Modern Duplex with Gated
New
For Sale
$479,000
5836/5840 Eastland St, Fort Worth, TX 76119
Two-unit property with contemporary finishes, private laundry, fencing, and controlled vehicle access.
Property Size2,618 SF
Price / SF$182.96
Days on Market6
Property Features for 5836/5840 Eastland St
General Information
Standard status
Active
Size
2,618 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/2.5BA
Multifamily Units
2
Amenities
in-unit laundry
fully fenced
automatic gate
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Conger Group Texas
Listed By:
Kasie Dudley · License #0686718
(682) 888-9865
Source:
Findtexashomesforsale
Added: Sep 13
Changed: Sep 18
Last Checked: Sep 18 at 7:52AM
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 Conger Group Texas
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two separate residences with a 3-bedroom, 2.5-bath layout and a 2-bedroom, 2.5-bath layout. Both units provide open living and kitchen areas, luxury vinyl plank flooring, granite countertops, soft-close cabinets, stainless steel appliances, and in-unit laundry. The property is enclosed by fencing and includes an automatic entry gate.
The 2-bedroom residence is leased through June 30, 2027. The 3-bedroom residence is being used for short-term contract stays through PadSplit, giving the property two distinct operating arrangements. Located at 5836/5840 Eastland St in Fort Worth, the duplex combines recent construction with existing rental activity and a flexible unit configuration.
The 2-bedroom residence is leased through June 30, 2027. The 3-bedroom residence is being used for short-term contract stays through PadSplit, giving the property two distinct operating arrangements. Located at 5836/5840 Eastland St in Fort Worth, the duplex combines recent construction with existing rental activity and a flexible unit configuration.
Key Highlights
- Built in 2025 with two separate residential units
- Unit mix includes 3 bedrooms and 2.5 bathrooms plus 2 bedrooms and 2.5 bathrooms
- Both residences feature open‑concept living and kitchen areas
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
$39,809
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
8.31%
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%
$796,180
$796.2K
Cap Rate 7%
$568,700
$568.7K
Cap Rate 9%
$442,322
$442.3K
Market Conditions
NOI Build-Up for 2,618 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
$81.1K $30.96/SF
− Vacancy
−$8.7K −$3.31/SF
EGI
$72.4K $27.65/SF
− OpEx
−$32.6K −$12.44/SF
NOI
$39.8K $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 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%
$796,180
Cap Rate 7%
$568,700
Cap Rate 9%
$442,322
Alternative Uses
Best Use
Multifamily LT 5
$654.8K
$573.0K – $763.9K
NOI $45,836 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$568.7K
$497.6K – $663.5K
NOI $39,809 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$951.0K
$832.1K – $1.11M
NOI $66,571 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 76119, TX
50,850
Population
16,697
Households
3
Avg Household Size
32
Median Age
8%
College-Educated
66%
High-School Grad
15.9 sq mi
ZIP Area
3,198
Density / Sq Mi
$46,537
Median Household Income
$29,387
Median Earnings
$1,234
Median Rent
$146,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with contemporary finishes, private laundry, fencing, and controlled vehicle access.
Where is this duplex located?
The property is located at 5836/5840 Eastland St Fort Worth, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Built in 2025 with two separate residential units; Unit mix includes 3 bedrooms and 2.5 bathrooms plus 2 bedrooms and 2.5 bathrooms; Both residences feature open‑concept living and kitchen areas
