energy-efficient appliances, and quality craftsmanship. The units also offer generous bedrooms, updated bathrooms, and ample storage. Constructed with low-maintenance materials and energy-efficient features, these duplexes are suitable for investors seeking rental potential or buyers looking to generate income. The properties are conveniently located near schools, shopping, dining, and major highways, providing easy access to the DFW area. The lot size is approximately 0.5 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3080005
    Latitude
    32.6611505

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    FAQs

    What type of property is this?
    Duplex - Portfolio includes 4 duplexes and 1 single-family home.
    Where is this duplex located?
    The property is located at 5617 De Cory Road Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Portfolio Package: Includes **4 Duplexes and 1 Single‑Family Home (9 units total)**.; New Construction Duplexes: Experience **modern living with contemporary finishes and functional layouts** in Cleburne.; Income‑Producing Property: Benefit from strong rental potential with leased units in Fort Worth and Cleburne.
    (817) 715-9958
    We can help!
    Listing Contact
    Michael Mann
    Real Estate License ID: 0823050
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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.

    More about this property
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